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Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
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China To Send More Pandas To San Diego Zoo In US
China said Thursday it had signed agreements to send pandas to a zoo in San Diego, after nearly all the beloved black-and-white animals on loan in the United States were returned during years of diplomatic tensions.
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Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
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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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IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
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Desperate For Bailout, Pak To Seek US Help For Staff-Level Deal With IMF
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources.
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Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
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Pakistan PM Hopeful Of Early Settlement With IMF To Unlock Foreign Loans
Pakistan Prime Minister Shehbaz Sharif on Friday expressed hope for an early agreement with the IMF to unlock the much-needed foreign loans, a day after the global lender announced its plan to send a staff mission to the cash-strapped nation.
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Cash-Strapped Pakistan To Get $2.3 Billion From China Under Loan Agreement
To cope up with country's dwindling cash reserves, a loan of USD 2.3 billion from a Chinese consortium of banks to Pakistan is expected within a "couple of days".
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Crisis-Hit Sri Lanka Seeks $55 Million Loan From India To Buy Fertilizers
Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.
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Hero Electric Partners With RevFin; To Finance And Lease 2.50 Lakh Electric Scooters Over The Next 3 Years
Both companies have inked an agreement to jointly finance and lease 2.50 lakh electric two-wheelers over the next three years and collaborate with multiple e-commerce, logistics, and fleet operations companies to fulfill the objective.
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Salvadorans Show Support for Bitcoin Despite International Monetary Fund Criticism
Karen Hernandez sells mobile phone accessories in El Salvador and says business has been through the roof since the country started using Bitcoin as legal tender.
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Uganda's Struggle To Keep Its Only Airport From Chinese Takeover
Uganda is seeking to amend a loan agreement it signed with China in 2015 to ensure the government doesn't lose control of the nation's only international airport, the Monitor newspaper reported, citing people with knowledge of the matter.
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Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
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Asian Development Bank's $484 Million Loan For Chennai-Kanyakumari Industrial Corridor
An agreement has been signed between the Asian Development Bank (ADB) and the government, an official release on Wednesday.
-
Pakistan, IMF Reach Agreement Over $1.1 Billion Payment: Report
The International Monetary Fund on Wednesday said it had reached a staff level agreement with Pakistan, which if approved by its board, will disburse $1.1 billion for the indebted South Asian economy also saddled with a balance of payment crisis.
-
China To Send More Pandas To San Diego Zoo In US
China said Thursday it had signed agreements to send pandas to a zoo in San Diego, after nearly all the beloved black-and-white animals on loan in the United States were returned during years of diplomatic tensions.
-
Byju's, Lenders Renew Talks in Bid to Restructure Startup's Debt Load
Byju's and some of its lenders have restarted negotiations in a bid to restructure its $1.2 billion term loan after the Indian education-technology firm breached certain terms of its debt agreement, according to people familiar with the situation.
-
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.
-
IMF Negates Cash-Strapped Pak's Claim Of Meeting Loan Conditions: Report
The IMF has rejected the cash-strapped Pakistan government's claim that it has met all the conditions to reach an agreement with the global financial body to release funds under an already agreed loan facility, according to a media report.
-
Desperate For Bailout, Pak To Seek US Help For Staff-Level Deal With IMF
Following the delay in the staff-level agreement with the International Monetary Fund (IMF), Pakistan has decided to seek US help for the revival of the stalled loan programme, ARY News reported, citing sources.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
Pakistan PM Hopeful Of Early Settlement With IMF To Unlock Foreign Loans
Pakistan Prime Minister Shehbaz Sharif on Friday expressed hope for an early agreement with the IMF to unlock the much-needed foreign loans, a day after the global lender announced its plan to send a staff mission to the cash-strapped nation.
-
Cash-Strapped Pakistan To Get $2.3 Billion From China Under Loan Agreement
To cope up with country's dwindling cash reserves, a loan of USD 2.3 billion from a Chinese consortium of banks to Pakistan is expected within a "couple of days".
-
Crisis-Hit Sri Lanka Seeks $55 Million Loan From India To Buy Fertilizers
Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.
-
Hero Electric Partners With RevFin; To Finance And Lease 2.50 Lakh Electric Scooters Over The Next 3 Years
Both companies have inked an agreement to jointly finance and lease 2.50 lakh electric two-wheelers over the next three years and collaborate with multiple e-commerce, logistics, and fleet operations companies to fulfill the objective.
-
Salvadorans Show Support for Bitcoin Despite International Monetary Fund Criticism
Karen Hernandez sells mobile phone accessories in El Salvador and says business has been through the roof since the country started using Bitcoin as legal tender.
-
Uganda's Struggle To Keep Its Only Airport From Chinese Takeover
Uganda is seeking to amend a loan agreement it signed with China in 2015 to ensure the government doesn't lose control of the nation's only international airport, the Monitor newspaper reported, citing people with knowledge of the matter.
-
Sri Lanka Signs $308 Million-Loan Agreement With China
Sri Lanka on Tuesday signed a loan agreement with China worth 2 billion Renminbi (USD 308 million) to support its COVID-19 response, economic revival and financial stability, the Chinese embassy said.
-
Asian Development Bank's $484 Million Loan For Chennai-Kanyakumari Industrial Corridor
An agreement has been signed between the Asian Development Bank (ADB) and the government, an official release on Wednesday.
