IMF funding hopes lift Pakistan stocks, bonds
Pakistan’s stocks, sovereign bonds and currency were lifted on Friday by growing hopes that the country can unlock funding from the International Monetary Fund
Source: gulftoday.ae
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Sri Lanka Vows Independent Monetary Policy After Record Hike
Sri Lanka’s central bank raised borrowing costs by 700 basis points amid economic and political turmoil that has engulfed the nation and left President Gotabaya Rajapaksa with a minority in parliament.
Source: bloombergquint.com
Sri Lanka unilaterally suspends external debt payments, says it needs money for essentials
By Uditha Jayasinghe and Jorgelina do Rosario
Source: gazette.com
Sri Lanka Unilaterally Suspends External Debt Payments, Says Needs Money for Essentials
Sri Lanka's central bank governor said the suspension of payment would be until the country came to an agreement with creditors and with the support of a loan programme with the International Monetary Fund.
Source: thewire.in
Battered Sri Lanka Bondholders Eye How Much They Might Get Back
(Bloomberg) -- The Sri Lankan government’s decision to halt debt payments in the face of growing political turmoil has sent investors scurrying to figure out just how much they might recover on $12.6 billion of foreign bonds -- and whether there’s profit to be made.
Source: bloombergquint.com