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    India Writes Off $100 Million in Sri Lankan Debt as Modi Resets Bilateral Ties

    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.

    Sri Lanka Confident of “Smoother” IMF Second Review, Says Minister

    An IMF mission is expected visit Sri Lanka on March 7 and will engage in the review of second tranche of the $3 billion...

    Sri Lanka, China Discussing Debt Treatment, Says Minister

    Chinese loans to Sri Lanka account for about 10 per cent of the country’s total debts and China could even provide fresh loans for...

    Why is India’s financial aid offer to Sri Lanka getting delayed?

    Sri Lankan finance minister Basil Rajapaksa’s visit to clinch a big-ticket loan from India has been postponed. Is this go-slow a deliberate strategy to...

    COVID-19 impacts Bangladesh banks’. Bad loans rise by 8 per cent in December

    In what clearly looks like a case of pandemic blues, cases of default on bank loans have been pushed up by 8 per cent...

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    Myanmar Human Rights Crisis Deepens as Aid Collapses, Attacks Intensify

    Since the military coup in February 2021, nearly 6,800 civilians have been killed and over 22,000 remain arbitrarily detained, he said. Humanitarian needs have soared, with nearly 22 million people in need of assistance and more than 3.5 million displaced by conflict.
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    World Economy Will Slow Sharply, Despite US-China Tariff De-Escalation, Says Fitch

    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.

    Bangladesh Pays Off Major Dues to Adani, Avoids $20M Late Fee

    The Bangladesh Power Development Board (BPDB) confirmed it transferred a record $437 million in June to settle mounting arrears with Adani Power Jharkhand Ltd (APJL), the Indian firm operating the 1,496-megawatt Godda Ultra Supercritical Thermal Power Plant in Jharkhand.

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    Myanmar Human Rights Crisis Deepens as Aid Collapses, Attacks Intensify

    Since the military coup in February 2021, nearly 6,800 civilians have been killed and over 22,000 remain arbitrarily detained, he said. Humanitarian needs have soared, with nearly 22 million people in need of assistance and more than 3.5 million displaced by conflict.

    World Economy Will Slow Sharply, Despite US-China Tariff De-Escalation, Says Fitch

    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.