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Bangladesh has witnessed a sharp decline in foreign loan commitments and disbursements for development projects in the first eight months (July-February) of the current fiscal year, which may overwhelm the foreign exchange reserves further. According to data from the Economic Relations Division (ERD), commitments of foreign aid declined by 63.19% to $1.78 billion in the
Sri Lanka is in talks with India to build an oil pipeline to transport fuel to the Eastern Port of Trincomalee, President Ranil Wickremesinghe had told energy investors, according to a statement from his media office.
Sri Lanka Cabinet of Ministers has approved the signing of a tripartite Memorandum of Understanding (MOU) between Korea’ s Saemaul Undong (New Village) Foundation in order to develop the local rural community in the country, a statement said.
According to the World Bank's International Debt Statistics, by the end of 2020, the largest share of debt to developing nations, amounting to 40 percent of the total loan portfolio, was provided by private Western financial institutions.
CAPITOL HILL, Monrovia – The joint budget committee of the 54th Legislature has demanded all spending entities including line ministries and agencies to submit their performance reports for the past fiscal year as they defend their budget for FY2023.