Debt restructuring is one of the prerequisites of the IMF's bailout package for Sri Lanka. The process is, however, getting delayed due to Sri Lanka's dire situation and a delay in concrete commitment from China, the island nation's largest bilateral lender. Sri Lanka seems to be missing its December deadline.
A recent academic study published in the journal One Earth reveals that there are environmental downsides to China's coastal infrastructure and projects. Africa is the worst affected by these projects. The marine habitats in Caribbean Island nations also face high risk.
The World Bank has in its latest report on Djibouti, stated that in 2022, Djibouti's debt servicing costs tripled to USD 184 million from USD 54 million in 2021. A further increase to USD 266 million has been predicted for 2023.
Andamlak Belihu is no stranger to India, having won the renowned Delhi Half Marathon in 2018 and 2019, and finishing second in 2020 in 58:54 after recording the third-fastest time ever in the Indian capital.
Jaishankar said India's security and economic well-being is inextricably linked to the sea and maritime security is a prerequisite with more than 90 per cent of the country's trade with the world taking place through sea routes and more than 80 per cent of hydrocarbon requirements being seaborne.
Dhankhar, who was on a two-day visit to Qatar at the invitation of Emir of the State Sheikh Tamim bin Hamad Al Thani attended the opening ceremony of the FIFA World Cup Qatar 2022 on Sunday.
Vice President Jagdeep Dhankhar on Sunday met world leaders on the sidelines of FIFA World Cup Qatar 2022 Doha: Vice President Jagdeep Dhankhar on Sunday met world leaders on the sidelines of FIFA World Cup Qatar 2022. “Hon’ble Vice President, Shri Jagdeep Dhankhar meeting with world leaders on the sidelines...
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As the global economy is moving towards recession, African countries, where China has leveraged lopsided loans for geopolitical gain, are in debt distress and need alternatives fast.
Shanghai [China], November 5 (ANI/PRNewswire): The China International Import Expo, which has been widely hailed as the premiere platform for foreign businesses to tap into the myriad opportunities in the Chinese market, will be held in Shanghai for the fifth time from Nov 5 to 10.