Lankan Parliament Approves Plan To Restructure Nation’s Internal Debt

Sri Lanka tumbled into its worst financial crisis in more than seven decades last year after the country's dollar reserves shrank to record lows, triggering mass protests, a foreign debt default and the resignation of its former president

Sri Lanka Seeks For 30% Haircut From Dollar Debt Holders

Sri Lanka is struggling with its worst financial crisis since its independence from Britain in 1948 after the country's foreign exchange reserves hit record lows and triggered its first foreign debt default last year

Multilateral Financial Institutions Should Be Reformed, Need To Find Solutions To Debt Crisis: PM Modi

In a video message during G20 Development Ministers' Meeting here on Monday, the Prime Minister also said that gender equality and women's empowerment are crucial to achieving the SDGs (Sustainable Development Goals)

Prez Wickremesinghe Assures To Fix Sri Lanka’s Debt-ridden Economy

The president in his series of tweets suggested systematic change and national unity in conjunction with economic reforms can help the country to achieve prosperity

Default By Future Enterprises On Rs 15.73 Crore Interest Payment For NCDs

The debt-ridden logistics company, Future Enterprises Limited, has defaulted on interest payments for non-convertible debentures over Rs 15 crore.

Global Leaders Discuss Debt Crisis In US Amid Lankan Economic Fallout

The country is witnessing large-scale protests against the government's handling of the debt-ridden economy - the worst-ever economic crisis in the country's history

India's Bad Debt Pile Eased By Write-Offs, Underlying Problem Far From Resolved

As of June 30, total stressed assets on the books of Indian banks were at 9768.47 bn rupees down from 10,672.29 bn rupees.

Emerging Themes For An Undercover Economist In Each Of Us

For some countries, the biggest adversary that caused the financial crisis of 2008, 'the mounting global debt', has continued to surge at an astoundingly rapid pace

IMF To Stay Out Of Greek Bailout, To Take Advisory Status

Talks between Greece, its European creditors and the IMF have been at an impasse since German finance minister Wolfgang Schaeuble insisted on the IMF taking part but rejected calls from IMF Managing Director Christine Lagarde for a big debt restructuring

IMF Says Global Debt Tops $152 Trillion, Urges More Spending

The IMF said about about two thirds of the 2015 total, or about $100 billion, is owed by private sector borrowers, and noted that rapid increases in private debt often lead to financial crises

Greece In Shock As Banks Shut After Snap Referendum Call

Creditors, Greeks Put Rival Proposals To EU Ministers

Europe’s Double Jeopardy

Subdued Recovery In Asia In 2013

JSW Steel Q3 Net Down 18 Per cent, Below Expectations