The Sri Lankan Cabinet of Ministers has approved a proposal to issue domestic dollar-denominated bonds as a debt instrument, a government spokesman said on Tuesday. Cabinet spokesman Nalinda Jayatissa stated that the decision was made as foreign exchange inflows into the country have increased, th
The International Monetary Fund said on Tuesday it has reached a staff-level agreement with Pakistan on its loan programme, which would allow the country to access $1.2 billion after approval from the fund's board. The IMF will provide Pakistan $1 billion under its Extended Fund Facility and $200
The International Monetary Fund (IMF) has urged countries to resolve trade disputes, maintain financial stability, and implement key reforms to ensure sustainable global economic growth. In its latest assessment, the IMF said the world economy stands at a crossroads. Despite resilience over the pa
China will slap port fees on US-owned, operated, built, or flagged vessels on Tuesday as a countermeasure to US port fees on China-linked ships starting the same day, China's transport ministry said on Friday. Later in the day, US President Donald Trump said he was raising tariffs on Chinese expor
US President Donald Trump revived the trade war against Beijing on Friday, ending an uneasy truce between the two largest economies with promises to sharply hike tariffs in a reprisal against China, curbing its critical mineral exports. The president unveiled additional levies of 100 per cent on C
International development funding pattern is now shifting from the government-centred initiatives to the private sector, social business, and other models of finance, according to David Engerman, a Professor of History at Yale University, USA. "My active conclusion is that the era of development i
South Asian nations, including Bangladesh, have achieved decades of steady economic growth yet failed to stem the widening gap between rich and poor, said Professor Rehman Sobhan, Chairman of the Centre for Policy Dialogue (CPD). Speaking at a seminar in Dhaka on Tuesday, he warned that inequality
The World Bank has lifted its growth outlook for the region encompassing the Middle East, North Africa, Afghanistan and Pakistan for 2025, though trimmed its forecast for next year, citing conflict and lower oil production in Iran and Libya. The Washington-based lender said it now expected regiona
U.S. President Donald Trump announced Monday that a 25 percent tariff on imported medium- and heavy-duty trucks will take effect on Nov. 1. "Beginning November 1st, 2025, all Medium and Heavy Duty Trucks coming into the United States from other Countries will be Tariffed at the Rate of 25 percent,
Greece expects its economy to grow faster in 2026, outperforming Europe's major economies, thanks to higher investment and robust consumer spending, the government's 2026 draft budget showed on Monday. The government expects economic output to rise 2.4 per cent next year following expansion of 2.2
Asia excluding China has attracted about $100 billion in capital inflows over the past nine months as global investors diversify beyond the US, said Kevin Sneader, Goldman Sachs' president for Asia-Pacific ex-Japan, on Wednesday. “There is incremental flow in this part of the world,” S
Canada's monthly gross domestic product rebounded from three months of contraction to grow by 0.2 per cent in July as mining, manufacturing and wholesale trade boosted growth, data showed on Friday. Canada's GDP had shrunk in the second quarter by 1.6 per cent annualized and economists were closel
Adoption of Artificial Intelligence (Al) could help reducing trade costs, boost productivity and expand participation in global markets at a time of increasingly complex trading environment. The net result will be a boost in the value of cross-border flows of goods and services by nearly 40 per ce
