Economy
Pakistan has a debt problem and China is making itunmanageable
The ongoing political and economic turmoil in Pakistan has made the country vulnerable to several crises. One of them is the mounting debt
Debt
Economy
US calls China a “spoiler” as China still “cold” over restructuring its debt to Sri Lanka
US Envoy to Sri Lanka Julie Chung made a scathing remark recently that China is a ‘spoiler’ as it is holding up Sri Lanka’s application for the USD 2.9 billion International Monetary Fund (IMF) bailout, a dire need for the...
Politics
Political Vacuum and Chaos Loom as Lebanon PM Steps Down
Popular demonstrations and nationwide sit-ins in Lebanon gained rejuvenated momentum today as Prime Minister Saad al Hariri handed his cabinet’s resignation to President Michel Aoun shortly after 3 pm GMT. Hariri earlier in the day announced his intention to the...
Economy
Will External Debt Uplift or Submerge Emerging Regions?
World Bank data shows an increasing trend of indebtedness in the world’s emerging regions since 2012. Will this debt be a precursor to higher development, or instead to a decline? The trends of debt owed to foreign lenders by four...
Economy
Can Imran Khan Prevent Pakistan from the Debt Trap?
Pakistan is in the midst of a severe debt trap that is threatening the very fabric of the nation. With debt growing from China and the IMF and Pakistan’s resentment over the China–Pakistan Economic Corridor (CPEC) projects, the Imran Khan-led...
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