As poor nations’ default wave peaks, cash shortage could take its place
LONDON: The punishing post-COVID wave of sovereign defaults has finally crested, with the likes of Ghana, Sri Lanka and Zambia ...
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Sri Lanka approves controversial foreign debt deal
COLOMBO: Sri Lanka’s new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by ...
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Sustaining reforms critical for Sri Lanka: IMF
COLOMBO: Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International Monetary Fund said Friday as ...
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