Page 30 - Economic Crisis

Sri Lanka seeks IMF help as FM leaves for India to sign $1 bn bailout deal

Sri Lanka's economy was facing 'mounting challenges' with public debt reaching 'unsustainable levels', the IMF has said earlier this month

Sri Lankan finance minister to visit India today hoping to seal $1 bn LoC

Amid the worsening economic situation in his country, Sri Lankan Finance Minister Basil Rajapaksa will begin his India visit on Tuesday, hoping to seal a USD 1 billion line of credit (LoC).

I didn't join politics to check prices of 'aloo & tamatar': Imran Khan

Khan said he didn't join politics to check prices of aloo & tamatar, as he attacked oppositions for tabling no confidence motion against him, accusing him for mismanaging economy amid rising inflation

Lanka set to finalise another credit line for essential items with India

Sri Lanka is set to finalise another credit facility with India for food, medicine and other essential items which would help the island nation facing the worst economic crisis in decades

Global giants which have exited Russia

BP, Shell, General Motors, Ford, Volkswagen, Nike and Netflix are among the companies that have suspended their operations in Russia over its invasion of Ukraine. The list is getting longer by the day

TMS Ep124: Economic challenges, exit Russia, markets, NATO

How could crude oil challenges shock Indian economy? Which are the corporate giants that have exited Russia? Will the state election results be a non-event for markets? What is NATO? All answers here

Funds running dry in Afghanistan but economic crisis continues: UN agency

Underlining the need for more humanitarian assistance in Afghanistan, the food-assistance branch of the United Nations, has once again raised concern about the growing multifold crisis in the country

IPCC report 2022: Climate change and its economic consequences

The IPCC report 2022 released on Monday warned that if emissions are not cut rapidly, heat and humidity will create conditions beyond human tolerance. Its economic impact could also be as devastating

Pak embassies in US, Europe struggle to pay dues due to economic crisis

Pakistan's severe economic crisis is giving a blow to its embassies overseas, especially in Europe and the US, with missions finding it difficult to even pay their staff and service providers.

Sri Lanka open to discussions with IMF as economic situation worsens

Sri Lanka is open to discussions with the IMF and other multilateral lenders for assistance, a cabinet spokesman said on Tuesday, as it faces its worst economic crisis in years.

Afghanistan crisis: What did billions in aid accomplish in 20 years?

For two decades, Afghanistan's economic development aid largely funded education, health, governance reforms and infrastructure - including schools, hospitals, roads and other construction projects.

PML-N urges unrest over economic mess, says Imran govt costing Pak billions

"To get rid of this tyrannical government, the entire nation must get out of their homes and take decisive action," PML-N said.

Taliban preparing to reveal new Afghan govt amid economic turmoil

The Islamist movement's supreme leader, Haibatullah Akhundzada, is expected to have ultimate power over a governing council, with a president below him, a senior Taliban official said last month

Afghanistan central banker sees currency drop, capital controls

The Afghani, as the tender is known, likely will see renewed weakness after it reached a record low last week, Ajmal Ahmady, governor of Da Afghanistan Bank, known as DAB, said in an interview

US won't ease ban on remittances to Cuba amid unrest over economy: Biden

US President Joe Biden said his administration will not ease restrictions on remittances sent from US residents to relatives in Cuba because Cuban government will likely confiscate the money

India's June WPI inflation eases to 12.07% despite rise in fuel prices

India's annual wholesale price inflation eased to 12.07% in June from the previous month's record of 12.94%, despite a spike in costs of fuel and manufactured goods

Covid-19 created employment crisis, 'all countries have suffered': ILO

UN agency predicts uneven economic recovery in second half of 2021, but newly created jobs will be of low quality.

Help nations to prevent health crisis from becoming eco crisis: FM to ADB

India asked multilateral lending institutions like Asian Development Bank to extend support to developing countries to prevent the Covid-induced health crisis from turning into economic catastrophe

Range of global issues to be discussed at QUAD summit: White House

The maiden QUAD summit, involving leaders from Australia, India, Japan and the US, will discuss a variety of global issues ranging from Covid-19, economic crisis and climate change, White House said

Budget for the victims: Some silent crises for Ms Sitharaman to address

A consumption boost through continued pay-outs for another year to those at the bottom of the pyramid, and still more money for the employee guarantee scheme should be in order, writes T N Ninan