Provincial-level governments in China are mounted with $13 trillion of debt but also account for about two-thirds of the country's science and technology expenditure

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's newly appointed finance chief said

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP on China's financial work

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new plots of land and provide some revenue

Alongside additional support from China this will mean all funding requirements have been met, President Ranil Wickremesinghe said

A new IMF bailout package is urgently needed to aid Pakistan's economic recovery from devastating floods last year

The Export-Import Bank of China has offered to ease Sri Lanka's financial woes with a two-year moratorium on its debt repayments

China's holdings of US government debt fell to $980.8 billion in May, the lowest since May 2010. Yields of US Treasuries slid about 15 basis points during the month.

The company plans to sell bonds to brokerages and lenders to foot the bill of expanding the reach of its rail network from about 40,000 km now to 70,000 km by 2035

Colombo has called in financial advisers Lazard as it prepares to renegotiate its complex web of creditors, including bilateral loans from Japan, India and China

The average ratio of public debt to gross domestic product—a key measure of a country’s fiscal health—rose to a record 67% last year in emerging market countries

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months