Seoul, April 9 – South Korean President Lee Jae Myung said on Thursday that it is time for the nation to fundamentally change its economic system, as rising oil prices and inflationary pressures from the war in the Middle East have dampened prospects for an economic recovery.However, Lee urged...
cheong wa dae
crisis management
economic growth
economic policy
economicrecoveryeconomic system
government
inflation
koo yun-cheol
lee jae myung
middle east conflict
national economic advisory council
oil prices
policy
south korea
Washington, April 9 – The World Bank says that Bangladesh’s economy is expected to experience a gradual recovery after a period of slowdown, supported by improving domestic demand and stabilizing conditions.Growth is projected at 3.9 per cent in the fiscal year 2025-26, reflecting the impact...
bangladesh economy
banking sector
currency depreciation
current account
economicrecovery
exports
fiscal year 2025-26
inflation
investment
macroeconomic challenges
non-performing loans
political stability
ready-made garments
south asia
world bank
New Delhi, April 7 – Debt-ridden Pakistan is facing a dire financial situation as it must repay $3.5 billion to the United Arab Emirates this month.The repayment, confirmed by a senior cabinet minister during a press briefing, as reported by Pakistan’s Express Tribune, comes at a time when...
Damascus, April 5 – Syrian authorities announced that a key border crossing with Lebanon would be temporarily closed due to security concerns following warnings from Israel of possible strikes on the area.The General Authority for Land and Sea Borders and Crossings said on Saturday (local...
Colombo/Washington, April 3 Sri Lanka and the World Bank Group have launched a new five-year partnership aimed at supporting the island nation's economic recovery and boosting private investment, according to a joint announcement.A new five-year Country Partnership Framework (CPF) has been...
agriculture
country partnership framework
cyclone ditwah
disaster resilience
economic growth
economicrecovery
infrastructure investment
job creation
port of colombo
private investment
renewable energy
south asia
sri lanka
tourism
world bank
In New Delhi, on April 1, the Parliament passed amendments to the insolvency law to expedite the resolution of struggling companies and reduce the backlog of cases. Finance Minister Nirmala Sitharaman emphasized that the goal is not to liquidate companies, but to help them operate with...
New Delhi, March 24 – The Central Committee of Nepal’s Rastriya Swatantra Party (RSP), which won the general election on March 5, is scheduled to meet on Thursday afternoon to elect its Parliamentary Party leader, according to reports from Kathmandu.The party is likely to nominate the...
anti-corruption
balendra shah
climate change
economicrecovery
fiscal discipline
gen z protests
india-china relations
infrastructure development
job creation
kathmandu
nepal
parliamentary party leader
public sector reform
rabi lamichhane
rastriya swatantra party
Seoul, March 12 – South Korean President Lee Jae Myung instructed his aides on Thursday to quickly prepare an additional budget to help stabilize people's livelihoods and promote economic recovery, as the nation's economy braces for the impact of escalating conflict in the Middle East.Lee made...
agricultural subsidies
economic policy
economicrecoveryeconomic stability
fiscal policy
fuel subsidies
government response
investment pledge
middle east conflict
national assembly
president lee jae myung
public utility fees
south korea
supplementary budget
united states
March 10, New Delhi – India’s UN Ambassador, P. Harish, addressed the United Nations Security Council on the situation in Afghanistan.He strongly criticized what he termed “trade and transit terrorism,” making a veiled reference to Pakistan, and urged the international community to protect the...
afghanistan
afghanistan economy
diplomacy
economic coercion
economicrecovery
international relations
landlocked countries
new delhi
p. harish
pakistan
security council
trade
transit
un ambassador
united nations security council
February 27, New Delhi – The International Monetary Fund (IMF) has approved a $8.1 billion, four-year loan for Ukraine, of which $1.5 billion would be immediately disbursed.The new loan will help Kyiv maintain economic stability and ensure continued public spending.Ukraine's Prime Minister...
balance of payments
budget shortfall
economicrecoveryeconomic stability
european union
financial assistance
international monetary fund
kristalina georgieva
kyiv
loan
public spending
reconstruction
ukraine
yulia svyrydenko
Colombo, Feb 23 Indian tourists visiting Sri Lanka have steadily increased over the past three years, further solidifying India's position as the largest source of foreign visitors.While Indian tourists accounted for 17 per cent of total arrivals in 2022, their share rose to 22.5 per cent in...
Colombo, February 14 The International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, will visit Sri Lanka for two days, starting from February 16, the global lender announced.This will be her first visit to the island nation since Sri Lanka entered an IMF bailout in March 2023...
cyclone ditwah
economic crisis
economicrecovery
financial assistance
government reform
imf bailout
international monetary fund
island nations
kristalina georgieva
national people's power
ranil wickremesinghe
rapid finance program
recovery financing
sovereign default
sri lanka
Dhaka, February 13 Tarique Rahman, who lived in London in self-exile for 17 years, has emerged as the new face of Bangladesh, with the party founded by his father set to return to power after a 20-year gap.The 60-year-old leader's Bangladesh Nationalist Party (BNP) has won 209 out of 297...