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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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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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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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The elections, resulting in a fractured mandate and marred by allegations of rigging, have increased polarisation. Separately, Pakistan’s nine-month, roughly USD3bn Stand-By…
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DOI: 10.1108/OXAN-DB285381
ISSN: 2633-304X
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SRI LANKA: Making rhetoric a reality will be tough
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DOI: 10.1108/OXAN-ES266779
ISSN: 2633-304X
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Impact of COVID-19 on Sri Lanka's debt situation.
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DOI: 10.1108/OXAN-DB252254
ISSN: 2633-304X
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The country is struggling with a widening current account deficit and debt problems associated with mega investment projects. The National Unity Government (NUG) signed a free…
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DOI: 10.1108/OXAN-DB239401
ISSN: 2633-304X
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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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At a plenary meeting in October, the FATF urged Islamabad to complete a remedial action plan by February 2021. Previous threats to relegate Pakistan to a ‘blacklist’, which would…
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DOI: 10.1108/OXAN-DB258000
ISSN: 2633-304X
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Shortly before Azhar replaced Abdul Hafeez Shaikh in the post, the IMF announced resumption of Pakistan’s stalled Extended Fund Facility (EFF) programme. The loan was agreed in…