Nepal turns to citizens abroad to help build forex reserves | Business and Economy News
Remittances by overseas workers constitute nearly a quarter of the economy and are crucial for external payments. Nepal is asking
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Debt
Sri Lanka looks to IMF for an immediate bail out | Business and Economy News
A Sri Lankan delegation is headed to Washington next week, looking to secure up to $4 billion from the International
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Sri Lanka to suspend foreign debt payments | Business and Economy News
Colombo has taken the step as foreign reserves needed to pay for imports of essentials like medicines and food dwindle.
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Sri Lanka hopeful for $2.5bn rescue loan from China | Business and Economy News
The country’s top diplomat said China has reassured him that arrangements for loans, credit lines were underway. By Bloomberg NewsBloomberg Published
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White House to move to blunt effect of medical debt on home loans | Debt News
Loan eligibility would no longer include what applicants, including veterans, owe for past medical services. By Justin Sink and Nancy CookBloomberg Published On
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Has India’s central bank avoided tackling high inflation? | Business and Economy News
New Delhi, India–The Reserve Bank of India (RBI) stands apart as a rare example of a central bank today that
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Has India’s central bank avoided tackling high inflation? | Business and Economy News
New Delhi, India–The Reserve Bank of India (RBI) stands apart as a rare example of a central bank today that
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US Treasury blocks Russian bond payments, raising risk of default | Russia-Ukraine war News
The decision further complicates Russia’s attempts to keep meeting debt obligations amid the sanctions imposed after it invaded Ukraine. Russia’s efforts to
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Indian government helps central bank to circumvent inflation law | Business and Economy News
New Delhi, India – The Indian government did not apply the law when the country’s central bank breached the 2020
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Tourism in Sri Lanka: One step forward, two steps back | Business and Economy News
Colombo, Sri Lanka – Tourism in Sri Lanka just can’t seem to catch a break. Three years ago, the number
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