Economic Crisis

IMF’s $3 Billion Bailout Programme for Sri Lanka

March 23, 2023

On March 20, the International Monetary Fund (IMF) cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, aimed at restoring macroeconomic stability, safeguarding financial stability, and unlocking the nation’s growth potential. Sri Lanka defaulted on its foreign debt in ..

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Pakistan receives $700 million from China

February 25, 2023

The foreign exchange reserves of Pakistan fell to 2.9 billion USD. It is now slowly rising to 4 billion USD. The cash injection was the need of the moment for Pakistan. And China stepped in offering 700 million USD to ..

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US Fed: Wall Street Bank Stress Test scenarios

February 10, 2023

The Federal Reserve of the United States is to create a hypothetical scenario of economic crisis. This is being done to check if the top-performing banks in the country shall survive the economic crisis. There are 23 big banks in ..

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IMF 4.7 billion USD support program for Bangladesh

January 31, 2023

The Bangladesh Government has been facing several macroeconomic issues. The country holds a huge current account deficit. The value of the Taka, the currency of Bangladesh has been declining. Foreign Exchange reserves of the country have been decreasing. To help ..

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India’s Unemployment Rate Reaches Highest Level in 16 Months

January 2, 2023

According to data from the Centre for Monitoring Indian Economy (CMIE), India’s unemployment rate reached 8.30% in December, the highest level in 16 months. This marks an increase from the 8.00% recorded in November. The urban unemployment rate also saw ..

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Sub-Saharan Africa’s Debt Burden at Record High

December 10, 2022

According to the International Debt Report 2022 by the World Bank, debt of low and middle-income countries in Sub-Saharan Africa (SSA) surged to a record high of 789 billion USD in 2021. What are the key findings of the report? ..

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