Sri Lanka's Debt Restructuring Is Hurting Older Women by Nisha Arunatilake
Nisha Arunatilake shows how the country’s balance-of-payments crisis has exacerbated the gender pension gap.
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Nisha Arunatilake shows how the country’s balance-of-payments crisis has exacerbated the gender pension gap.
Vedanta Resources had last week received investor consent to restructure about $3.8 billion of its outstanding corporate bonds. Moody’s said the company is likely to face material liquidity issues over the coming 24 months and the risk of default risk remains high
The government has urged Taeyoung Group to implement additional self-rescue measures for its financially troubled construction subsidiary, Taeyoung Engineering & Construction (E&C). This move is seen as essential for the conglomerate to rebuild trust with creditors and secure their agreement on a debt-restructuring plan.
The company had last year proposed a restructuring of four series of bonds maturing in 2024, 2025, and 2026 to alleviate its substantial debt liability
Ukraine has agreed with creditors from the G7 and the Paris Club to extend debt restructuring to 2027, the Ministry of Finance announced on Dec. 21.