Search: For - Debt

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Debt ad Infinitum: Pakistan’s Macroeconomic Catastrophe
May 31, 2023

Debt ad Infinitum: Pakistan’s Macroeconomic Catastrophe

This paper dissects the causes behind Pakistan’s ongoing economic crisis. The causes include dwindling forex reserves, the phenomenon of ‘galloping inflation’, a falling Pakistani Rupee, uncompetitive and undiversified export basket, burgeoning external debt, lack of fiscal prudence, debt distress, and a worsening business environment—all cascading to a balance of payment crisis. While austerity measures, appeals for loan rollover to debt

Debt Burden and a Bijli, Sadak, Paani Budget 
Feb 02, 2022

Debt Burden and a Bijli, Sadak, Paani Budget 

Amid rising debt, government bets that big infrastructure spending is not just growth-enhancing, but also popular

Debt Diplomacy in Action: An Overview of China's Loans and Investments in West Africa
Sep 15, 2023

Debt Diplomacy in Action: An Overview of China's Loans and Investments in West Africa

In recent years, China has increasingly invested in West Africa to further its ambitious Belt and Road Initiative, diversify its supply chains, and acquire critical minerals and raw materials for its domestic industries. Indeed, China sees immense potential in West Africa for the region’s ability to provide a secure supply of critical minerals and energy resources insulated from the West. Beijing is now the region’s largest bilateral trading

Debt restructuring of vulnerable countries
Jun 21, 2023

Debt restructuring of vulnerable countries

Debt for climate swap has the capacity to promote climate action and potentially contribute to macroeconomic stability

Debts and defaults: An assessment of China’s policy banks in Sri Lanka
Jul 25, 2023

Debts and defaults: An assessment of China’s policy banks in Sri Lanka

Beijing's passive approach has encouraged the policy banks to make decisions based on its economic interests thus slowing down Sri Lanka’s debt rest

Busting the myths around Indian households’ debts
May 07, 2024

Busting the myths around Indian households’ debts

Declaring a decline in Indian households' net financial assets without understanding their saving behaviours would be misguided.

China asks Maldives to pay up ‘private loan’, an eye-opener for all debtor-nations?
Jul 30, 2020

China asks Maldives to pay up ‘private loan’, an eye-opener for all debtor-nations?

The Solih government is under tremendous pressure on multiple fronts — the China factor is one on which it may have the least control.

China’s debt trap diplomacy
Aug 03, 2017

China’s debt trap diplomacy

For India, China's growing presence around its periphery will continue to pose challenges.

Chinese narrative on the Sri Lankan debt crisis
Feb 01, 2022

Chinese narrative on the Sri Lankan debt crisis

As the “debt-trap” criticism intensifies, Chinese commentators have proposed their own counternarrative on the Sri Lankan debt crisis

CPEC debts: China concerned after change in government?
Sep 28, 2018

CPEC debts: China concerned after change in government?

The best bet for China is to keep the Pakistan army happy.

Demand-Inducing Stimulus as Covid19 Response: A Case for Debt Monetisation
May 11, 2023

Demand-Inducing Stimulus as Covid19 Response: A Case for Debt Monetisation

As India reels from the economic fallout of Covid-19 despite the announcement of a relief package, calls for a more refined and demand-inducing stimulus have emerged. However, the bleak state of the government’s coffers has left limited fiscal space to act. This brief explains the plausibility of financing a demand-inducing stimulus using debt monetisation as a one-time policy measure. Outlining the criticisms against such proposals and how the

Fallacies in Sri Lanka’s external debt patterns
Jun 21, 2022

Fallacies in Sri Lanka’s external debt patterns

The key contributors to Sri Lanka's current economic crisis is the country's nature of borrowing and foreign debt obligations.

G20’s Debt Service Suspension Initiative: A historical comparison
Jun 28, 2022

G20’s Debt Service Suspension Initiative: A historical comparison

With the rise of global debt levels in recent times, the current requirement of debt restructuring programmes is to ameliorate debt transparency.

India’s current external debt is under control
Sep 16, 2022

India’s current external debt is under control

Although there is no immediate challenge to debt servicing, India cannot afford to be complacent about its external debt amidst the current global eco

India’s G20 Presidency can work to resolve the global debt crisis
Dec 06, 2022

India’s G20 Presidency can work to resolve the global debt crisis

As global borrowing increases across the world, India can make a huge long-term difference in the resolution of the global debt crisis as it takes ove

Invest, Indebt, Incapacitate: Is China Replicating Its ‘Xinjiang Model’ In BRI Countries?
Aug 21, 2020

Invest, Indebt, Incapacitate: Is China Replicating Its ‘Xinjiang Model’ In BRI Countries?

China has been aggressively promoting its Belt and Road Initiative (BRI) through massive investments in participating countries, as a means to further its strategic, economic and political goals. Such a strategy bears striking similarities to its policies in the Xinjiang province. This paper attempts a comparative study between Xinjiang and BRI countries in South and Central Asia to highlight the issues these states will likely face in the coming

Maldives: Achieving debt sustainability might prove difficult
Nov 17, 2022

Maldives: Achieving debt sustainability might prove difficult

Global downturns have made it tricky for the Maldivian government to keep debt financing in check

Odious Debts: A case study of Japan's waiver of Myanmar loan
May 29, 2012

Odious Debts: A case study of Japan's waiver of Myanmar loan

Though the Japanese financial aid to Myanmar was used for purposes other than serving the interests of the people, the debt should be considered odious, and waived off to free the people from the woes of the debt incurred to aid their repression.

Restructuring Sri Lanka’s debt talks
Oct 19, 2022

Restructuring Sri Lanka’s debt talks

There is no doubt that International Monetary Fund (IMF) loans often come with a set of conditionalities that most countries find unfavourable to implement. With its ongoing economic crisis and complex multilateral debt negotiations between creditor nations, Sri Lanka is no exception.

