Kenya will use part of the recently obtained Sh156.8 billion loan from the World Bank to clear the outstanding balance of Sh65.3 billion ($500 million) from its first Eurobond maturing on… Read More

France and Germany have overtaken China in budgeted loans from rich countries for the new year that begins in July, highlighting President William Ruto's realignment with the West in a fo… Read More

As businesses transcend borders, the need for efficacious mechanisms to uphold rights and obligations across jurisdictions becomes vital. In this tapestry of global commerce, the enforcement… Read More

STRATEGICALLY placed Sri Lanka’s economic recovery was essential for stability in the Indo-Pacific region, Japan’s foreign minister said last Saturday (4), urging Colombo to swif… Read More

The Swiss Ribbons case addressed the validity of the differential treatment between operational and financial creditors under the Insolvency and Bankruptcy Code of 2016 The Swiss Ribbons ca… Read More

Sri Lanka’s upcoming elections and ongoing negotiations will shape the nation’s economic future, requiring resilience and commitment to sustainable growth Sri Lanka, once hail… Read More

STRATEGICALLY placed Sri Lanka’s economic recovery was essential for stability in the Indo-Pacific region, Japan’s foreign minister said last Saturday (4), urging Colombo to swif… Read More

Japan’s foreign minister emphasised the critical importance of Sri Lanka’s economic revival for stability in the Indo-Pacific region during discussions with Sri Lankan officials… Read More

Sri Lanka’s rupee, battered by economic crises since 2022, is now rebounding against major currencies, according to State Minister for Finance Ranjith Siyambalapitiya. Boosted by exten… Read More

For minimum wage earners in the Philippines like Malou Fabella, getting sick is not an option. As her family’s sole breadwinner, she must get up every day to work, avail of overtime… Read More

In today’s interconnected world, business transactions and commercial relationships transcend international boundaries like never before In today’s interconnected world, busines… Read More

Your VIP pass to the world’s most influential gatherings. Apr 26, 2024 View in browser  … Read More

Context: The recent Global Sovereign Debt Roundtable (GSDR) meeting held on the sidelines of the IMF and World Bank Meetings offered solutions for low-and middle-income countries (LMICs), bu… Read More

The International Monetary Fund (IMF) has reassured Ghana that it will receive its next tranche of funding support amounting to US$360 million in June 2024, despite the nation not having fin… Read More

The International Monetary Fund (IMF) has declared that Africa stands at a pivotal moment, having weathered multiple shocks over the past four years that plunged many economies into crisis… Read More

This is for UTME Candidates looking for JAMB Economics Questions and Answers 2024. Especially for those aspiring for Economics, Bus Admin, and other social sciences and art courses requiring… Read More

Tension between China and India threatens to paralyse BRICS – the association of five major emerging national economies: Brazil, Russia, India, China and South Africa. While struggling… Read More

The debt crisis in Zambia is a cautionary tale, not just for the country itself but for many African nations grappling with similar challenges. Zambia’s journey into indebtedness and i… Read More

Ghana is embarking on its second review of the three-year, $3 billion IMF-supported Post-COVID-19 Programme for Economic Growth (PC-PEG), beginning on Tuesday, April 2, 2024, following the s… Read More

Context: Sri Lanka is finalising a debt treatment plan with India and the Paris Club. Sri Lanka is likely to get a moratorium of up to six years as well as a reduced interest rate during the… Read More

Financially-broke Sri Lanka seeks a debt default till 2027 from both local and international lenders to ease the debt burden on the country’s GDP. Sri Lanka President Ranil Wickremesin… Read More

After Pakistan’s turbulent election period, the government elected after 8 February 2024 will have to deal with the vexed problem of Pakistan’s foreign debt. Pakist… Read More

Table of ContentsFramework for Recognition of Foreign Judgments in the UAEHistorical Challenges in Enforcement of English Court Judgments in the UAEThe Lenkor Decision and UAE Ministry of Ju… Read More

