Page 3 - Fiscal Risks News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Developing countries face massive infrastructure needs, but public spending on infrastructure is inadequate, and public investment has been declining in recent years. Rising debt levels and tightening fiscal and monetary conditions are putting further pressure on the funds available for infrastructure, heightening the importance of increasing the efficiency of infrastructure spending. Off the Books: Understanding and Mitigating the Fiscal Risks of Infrastructure shows that however governments deliver infrastructure—through direct public provision, state-owned enterprises (SOEs), or publi...

Sri Lanka plans to abolish land grants to plantations companies and give lands to the people, President Ranil Wickremesinghe has said according to a statement by his media office.

The delay in the International Monetary Fund (IMF) Board approval on a $2.9 billion loan for Sri Lanka is not only due to a dragging Chinese debt restructuring talks, a top official who is directly involved with the debt restructuring negotiation said.

Standard and Poor's has downgraded Pakistan to 'CCC+' as the country continued to loses reserves and the currency fell to new historic lows under a 'flexible' exchange rate.

Local-level coffers are running low in some parts of China as the government sticks with its restrictive zero-Covid policy, and there are rising concerns that public services could be adversely affected.