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Maldives President Thanks India For Debt Relief, Hopes For Free Trade Deal
Maldives President Mohamed Muizzu thanked India for its support of the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.
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Sri Lanka Seals Debt Deal As It Recovers From 2022 Financial Crash
Sri Lanka said on Wednesday it had clinched a restructuring deal with India, China, and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.
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Pak Man Uses Solar Panels To Charge Mobile Due To Electricity Shortage
As the country deals with circular debt, a young man in Pakistan, who runs a mobile charging shop in a Sukkar village, started using solar panels to get power as the problem of electricity shortage rises across the nation, reported ARY News.
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Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
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China In Mind, S Jaishankar Brings Up Maritime Laws, Debt At Indian Ocean Meet
External Affairs Minister S Jaishankar on Friday called for shoring up engagement among countries of Indian Ocean region to confront challenges like safeguarding sovereignty, dealing with cases of disregard to maritime laws and flouting of pacts.
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IMF's Debt Dilemma Looms After Pak Election: Central Bank's Ex Governor
The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
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Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
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IMF And Pakistan Forge $3 Billion Stand-By Deal To Aid Economic Stability
Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.
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"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
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US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
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Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
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US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
-
Maldives President Thanks India For Debt Relief, Hopes For Free Trade Deal
Maldives President Mohamed Muizzu thanked India for its support of the island nation in easing its debt repayment and affirmed hope that New Delhi and Male would forge stronger ties and sign a free trade agreement.
-
Sri Lanka Seals Debt Deal As It Recovers From 2022 Financial Crash
Sri Lanka said on Wednesday it had clinched a restructuring deal with India, China, and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.
-
Pak Man Uses Solar Panels To Charge Mobile Due To Electricity Shortage
As the country deals with circular debt, a young man in Pakistan, who runs a mobile charging shop in a Sukkar village, started using solar panels to get power as the problem of electricity shortage rises across the nation, reported ARY News.
-
Explained: How Bad Is Pakistan's Debt Crisis And Can It Be Saved
Negotiations on a new government in Pakistan have allayed immediate fears of instability in the nuclear-armed nation following inconclusive elections last week, but the risk of a full-scale economic crisis remains.
-
China In Mind, S Jaishankar Brings Up Maritime Laws, Debt At Indian Ocean Meet
External Affairs Minister S Jaishankar on Friday called for shoring up engagement among countries of Indian Ocean region to confront challenges like safeguarding sovereignty, dealing with cases of disregard to maritime laws and flouting of pacts.
-
IMF's Debt Dilemma Looms After Pak Election: Central Bank's Ex Governor
The International Monetary Fund faces tough choices on how to deal with Pakistan after the February election and how to assess the country's debt situation, a former central bank governor of the South Asian nation said.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka Confirms Major Debt Deal With China
The terms of the restructuring agreed upon will provide the space for Sri Lanka to implement its reform agenda.
-
Debt Default, Shutdown Deals Led To Kevin McCarthy's Ouster As US Speaker
Republican Kevin McCarthy rode the tiger of far-right US politics led by Donald Trump to achieve his dream of becoming House speaker early this year. Then on Tuesday, the tiger turned and ate him.
-
IMF And Pakistan Forge $3 Billion Stand-By Deal To Aid Economic Stability
Pakistan could get temporary relief for its ballooning foreign debt with a new stand-by arrangement worth $3 billion announced by the IMF in Washington on Thursday.
-
"Big Win For Americans": Biden On Debt Deal That Averts First-Ever Default
US President Joe Biden welcomed Thursday's vote by the Senate to raise the national debt limit through 2024 and avert a first ever default as a "big win" for Americans.
-
US Averts First-Ever Default As Congress Passes Debt Deal
US senators voted to suspend the federal debt limit on Thursday, eliminating the threat of a disastrous credit default just four days ahead of the deadline set by the Treasury.
-
Joe Biden And Kevin McCarthy - The Odd Couple Who Saved US Economy
Like bomb squad technicians who just snipped the last wire on a ticking device, Joe Biden and top Republican Kevin McCarthy are breathing a sigh of relief after reaching a deal on the US debt ceiling.
-
US House Passes Debt Ceiling Deal, Bill Now Moves To Senate
US lawmakers voted to raise the national borrowing limit as a crucial first step to averting a catastrophic default, greenlighting a pact struck between Washington's warring parties after weeks of brinkmanship and fraught backroom deal-making.
-
US Debt Ceiling Deal: Key Takeaways
President Joe Biden and House Republicans have reached a deal to raise the government's debt ceiling and avert a devastating default.
