debt crisis – Asian News from UK

‘Pakistan in CPEC Debt Trap, China Holds the Key’

Pakistan’s senior officials emphasized that simply seeking loans from international organizations is insufficient; instead, Pakistan must devise a strategy to repay the debts incurred through CPEC extensions…reports Asian Lite News Pakistan’s struggling

July 11, 2024

-Top News·Asia News·China

Debt-ridden Lanka seeks helping hands

Started with the Easter Sunday bombing in 2019 followed by the Covid-19 pandemic, Sri Lanka is currently facing a sever foreign exchange crisis with foreign reserves fell to $ 2.36 billion as

March 17, 2022

-Top News·Asia News·India News

42 nations caught in China’s $843 bn debt trap

These debts are systematically underreported to the World Bank’s Debtor Reporting System…reports Sanjeev Sharma Forty-two countries now have levels of public debt exposure to China in excess of 10 per cent of

September 30, 2021

-Top News·China

UN lauds IMF, World Bank measures to stave off debt crisis

The top UN official has proposed a “three-phased approach to address debt burdens: a debt standstill, targeted debt relief for the most vulnerable, and a reform of the international debt architecture.”..reports Asian

April 10, 2021

-Top News·COVID-19·Economy