Reliance on imported fossil fuels has helped bankrupt Sri Lanka and now it doesn’t have the money to transition to renewables …
Nepal to go to polls in November as economic alarms ring
The situation has parallels with Sri Lanka, and concerns are mounting that Nepal could eventually find itself in a similar plight to the South Asian island nation whose president …
After Sri Lanka, Economic Crisis Looming on Pakistan? Country’s Finance Minister Warns ‘Bad Days Ahead’
The new Pakistan government has slashed a raft of subsidies to meet the demands of global financial institutions but risks the wrath of an electorate already struggling under the weight of …
After Sri Lanka, Economic Crisis Looming on Pakistan? Country’s Finance Minister Warns ‘Bad Days Ahead’
The new Pakistan government has slashed a raft of subsidies to meet the demands of global financial institutions but risks the wrath of an electorate already struggling under the weight of …
The State of the Nation: Why Malaysia is unlikely to go bankrupt like Sri Lanka but cannot afford debt like Singapore
A country’s ability to borrow cannot be determined solely by the headline debt to gross domestic product (GDP) figure; it also needs to take into account more pertinent factors like debt affordability …
The State of the Nation: Why Malaysia is unlikely to go bankrupt like Sri Lanka but cannot afford debt like Singapore
A country’s ability to borrow cannot be determined solely by the headline debt to gross domestic product (GDP) figure; it also needs to take into account more pertinent factors like debt affordability …
China raises hope for emerging market debt
China’s commitment to restructure the $6 billion it is owed by Zambia is a good sign for Sri Lanka and others that have borrowed heavily from Beijing. In April, the People’s Republic joined the …
No question of India getting into recession or stagflation: Sitharaman
Despite all adversities, India is the fastest growing economy in the world, says Nirmala Sitharaman.Sitharaman said the comparisons made by the opposition to the economic situation in Sri Lanka and Pa …
The Folly of Pakistan’s China Gamble
Including Sri Lanka, 42 middle- and low-income countries, such as Djibouti, Kyrgyzstan, Laos, and Zambia, have reportedly taken on significant debt obligations to China worth over ten percent of GDP.
Lanka can’t afford fossil fuels but can’t afford to get off them either
That same economic crisis is now making it harder than ever for Sri Lanka to develop a renewable industry, energy experts and business owners say.On 31 March, protesters marched on president Gotabaya …