Sri Lanka’s debt limbo
Feb 21, 2023

Sri Lanka’s debt limbo

The current crisis in Sri Lanka presents an opportunity for India to cement its position as Sri Lanka’s strategic all-weather ally and ameliorate it

Strategic crossroads: Maldives’ debt dynamics with China
Mar 15, 2024

Strategic crossroads: Maldives’ debt dynamics with China

The China-Maldives FTA encourages economic cooperation between the two countries, potentially resulting in China's debt share growing to unsustainable

The Search for Sustainable Solutions to Debt Accumulation in Sub-Saharan Africa
Jul 21, 2023

The Search for Sustainable Solutions to Debt Accumulation in Sub-Saharan Africa

Like in some other regions of the world, the COVID-19 pandemic accelerated external debt accumulation in Sub-Saharan Africa (SSA). This could have massive, adverse impacts on growth as governments prioritise debt servicing commitments over key development expenditures such as healthcare and education. For the countries in SSA with relatively lower GDP, this could mean getting caught in a vicious cycle of low output and mounting debt. A pa

Till US debt do us part
May 23, 2023

Till US debt do us part

The impact of a US debt default could cascade across the globe, extending far beyond economic consequences

US Debt Crisis: Viable Recovery Plan Still Missing
Aug 04, 2011

US Debt Crisis: Viable Recovery Plan Still Missing

The negotiations leading to the compromise legislation in the US Congress revealed two interesting trends. One, the increasing influence of the Tea Party Caucus in Republican politics and by extension in the American political system. Second, the absence of effective Presidential leadership in the debt-ceiling debate.

What to do with the potential debt crisis looming over the world?
Mar 04, 2023

What to do with the potential debt crisis looming over the world?

Policy makers in both the OECD and developing countries should use this opportunity to improve the current framework for debt restructuring and crisis

Whose Debt is it Anyway?
Aug 03, 2011

Whose Debt is it Anyway?

Although the successful passing of the Budget deal by the US Senate and the signing of it by President Obama has lead to widespread relief in the country, the looming question of how the close to 15 trillion dollars in accumulated debt is ever going to be repaid still remains unanswered.

Will China's debt wish topple the world economy?
Mar 06, 2019

Will China's debt wish topple the world economy?

Any ambiguity in China’s economic performance will have a seismic effect on the major financial centres across the globe.

Will China create another African debt crisis?
Dec 03, 2020

Will China create another African debt crisis?

After over a decade of unprecedented growth of Chinese finance, Africans are increasingly concerned over rising debt levels.

#Sri Lanka: संकटग्रस्त श्रीलंका का घरेलू और क्षेत्रीय देशों के साथ संबंधों पर असर!
May 31, 2022

#Sri Lanka: संकटग्रस्त श्रीलंका का घरेलू और क्षेत्रीय देशों के साथ संबंधों पर असर!

श्रीलंका में बिगड़ता आर्थिक संकट, अब उस सरकार के ख़िलाफ रा�

2070 पर्यंत शून्य कार्बन उत्सर्जनाचे लक्ष्य कसे साध्य केले जाईल?
Apr 30, 2024

2070 पर्यंत शून्य कार्बन उत्सर्जनाचे लक्ष्य कसे साध्य केले जाईल?

भारताने 2070 पर्यंत शून्य कार्बन उत्सर्जनाचे उद्दिष्ट ठेव�

A double-edged sword: China’s model of development partnerships & the Indo-Pacific
Jul 11, 2023

A double-edged sword: China’s model of development partnerships & the Indo-Pacific

With the launch of its Global Development Initiative in 2021, China is looking to recalibrate and redefine its outlook towards development cooperation

A Green Bank for Global South Climate Finance
Dec 07, 2023

A Green Bank for Global South Climate Finance

A private sector-oriented Global Green Bank is required to overcome the market gaps that prevent Global North capital from flowing to the best decarbonisation investment opportunities among Global South enterprises. The Global Green Bank should operate as a world-class investment firm, capable of developing innovative financial solutions and investing through externally raised investment fund-of-funds and its own proprietary book. Such a Global G

Addressing the SIDS challenge: An India-Australia-SIDS trilateral?
Apr 24, 2024

Addressing the SIDS challenge: An India-Australia-SIDS trilateral?

While India and Australia prioritise cooperation with the SIDS, in the face of current geopolitical competition, the SIDS also gain from fostering a d

Africa’s ascent on the global stage — Can the continent become a cohesive foreign policy actor?
Dec 28, 2020

Africa’s ascent on the global stage — Can the continent become a cohesive foreign policy actor?

African leaders are no longer mincing their words. They are bluntly articulating and asserting their demands from bilateral partners and multilateral

After presidential poll, Maldives hard hit by economic realities
Oct 16, 2023

After presidential poll, Maldives hard hit by economic realities

How Maldives controls its spiralling economic issues under the new leadership remains to be seen

American retrenchment and the Chinese advantage
Feb 06, 2019

American retrenchment and the Chinese advantage

While America firmly takes steps to retreat into its own sphere of influence, it leaves the world with a sizable vacuum to fill. China is one of the c

Angola’s honeymoon with China ends but will that end its woes?
Jul 26, 2022

Angola’s honeymoon with China ends but will that end its woes?

Will Angola be able to develop its economy by improving governance, rooting out corruption, and rebalancing its relationship with China and the West?

Assessing Maldives' shifting trade dynamics
Nov 22, 2023

Assessing Maldives' shifting trade dynamics

Although the FTA fosters further economic collaboration between Maldives and China, it can lead to unmanageable debt levels for the former