Bangladesh has so far avoided a public debt default, but clear warning signs demand immediate and strategic action to safeguard the country’s fiscal sustainability, according to the latest outlook by the Asian Development Bank.

With exports failing to keep up, rising repayments have crossed IMF risk thresholds

"Now, and for the rest of this decade, China will be more debt collector than banker to the developing world"

Higher inflation, debt crisis and severe commodity price shocks are some of the major economic risks Bangladesh may face in the upcoming years, a new survey of executives warned.

The United Nations' Development Programme (UNDP) joined on Tuesday the chorus of institutions and charities warning that a serious debt crisis is now taking hold in the poorest parts of the world.

Five-time former Sri Lankan Prime Minister Ranil Wickremesinghe will be reappointed on Thursday in an effort to bring stability to the island nation, engulfed in a political and economic crisis, a party official said.

Chinese Ambassador to Bangladesh Li Jiming today (May 11, 2022) reiterated that Bangladesh is not in any Chinese debt trap.

Sri Lanka’s defence ministry yesterday ordered troops to shoot on sight people involved in looting or damaging property, a day after mobs targeted the homes of ruling-party politicians.

India today said its economic assistance to Sri Lanka, facing its worst economic crisis since independence in 1948, stands at more than USD three billion this year, so far, and is instrumental in addressing diverse needs of the government and people of Sri Lanka.

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

The International Monetary Fund lowers its 2015 global economic growth forecast warning of the risk of "financial stress" in Europe from the Greek debt crisis.