Finance and Economic Affairs Minister, Simplex Chithyola Banda, has reiterated that Malawi’s public debt of MK12.56 trillion, exacerbated by the exchange rate realignment, is unsustain… Read More

SRI LANKA expects to implement a debt restructuring framework within the first six months of 2024, the country’s president said last Wednesday (7), expressing confidence that the natio… Read More

A SOCIAL justice watchdog, the Zimbabwe Coalition on Debt and Development (Zimcodd), says while the country is targeting a 3.5% economic growth rate in 2024, this is likely to be hampered… Read More

Home Business Pakistan Economic Crisis: Cash-strapped Nation Seeks USD 2 Billion Loan From China In his letter, Caretaker Prime Minister Anwaarul Haq Kaka… Read More

The government of Ghana has reached a debt restructuring agreement with its official creditors under the Group of 20 (G20) common framework. The Ministry of Finance announced the agreement i… Read More

It was by multiple accounts an unprecedented development when, in early 2022, it was brought to notice that a fellowship of some top African tech leaders, the likes of Olugbenga Agboola, wer… Read More

Ghana has successfully reached an agreement with the Paris Club on debt treatment, marking a pivotal development that opens the door for the International Monetary Fund (IMF) to release the… Read More

Ghana has reached an agreement with external creditors for a debt restructuring that was key to its $3 billion credit line with the IMF, the government and the lender said. Facing its wor… Read More

President Akufo-Addo has reiterated his government’s position as regards rebounding the Ghanaian economy in his Constitution Day broadcast to the nation. “We have, happily, turne… Read More

Russia takes over the rotating chairmanship of BRICS (Brazil, Russia, India, China and South Africa) from January 2024. It has already planned a comprehensive range of activities including i… Read More

DRT Advocate India, Debt Recovery Tribunal Lawyer India Ajay Gautam Advocate: Providing High-Quality Legal Services in Jabalpur Ajay Gautam is a well-known advocate based in Jabalpur, Mad… Read More

THE second review of Sri Lanka’s $2.9 billion (£2.29bn) bailout with the International Monetary Fund (IMF) could be completed as early as the first half of 2024, provided it mana… Read More

Pakistan and the Asian Development Bank (ADB) have signed six loan agreements worth $1.2 billion, with one-third of it to be disbursed as budget financing, reopening choked financing pipelin… Read More

Somalia’s government on Wednesday held celebrations in the capital, Mogadishu, after the IMF and the World Bank announced $4.5bn ($3.5bn) in debt relief for the country. Prime Minis… Read More

By David Biller and Débora Rey | Associated Press BUENOS AIRES, Argentina — It wasn’t the most uplifting of inaugural addresses. Rather, Argentina’s newly empowered… Read More

Context: Debt ridden Sri Lanka has reached an ‘agreement-in-principle’ with India and other Paris Club creditors on a debt treatment plan. Facing economic distress due to the eco… Read More

Navigating the Complex Web of China’s Belt and Road Initiative By Michael Megarit  Belt and Road Initiative, launched by China’s President Xi Jinping a century ago, is a mas… Read More

The Pakistani economy is in shambles. Global creditors like the IMF, the World Bank, and bilateral partners are demanding long-overdue structural reforms, and the country is bracing for a ma… Read More

Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’s second full-year budget on Monday, targeting a return to growth f… Read More

 China's lending to the developing world, including Pakistan, has shifted towards emergency fiscal support from development financing amid Beijing's efforts to mitigate default risks(ad… Read More

Chinese research vessel Shi Yan 6 Wednesday docked at Sri Lanka’s Colombo port despite security concerns raised by India. “Shi Yan 6 was given permission to enter th… Read More

“When you give roses to others, their fragrance lingers on your hand,” Xi Jinping told guests at the 10th anniversary celebration of his Belt and Road Initiative in Beijing las… Read More