- November 21st, 2024
Sri Lanka’s newly elected President Anura Kumara Dissanayake has announced his support for the International Monetary Fund (IMF) bailout programme, reversing his earlier campaign pledge to renegotiate the deal. This shift reflects the dire state of the country's economy and...
Morocco plans to ease its current exchange rate regime starting in 2026, marking a return to gradual currency reform efforts that were postponed due to the economic fallout from the COVID-19 pandemic. The announcement came from Abdellatif Jouahri, Governor of...
In a landmark report released on Tuesday, the International Monetary Fund (IMF) warned that the world’s total public debt is set to exceed $100 trillion for the first time in history this year, marking a significant shift in global financial...
Sri Lanka’s New Government Endorses Controversial Debt Restructuring Plan Amid Political Uncertainty
Sri Lanka’s newly-elected government has approved a contentious restructuring deal for US$14.7 billion (RM62 billion) in foreign commercial credit, a plan tentatively agreed upon by the previous administration led by former President Ranil Wickremesinghe. The move has sparked widespread discussion...
The International Monetary Fund (IMF) is seeking a strong budget and a narrower deficit from Sri Lanka to bridge the gap between government revenue and expenditure. Sri Lanka experienced its worst financial crisis in seven decades last year due to...