Sri Lanka has passed the worst of the crisis a year after the island nation’s economic collapse led to the appointment of a new government. But as Anjana Pasricha reports, millions of people in Sri Lanka continue to experience hardship, so the country’s economic problems are far from over.
Bangladesh will have a hard time complying with the loan recommendations of the International Monetary Fund (IMF) without antagonizing the public and big business ahead of the national election, analysts and stakeholders said.
The International Monetary Fund announced it officially awarded a two-part loan totaling about U.S. $4.7 billion to Bangladesh on Monday to help preserve economic stability and strengthen the nation’s resistance to climate change.
Thyagi Ruwanpathirana, Amnesty International’s South Asia Regional Researcher, responded to media reports that the government is in talks with a number of lenders about its debt obligations and the imposition of austerity measures in the midst of a severe economic crisi
During Russia’s invasion of Ukraine, the Ukrainian government is doing everything it can to keep the economy functioning. Its funds, however, are rapidly dwindling
The International Monetary Fund would likely require Venezuela to lift price controls and privatize state-owned companies, including the oil and gas company Petróleos de Venezuela, S.A. (PDVSA), in exchange for billions of dollars in aid and loans