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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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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

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.

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.

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

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

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

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

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.

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

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.

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

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

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

भारताने 2070 पर्यंत शून्य कार्बन उत्सर्जनाचे उद्दिष्ट ठेव�

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

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

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

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

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

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

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

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