Payment due: Pacific islands in the red as debts to China mount
Just over a decade ago, deadly riots in the capital of Tonga, Nuku'alofa, destroyed much of the small Pacific nation's central business and government districts. Out of the rubble, the…
Unhedged debt stock could supercharge euro rise
Euro zone investors who have snapped up over a trillion euros worth of foreign debt without protecting the foreign exchange risk are rethinking that vulnerability because of the currency's hefty…
Dealing with ‘debtocracy’
Total debt servicing increased by around 57 percent during FY 2018-19 compared with last fiscal year which was driven by higher domestic interest payments (on account of rise in domestic…
No debt fictional world
Imagination precedes invention - sure there have been accidental discoveries, but even in such cases, ultimately, someone was pursuing their imagination, albeit for some other objective. To venture a guess,…
No debt fictional world
Imagination precedes invention - sure there have been accidental discoveries, but even in such cases, ultimately, someone was pursuing their imagination, albeit for some other objective. To venture a guess,…
A looming debt crisis
In his article in the New York Times on April 30, 2020, Prime Minister of Ethiopia and the 2019 Nobel Peace Prize winner Abiy Ahmed highlighted the fact that the…
Burgeoning federal govt debt
The SBP has recently released the estimates of the Federal Government debt as of the end of May 2020. This includes all debts which are serviced out of the Federal…
Malaise of mounting debt
The central government’s debt, excluding its liabilities, increased to Rs 34.48 trillion by the end of May 2020—Central Government Debt, State Bank of Pakistan (SBP). In the midst of fighting…
Coronavirus and debt relief
The Managing Director (MD) of the International Monetary Fund (IMF), Kristalina Georgieva, recently made a statement in the meeting G20 finance ministers and central bank governors, in which she highlighted…
Betting on Asia’s debt, Europe’s hunt for yield heads east
Low yields at home are sending some previously shy European investors into Asia’s credit markets, money managers say, lured by the promise of higher returns and a hope that rebounding…
