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Maldives faces an economic crisis with rising debt and external dependencies, making itself vulnerable to competition between India and China

President Macron’s recent visit to Sri Lanka intends to provide a larger diplomatic canvas for both countries to strengthen their geopolitical ties

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

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

As Sri Lanka enters the crucial phase of debt restructuring, it will have to balance its domestic and external pressures

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

Sri Lanka is pushed to the brink as the Chinese delay debt restructuring

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

Renewed proximity with India can help Sri Lanka reduce its dependence on foreign reserves, while giving Delhi the leverage to push for benefits

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

The visit has been mutually beneficial, especially with the signing/renewal of MoUs, adapting the Comprehensive Economic and Maritime Security Partnership vision, and India’s offer of financial assistance.

In April 2022, Sri Lanka’s sovereign debt default —with China being the largest bilateral creditor—trained the spotlight on the impact of Beijing’s lending on Sri Lanka’s economic crisis. Yet, Sri Lanka’s debacle is a result of far more complex, interrelated factors than indebtedness to China. At the same time, there has been a significant rise in servicing of loans from China over the years, and Beijing is indeed an important

श्रीलंकेने भारतासोबत आर्थिक संबंधात दुरुस्ती केल्याने परकीय गंगाजळीवरील अवलंबित्व कमी होण्यास मदत होणार आहे. त्याबरोबरच दिल्लीला लाभ मिळवून देण्यासाठी नक्कीच फायदा �