China has announced a significant plan to address its mounting local government debt. The plan involves swapping hidden debt, primarily acc...

China has unveiled an $839 billion program to address local government debt by raising the debt ceiling and issuing special bonds. This mea...

Pakistan has asked China for an additional 10 billion yuan loan. The country has already used its current 30 billion yuan trade facility. T...

China is considering allowing local authorities to issue up to 6 trillion yuan in bonds through 2027 to refinance off-balance-sheet debt. T...

India has warned countries in the Indian Ocean region to be cautious of "hidden agendas" and unsustainable debt in development projects, in...

There is always a twist in the China playbook, which strengthens the suspicion of a larger political motive behind financial dealings. For ...

The deal is on hold because Sri Lanka has run short of the required amount of reserves. The swap deal enables Sri Lanka to borrow Chinese c...

The situation remains fraught, and few investors have forgotten the money market blow-ups during the 2008 global financial crisis, the 2011...

In the wake of depleting foreign exchange reserves, Sri Lanka rupee is putting pressure on the balance of payments, The Leader reported quo...

The swap agreement has been approved by the Cabinet of Ministers with the recommendation of the Monetary Board of CBSL. Governors of the tw...

The 26.75-km long Matara-Beliatta railway extension is the first to be constructed in Sri Lanka since 1948.

Foreign Ministry spokesman Geng Shuang told the media here that Beijing has an "open attitude" regarding India's investments in the island ...

The funds unlocked from the reserve ratio cut shouldn’t be used to support so-called zombie companies.

Chinese Foreign Minister Wang Yi said that China is willing to enhance cooperation with Sri Lanka within the framework of the Belt and Road...

China's debt calculation is open and transparent and the risks remain controllable, he was quoted as saying by state-run Xinhua news agency.

China is stepping up its role as the lender of last resort to some of the world’s most financially strapped countries.

Brazil, Russia, India and China (BRIC) have raised $131.1 billion from debt markets in the year so far, while India’s share stands at just ...