On the surface, calm has returned to Sri Lanka since the South Asian nation plunged into political chaos and virtual bankruptcy last summer. Gone are the fuel lines that snaked […]
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Back to news homeIn Global Slowdown, China Holds Sway Over Countries’ Fates
BEIJING — When Suriname couldn’t make its debt payments, a Chinese state bank seized the money from one of the South American country’s accounts.As Pakistan has struggled to cope with […]
Debt-Stricken Sri Lanka Reaches Initial Deal for I.M.F. Bailout
COLOMBO, Sri Lanka — Sri Lanka and the International Monetary Fund on Thursday reached a preliminary agreement on a bailout package as the bankrupt island nation tries to rebuild trust […]