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The Pakistani rupee is expected to fall by another 20%, according to some economists, who are raising alarms about a catastrophic plunge. Bond managers are facing the possibility of a sovereign default as a result of the heightened tensions following Imran Khan's detention last week, which may make the $6.7 billion rescue offered by the International Monetary Fund (IMF) even more improbable
Behind the scenes is China’s reluctance to forgive debt and its extreme secrecy about how much money it has loaned and on what terms, which has kept other major lenders from stepping in to help.
Behind the scenes, China's unwillingness to erase debt and its extraordinary secrecy about how much money it has provided and on what circumstances has prevented other large lenders from stepping in to assist
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest
A dozen poor countries are facing economic instability and even collapse under the weight of hundreds of billions of dollars in foreign loans, much of them from the world’s biggest