Finance and Economy

Debt service payments by developing countries have soared by $74 billion in a single year, from $847 billion to $921 billion.

There have been downward pressures on US financial asset prices as reflected in equity market volatility, a weakening dollar and higher long-term 30-year government bond yields.

Reaffirming the United States’ commitment to fostering commercial ties, the U.S. Mission in Pakistan announced its continued support for American businesses interested in operating within the country.

Meanwhile, the de facto authorities have conveyed grievances around frozen assets, sanctions, non-recognition, the need for greater development assistance, and an end to aid dependency.

A core feature of the initiative includes $40 million in World Bank Group guarantees in the first phase. This will help reduce risks for private investors and energy producers.

What prevents even a small fraction of these funds from flowing toward sustainability? This gap represents not only a financial challenge but also an opportunity to rethink how the economic system works and reorient it towards more equitable and resilient growth.

Speaking at a business forum attended by around 100 Chinese companies eager to explore investment and trade opportunities in Sri Lanka, Minister Wang called for accelerating negotiations on the FTA.

Through the KCC framework, farmers benefit from revolving credit facilities for up to five years. This flexible structure allows them to draw and repay funds as per their seasonal requirements without having to reapply for loans each season.