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1 – 10 of 34The trip comes as her government continues to contend with tough economic challenges including low foreign exchange (forex) reserves, high inflation and a troubled banking sector…
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DOI: 10.1108/OXAN-DB288141
ISSN: 2633-304X
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The bailout’s second tranche cannot be released until the review is complete. Separately, the government is battling accusations that it is protecting individuals who helped…
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DOI: 10.1108/OXAN-DB282414
ISSN: 2633-304X
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The new agreement envisages a primary surplus of 2% of GDP, a zero general deficit and reserves accumulation of USD10bn; it includes no new funding. However, the widening gap…
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DOI: 10.1108/OXAN-DB284724
ISSN: 2633-304X
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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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The staff-level agreement on the package was announced on June 29, the day before an Extended Fund Facility (EFF) arrangement which Pakistan had with the IMF expired with around…
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DOI: 10.1108/OXAN-DB280730
ISSN: 2633-304X
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SRI LANKA: Latest restructuring move comes with risk
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DOI: 10.1108/OXAN-ES280209
ISSN: 2633-304X
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This is helping to insulate them from immediate political pressures relating to the pandemic crisis, but their hopes for spurring long-term economic recovery depend greatly on…
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DOI: 10.1108/OXAN-DB253198
ISSN: 2633-304X
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EGYPT: Banking rule change may hinder mortgage aims
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DOI: 10.1108/OXAN-ES244136
ISSN: 2633-304X
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However, serious concerns remain about the credibility of Turkey's Central Bank (CBRT), whose refusal to mount an interest rate defence of the lira accentuates the risks posed by…
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DOI: 10.1108/OXAN-DB206415
ISSN: 2633-304X
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As Australia seeks to manage slower demand from China and depressed commodities prices, Prime Minister Malcolm Turnbull has called a 'double dissolution' election for July 2…