Fitch Ratings has maintained Ukraine's long-term foreign currency sovereign credit rating at 'RD' (restricted default) as the war with Russ...

Ukraine has finalised a major $20 billion debt restructuring, facilitated by financial adviser Rothschild & Co, to save $11.4 billion over ...

Indian Finance Minister Nirmala Sitharaman, chair and host of the summit in Gandhinagar, began by telling finance leaders of "the responsib...

U.S. Treasury Secretary, Janet Yellen, is set to meet finance ministers from the Group of 20 countries in India, following a trip to Beijin...

Yellen, speaking on the sidelines of a G20 finance minister summit in India, said a "key priority" was "to redouble our support for Ukraine...

As global growth slows, the World Bank previously warned that the outlook is especially tough for the poorest economies -- which face slugg...

In a statement at the end of financial leaders' meet near Bengaluru, India said the statement condemning Russia's war was endorsed by all m...

India's G20 presidency comes at a time when its South Asian neighbours Sri Lanka, Bangladesh and Pakistan are seeking urgent IMF funds due ...

"On debt restructuring, while there are still some disagreements, we now have the global sovereign debt roundtable with consideration of al...

The Feb. 22-25 meeting in the Nandi Hills summer retreat near Bengaluru is the first major event of India's G20 presidency. The meeting str...

U.S. Treasury Secretary Janet Yellen said on Friday that high inflation, tightening monetary policies, currency pressures and capital outfl...

With no sign of peace or a ceasefire on the horizon nearly six months after Russia's invasion began, holders of around 75% of the outstandi...

The Azovstal steelworks suffered heavy damage from Russian bombing and shelling after the sprawling plant became the last bastion of defenc...

Sri Lanka was classified as a middle-income country at the start of the pandemic. Sitharaman argued that given the nature of Sri Lanka's ec...

A country is considered to have defaulted on its debt when it is unable to honour its financial commitments on time with its creditors. The...

Putin called Tuesday on the International Monetary Fund (IMF) to lend an additional $3 billion to Ukraine to help the ex-Soviet country pay...

The shortfall comes after Ukraine's gross domestic product (GDP) fell by 5.3% in the third quarter of 2014 as the country, the State Statis...