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COLOMBO (News 1st); Sri Lanka has entered into a bilateral agreement with Denmark as part of its ongoing external debt restructuring process. This milestone underscores Colombo’s unwavering commitment to achieving debt sustainability and revitalizing its economy. The agreement follows extensive bilateral discussions after Sri Lanka concluded a Memorandum of Understanding (MoU) with the Official Creditor…
COLOMBO (News 1st); Sri Lanka has entered into a bilateral agreement with Denmark as part of its ongoing external debt restructuring process. This milestone underscores Colombo’s unwavering commitment to achieving debt sustainability and revitalizing its economy. The agreement follows extensive bilateral discussions after Sri Lanka concluded a Memorandum of Understanding (MoU) with the Official Creditor…
Please note that by blocking any or all cookies you may not have access to certain features, content or personalization. For more information see our Cookie Policy. To enable cookies, follow the instructions for your browser below. Facebook App: Open links in External Browser There is a specific issue with the Facebook in-app browser intermittently…
Johannesburg: South Africa will host the G20 summit this weekend, aiming to secure commitments on debt relief for developing countries and to tackle global inequalities as the United States boycotts the event. US President Donald Trump, who has clashed with South Africa over its G20 agenda, is skipping the summit amid a wider US retreat…
Mediation in India is an accepted non-adversarial alternative dispute resolution to settle disputes between parties. The introduction of it in the Indian insolvency regime for corporate insolvency or liquidation wherein complex commercial issues arise is the need of the hour in order to curtail litigation, promote entrepreneurship, enforce business relationship and ensure that there is…
Failed hospitality tycoon Jon Adgemis funded his luxury lifestyle with credit cards and money flowing through his collapsed pub empire, according to a new bankruptcy report detailing the businessman’s complex financial dealings and mounting debts. Adgemis, once in control of 22 pubs and hotels across Sydney and Melbourne and now burdened with $1.8bn in debt,…
“Zimbabwe’s history of hyperinflation and failed monetary experiments means it remains highly dollarized. The U.S. dollar is the main medium of exchange, while the share of ZiG in monetary aggregates is small at around 17%. Prices are rarely quoted in ZiG, and salaries and goods and services transactions are typically either fully or partially paid in U.S. dollars.” While stabilizing inflation is…