IMF says it needs assurances from Sri Lanka’s creditors
The country’s debt burden is considered ‘unsustainable’ leading the lender to seek assurances from creditorsThe International Monetary Fund (IMF) has said it will need “adequate…
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Pakistan, IMF say bailout talks making progress
The two sides have agreed on the budget and fiscal measures but still need to agree on a set of monetary targets.Key progress has been made in talks on the revival of Pakistan’s…
IMF team arrives in Sri Lanka as crisis worsens
Colombo hopes the IMF visit, overlapping with debt restructuring talks, will yield a quick staff-level agreement.An International Monetary Fund (IMF) team arrives in Sri Lanka on…
Sri Lanka president vows to finish term
Gotabaya Rajapaksa says he won’t stand for re-election but wants to fix the financial mess rather than ‘go as a failed president’.President Gotabaya Rajapaksa vowed to finish the…
Pakistan says IMF is only resort, shut out of bond markets
Finance minister said that several countries are ready to offer help, but first want Islamabad to secure funds from IMF.By Faseeh MangiBloombergPublished On 30 May 202230 May…
Former tennis ace Boris Becker jailed over UK bankruptcy case
Six-time Grand Slam champion said his $50m career earnings were swallowed up by ‘expensive divorce’ and debts.German tennis great Boris Becker has been sentenced to two and a half…
Reliance abandons plans to buy Indian retailer amid challenges
Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover.By Suvashree GhoshBloombergPublished On 25 Apr 202225 Apr…