The IMF observed that Pakistan's debt repayment faces significant risks and remains critically dependent on policy implementation and external financing. Pakistan also faces numerous challenges, like delayed adoption of reforms, high public debt and gross financing needs among others.
The IMF also said that without changing policies, Maldives remains at highly vulnerable to climate change risks with high levels of fiscal deficits and public debts. Muizzu's mentor and former President Abdullah Yameen also borrowed heavily from China that drove the country in a debt crisis.
Debt defaults by certain group entities of diversified IL&FS have triggered fears of liquidity crisis in the financial markets and the RBI has been taking steps to improve the overall cash situation.
Greece launched its first space agency on Monday as an effort to rebuild the ailing economy as it exits a severe eight-year debt crisis.
Chennai: Prices of gold may slide down further to around Rs.23,500-Rs.24,000-23,500 per 10 grams considering the current rupee-dollar conversion, said analysts.In the Indian market, gold could fall in the range of Rs.23,500-Rs.24,000 considering the current rupee-dollar
Athens, Greece: Greeks lined up at polling stations and ATMs alike Sunday as the country voted on its financial future, choosing in a referendum whether to accept creditors' demands for more austerity in return for
Athens, Greece: Greece is set to become the first developed nation to not pay its debts to the International Monetary Fund on time, as the country sinks deeper into a financial emergency that has forced
Beijing: Asian stock markets sank Monday after Greece closed its banks and imposed capital controls in a dramatic turn in its struggle with heavy debts.Oil prices declined and the euro edged down against the dollar
Athens (Greece): Greece's five-year financial crisis took its most dramatic turn yet, with the cabinet deciding after an 8-hour session that Greek banks would remain shut for six business days and restrictions would be imposed
Washington : Democrats and Republicans remained no closer to resolving a budget feud that has shut down much of the government as Washington and international officials raised the alarm Thursday over an even more critical
Mumbai, Nov 1: Falling for the second day in a row, the BSE benchmark Sensex today tumbled by 224 points to close at 17,480.83 on across-the-board selling as investors remained downcast amid weak global cues.Interest
Mumbai, Oct 28: Logging in the biggest gain in two months, the BSE Sensex shot up 516 points today to close at 3-month high of 17,804.80 on the back of strong global markets after EU
New Delhi, Oct 22: Debt crisis in Europe and slowdown in the US are having an adverse impact on India, but the fundamentals of the country's economy remain intact, Finance Minister Pranab Mukherjee said today.Addressing
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