Public Debt

China Asks Local Governments Not to Use Tech Funds to Pay Debt

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

3 months ago

China to Issue More Government Bonds to Tackle Debt Crisis

Some new local government debt quotas for 2024 have been issued in advance to reasonably ensure local financing needs, China's…

6 months ago

China Set to Tighten Hold on Crackdown-Hit Finance Sector

At a twice-a-decade financial policy meeting this week, Beijing vowed to uphold the centralised and unified leadership of the CCP…

6 months ago

China Asks Banks to Roll Over $13tn Local Debt at Lower Rates

China's deepening property crisis has added to the pressure on local municipalities, with developers in no shape to buy new…

6 months ago

Sri Lanka Closes in on $2.9-Billion IMF Loan and China Support

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

1 year ago

Pakistan Kicks Off Talks With IMF on Crucial Funding Package

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

1 year ago

China Offers Troubled Sri Lanka Relief on Debt Repayments

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

1 year ago

China and Japan Slash Holdings of US Treasuries in May

China's holdings of US government debt fell to $980.8 billion in May, the lowest since May 2010. Yields of US…

2 years ago

China Railway’s Debt Balloons to Close to $900bn – Nikkei

The company plans to sell bonds to brokerages and lenders to foot the bill of expanding the reach of its…

2 years ago

Sri Lanka Creditors Form Group for Debt Restructuring Talks

Colombo has called in financial advisers Lazard as it prepares to renegotiate its complex web of creditors, including bilateral loans…

2 years ago

IMF Sounds Alarm on Emerging-Market Debt Crisis

The average ratio of public debt to gross domestic product—a key measure of a country’s fiscal health—rose to a record…

2 years ago

UN Group Pitches Basic Income Proposal to Sri Lanka – FT

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

2 years ago