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1 – 7 of 7Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…
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DOI: 10.1108/OXAN-DB280445
ISSN: 2633-304X
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Some observers fear Nepal could soon end up in a full-blown economic crisis such as that now affecting Sri Lanka, which recently suspended external debt servicing. Kathmandu, like…
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DOI: 10.1108/OXAN-DB270224
ISSN: 2633-304X
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Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…
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DOI: 10.1108/OXAN-DB266266
ISSN: 2633-304X
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The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…
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DOI: 10.1108/OXAN-DB263250
ISSN: 2633-304X
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Delhi last month banned wheat exports except in cases where letters of credit for shipments have already been issued and where foreign governments request supplies to help meet…
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DOI: 10.1108/OXAN-DB270778
ISSN: 2633-304X
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Parliament passed a bill earlier in May authorising the president to form the commission after key amendments recommended by the Supreme Court were incorporated into the…
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DOI: 10.1108/OXAN-DB261892
ISSN: 2633-304X
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In late May, it approved a three-month, USD200mn currency swap with Sri Lanka to help ease Colombo’s foreign exchange woes. The move underscores its growing economic strength…