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Global Public Debt To Hit Record $100 Trillion: International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said, warning that the fiscal outlook for many countries may even be "worse than expected."
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China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
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China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
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Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
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"States' Debt Affects Country's Rating": Centre On Kerala Borrowing Curbs
Uncontrolled borrowing by states would affect the credit rating of the whole country and the fiscal edifice of Kerala has been diagnosed with "several cracks", the Centre has told the Supreme Court.
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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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"India Still Below 2002 Debt Level": Finance Ministry On IMF Report
Following reports of the International Monetary Fund cautioning India on alleged government debt vulnerabilities, the Centre on Friday said that certain presumptions have been made, which do not reflect the factual position.
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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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"Will Send Details Of How Borrowed Funds Used": Bhagwant Mann To Governor
Punjab Chief Minister Bhagwant Mann on Monday said his government will give Governor Banwarilal Purohit an account on the money spent out of the debt it raised, and took a swipe at him for not seeking details on borrowings from previous governments.
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Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
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Returned Rs 27,000 Crore To Investors: Franklin Templeton On Shut Schemes
Franklin Templeton Mutual Fund (MF) today said it has returned over Rs 27,000 crore to unit holders of six shuttered debt schemes till date.
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Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
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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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Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
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Explained: What Is China's Position On Debt Restructuring For Poor Nations?
China's Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt burdens and free up funding for climate financing.
-
Global Public Debt To Hit Record $100 Trillion: International Monetary Fund
Global public debt is expected to reach a record $100 trillion this year, the IMF said, warning that the fiscal outlook for many countries may even be "worse than expected."
-
China Pledges Another $51 Billion For Debt-Distressed Africa - New Debt Trap?
Chinese President Xi Jinping today pledged to step up China's support across the debt-distressed African continent with funding of nearly $51 billion, backing for more infrastructure initiatives and a promise to create at least 1 million jobs.
-
China, Saudi, UAE Agree To Roll Over Pak's $12 Billion Debt For A Year
China, Saudi Arabia and the UAE have agreed to roll over cash-strapped Pakistan's $12 billion debt for one year, as the International Monetary Fund (IMF) is likely to approve its $7 billion bailout package later this month.
-
Pakistan To Seek $6 Billion In New IMF Loan Program: Report
Pakistan plans to seek a new loan of at least $6 billion from the International Monetary Fund to help the incoming government repay billions in debt due this year, Bloomberg News reported on Thursday, citing a Pakistani official.
-
"States' Debt Affects Country's Rating": Centre On Kerala Borrowing Curbs
Uncontrolled borrowing by states would affect the credit rating of the whole country and the fiscal edifice of Kerala has been diagnosed with "several cracks", the Centre has told the Supreme Court.
-
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.
-
"India Still Below 2002 Debt Level": Finance Ministry On IMF Report
Following reports of the International Monetary Fund cautioning India on alleged government debt vulnerabilities, the Centre on Friday said that certain presumptions have been made, which do not reflect the factual position.
-
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.
-
"Will Send Details Of How Borrowed Funds Used": Bhagwant Mann To Governor
Punjab Chief Minister Bhagwant Mann on Monday said his government will give Governor Banwarilal Purohit an account on the money spent out of the debt it raised, and took a swipe at him for not seeking details on borrowings from previous governments.
-
Explained: The Funding Bill That Attempts To Avert US Government Shutdown
The US Senate on Tuesday introduced a short-term funding bill to avert a partial government shutdown that can result in thousands of federal workers losing jobs.
-
Returned Rs 27,000 Crore To Investors: Franklin Templeton On Shut Schemes
Franklin Templeton Mutual Fund (MF) today said it has returned over Rs 27,000 crore to unit holders of six shuttered debt schemes till date.
-
Pak Politics Seen Key To Deliver On Last-Gasp $3 Billion IMF Bailout
Pakistan won vital breathing space from a potential debt default thanks to a draft agreement with the International Monetary Fund, but political stability will prove key to the South Asian economy in coming months.
-
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.
-
Byju's in Talks With Potential New Backers to Raise $1 Billion in Funding Amid Shareholder Revolt
Byju’s is in advanced talks with prospective new shareholders for a $1 billion (roughly Rs. 8,200 crore) fundraising round, seeking to stave off attempts by some investors to clip founder Byju Raveendran’s control over the beleaguered tech startup.
-
Explained: What Is China's Position On Debt Restructuring For Poor Nations?
China's Premier Li Qiang and dozens of world leaders will meet in Paris on Thursday and Friday to discuss ways to help low-income countries manage their debt burdens and free up funding for climate financing.
