カテゴリー: Debt relief
Group of 120 experts including Joseph Stiglitz urge fresh debt restructuring plan given scale of destructionA group of the world’s top economists – including the Nobel prize winner Joseph Stiglitz – have called for Sri Lanka’s debt payments to be suspe…
Vulnerable countries to pay record $22bn this year, mostly relating to loans issued under Xi Jinping’s belt and road initiativeThe most vulnerable nations on Earth are facing a “tidal wave” of debt repayments as a Chinese lending boom starts to be call…
Anura Kumara Dissanayake wants a better deal from the IMF to reduce suffering during the country’s punishing debt crisisSri Lanka is at a historic juncture. Faced with its worst economic crisis since the Great Depression and having defaulted on its ext…
The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says Maria Finnerty of CafodThe Guardian is right to identify the global sovereign debt crisis as one of the most critical impediments to su…
Exclusive: 182 experts say only debt cancellation offers chance of recovery but private investors are playing hardballSome of the world’s most powerful hedge funds and other investors are holding up vital help for crisis-hit Sri Lanka by their hardline…
Foreign capital flees poorer countries at the first sign of instability. The pandemic and Ukraine war ensure there is plenty of that aroundThis January, even before Sanjana Mudalige’s salary as a sales worker in a shopping mall in Colombo, Sri Lanka, w…
The south Asian country is the first to buckle under economic pressures compounded by Russia’s war on Ukraine, but it won’t be the lastThe departure of Sri Lanka’s prime minister, Mahinda Rajapaksa, follows weeks of protest and a deepening crisis. Ther…
While the pandemic has not led to a jump in unemployment, its impact on the over-50s and public sector staff is particularly troublingAt first glance, the UK jobs market is in rude health. The unemployment rate is back to where it was before the Covid …