Debt

President Muizzu stated that India will continue to remain the Maldives' "closest ally" and emphasized that there was no question about it.

"Without significant policy changes, the overall fiscal deficits and public debt are projected to stay elevated, and the Maldives remains at high risk of external and overall debt distress", the IMF stated in its report.

Punjab is in the midst of a dire economic crisis, with its debt to GSDP ratio is highest among states, and has breached the 50 per cent mark.

Pakistan needs to repay a massive USD 77.5 billion in external debt from April 2023 to June 2026.

Gautam Adani plans to divest shares of Ambuja Cement to raise roughly $450 mn and reduce debts on the group.

Sri Lanka postpones school exams in western province as they don't have papers to print the question papers

China has been using "debt-trap diplomacy" to wield outsize influence on borrowing countries and coerce them into coughing up physical and illegal assets.

After Pakistan and Sri Lanka, Venezuela appears to be the latest in the list of nations staggering under the shadow of China’s crippling debts.

ICRA Limited reported that the average toll collection, prior to the protests, was around ₹7 crores each day.

It must be mentioned that UAE had also announced $3 billion worth of deferred oil payments for Pakistan but soon cancelled it.