Tag:debt

This warning comes more than a decade of heedless spending for ‘stimulus’ advocated by macro-economists themselves. The warning also comes amid growing concern that the post-pandemic stimulus era may be giving way to a more constrained fiscal environment worldwide.

India played a key role as a co-chair in Sri Lanka’s overall debt restructuring discussions, making it a critical diplomatic player in the island nation’s path to financial recovery.

While the previous government’s reforms aimed at increasing transparency, efficiency, and private sector involvement, the Dissanayake administration appears to be prioritising a different approach, potentially curbing or modifying privatisation efforts.

With vegetable inflation exceeding 40 per cent, consumers face the brunt of soaring costs, while weak market monitoring and governance exacerbate the issue.

Nepal’s debt trajectory aligns with global trends among developing nations, which have seen rising public debt due to post-pandemic recovery efforts, inflationary pressures, and currency devaluations.

The President revealed that the government had successfully recouped MVR 3.1 billion from various parties, contributing to a reduction in the overall national debt.

Despite riding a wave of anti-corruption and anti-establishment sentiment, Dissanayake’s promise to renegotiate some austerity measures entails great economic risk and is unlikely to...

Currency devaluations have raised the cost of servicing external debt, in many instances, while governments have been forced by conditionalities imposed by international institutions...