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According to a debt sustainability analysis published by the IMF in May, Laos is in debt distress. Years of rapid growth in borrowing to fund infrastructure development…
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DOI: 10.1108/OXAN-DB280381
ISSN: 2633-304X
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Securing 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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Issues such as soaring inflation, currency depreciation and debt repayment problems are having a major impact on the economy. The World Bank estimates that GDP grew by 3.7% in…
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DOI: 10.1108/OXAN-DB287447
ISSN: 2633-304X
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Prospects for emerging economies in 2016.
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DOI: 10.1108/OXAN-DB206634
ISSN: 2633-304X
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Fiscal and debt stabilisation plans.
Prime Minister Ranil Wickremesinghe, only appointed in May, has also said he will quit. Wickremesinghe has played a key role in talks with the IMF over a desperately needed…
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DOI: 10.1108/OXAN-DB271412
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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The government has locked the country down for four weeks and legislated to borrow up 52 million dollars (30.7 million US dollars), equivalent to 17% of GDP. The Reserve Bank of…
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DOI: 10.1108/OXAN-DB251716
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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Prospects for China's economy in 2020.