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World
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International
7/10/2022 3:42:41 PM
Sri Lanka's prime minister said late last month that the island nation's debt-laden economy had ``collapsed'' as it runs out of money to pay for food and fuel. Short of cash to pay for imports of such necessities and already defaulting on its debt, it is seeking help from neighboring India and China and from the International Monetary Fund.
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World
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Region
7/3/2022 7:36:04 PM
Cash-strapped Sri Lanka on Sunday extended school closures for one week because there isn't enough fuel for teachers and parents to get children to classrooms, and the energy minister appealed to the country's expatriates to send money home through banks to finance new oil purchases.
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War in Ukraine
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Economy
6/28/2022 4:00:36 PM
Russia has defaulted on its foreign debt for the first time since the Bolshevik Revolution more than a century ago, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.
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War in Ukraine
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Economy
6/28/2022 2:39:14 PM
Russia appears to have defaulted on its foreign debt for the first time since the 1917 Bolshevik Revolution, and the U.S. and its allies are taking aim at the former Soviet Union's second-largest export industry after energy, gold.
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War in Ukraine
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Economy
6/28/2022 11:25:10 AM
Moody's ratings agency has confirmed that Russia defaulted on its foreign debt for the first time in a century, after bond holders did not receive $100 million in interest payments.
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War in Ukraine
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Economy
6/26/2022 8:32:41 PM
Russia is poised to default on its foreign debt for the first time since the 1917 Bolshevik Revolution, further alienating the country from the global financial system following sanctions imposed over its war in Ukraine.
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War in Ukraine
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Economy
6/23/2022 4:08:21 PM
Russia has made two interest payments on dollar-denominated debt in rubles, the country's finance ministry said Thursday, as Moscow faces the risk of an external debt default.
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World
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International
6/22/2022 1:22:45 PM
Sri Lanka's debt-laden economy has ``collapsed'' after months of shortages of food, fuel and electricity, its prime minister told lawmakers Wednesday, in comments underscoring the country's dire situation as it seeks help from international lenders.
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Al-Ahram Weekly
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Features
6/21/2022 9:43:28 PM
Sensitive to social pressures, but with limited financial resources, many women in Egypt today may fall into the trap of debt, writes Mai Samih
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Sports
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World
6/17/2022 2:03:25 PM
Barcelona's members have approved a plan to sell portions of the team's television rights and future revenues from merchandise and licensing in hopes of injecting 600 million euros ($631 million) immediately into the debt-ridden Spanish club.
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War in Ukraine
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Economy
5/30/2022 3:38:49 PM
Russia said Monday it may use an arrangement similar to that used for payments for its gas supplies to pay its dollar-denominated foreign debts.
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War in Ukraine
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Economy
5/25/2022 3:45:32 PM
Russia said Wednesday that it will start paying its foreign debt in rubles after the United States ended an exemption allowing Moscow to make the payments in dollars held in Russia.
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Business
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Economy
5/25/2022 3:42:35 PM
From soaring debt to the Ukraine war's impact on food and energy prices, the world is facing "multiple crises", the head of the United Nations Development Programme told AFP.
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Egypt
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Foreign Affairs
5/16/2022 5:19:55 PM
The Russia-Ukraine conflict may increase the debts of many developing countries and widen the annual $3.6 trillion gap in financing needed to achieve the Sustainable Development Goals (SDGs), argued the Unit of Research and Studies at the Forum for Development and Human Rights Dialogue (FDHRD).
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Al-Ahram Weekly
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Egypt
4/30/2022 5:45:00 PM
The reasons behind Egypt’s ballooning foreign debt may be here to stay.
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World
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Region
4/29/2022 2:58:06 PM
Pakistan's newly elected prime minister was visiting Saudi Arabia Friday on his first foreign trip since taking office, an attempt to boost economic relations with the wealthy, oil-rich kingdom as Pakistan struggles with huge debt, soaring inflation and a worsening energy crisis.
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Business
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Economy
4/21/2022 12:44:16 PM
Developing countries, including Egypt, should prioritise development and growth in collaboration with the private sector to deal with elevating debt levels amid the ongoing economic challenges, said Mahmoud Mohieldin, an executive director at the International Monetary Fund (IMF).
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Al-Ahram Weekly
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Economy
4/20/2022 4:06:00 PM
Division Chief in the IMF’s Fiscal Affairs Department Paolo Medas explains how the crisis in Ukraine could affect food prices and debt levels in Egypt and the Middle East region to Al-Ahram Weekly.
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Business
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Economy
4/20/2022 2:47:48 PM
Egypt’s general government gross debt to GDP ratio is expected to jump to 94 percent in 2022, up from 93.5 percent in 2021, before winding down to 89.6 percent in 2023 and then declining to 80.7 percent by 2027, the International Monetary Fund (IMF) said on Wednesday.
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Business
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Economy
4/14/2022 3:19:40 PM
The International Monetary Fund (IMF) will revise down the real GDP growth of 143 economies – accounting for 86 percent of global GDP – following the Russian invasion of Ukraine, IMF Managing Director Kristalina Georgieva said on Thursday.
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