Paraguayan President Santiago Peña has resigned after parliament initiated impeachment proceedings against him over alleged irregularities linked to the collapse of Ueno Bank, a financial crisis that has triggered protests and left
As reported earlier, the U.S. International Development Finance Corporation (DFC) today announced that it has committed more than half a billion dollars to support the development of a deepwater shipping container terminal
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Sri Lanka has been grappling with unforeseen challenges for several decades, some argue since gaining independence in 1948. We were ill-prepared to manage our recent escalating debt burden, which left us off-balance,
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The Ceylon Chamber of Commerce called for a new economic model focused on export-led investment and tourism, and facilitating the private sector as the engine of growth to build a sustainable business
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by Nivedita Mukherjee India will work closely with Sri Lanka on discussions regarding debt restructuring as well as on the path of its economic recovery, with greater collaboration in promotion of digital
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With the conclusion on Tuesday of the closely watched central financial work conference, China has outlined future priorities and directions for the pursuit of the country’s high-quality financial development. China will remain
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The 10th anniversary of the Belt and Road Initiative (BRI) in Beijing on October 18, 2023, witnessed the usual smiles and handshakes. But China’s economic landscape, dependent on robust supply chain networks, is facing
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CEO of the Future Investment Initiative (FII) Institute Richard Attias said he is optimistic about the long-term growth of the global economy despite the current turbulence around the world. During the just
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Socialism is capitalism’s critical shadow. When lights shift, a shadow may seem to disappear, but sooner or later, with further shifts of light, it comes back. Capitalism’s ideologues have long fantasized that
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Class struggles interact with but are different from power struggles. The ancient conflicts between city-states Athens and Sparta were power struggles, while within each, slaves and enslavers engaged in class struggles. Britain
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The International Monetary Fund (IMF) and the World Bank began their annual meetings in the Moroccan city of Marrakesh on October 9. Finance ministers and central bank governors from 190 countries are
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“Oil palm is one of the world’s most prominent and effective vegetable oils globally, and is contributing 40 percent of global trade volume in vegetable oils,” said Beatriz Fernandez, who manages the United Nations
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The International Monetary Fund (IMF) has issued a stern and uncompromising call to action. In its recently unveiled Governance Diagnostic Assessment (GDA) on Sri Lanka, the IMF has laid bare a stark
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Two interesting things happened at the BRICS summit in South Africa in August. Several new members were invited to join BRICS in 2024: Argentina, Egypt, Ethiopia, Iran, Saudi Arabia, and the UAE.
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In a final installment on Thursday night, Sri Lanka made a payment of approximately $50 million, accompanied by $4.5 million in accrued interest, as confirmed by a senior official from the Bangladesh
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Artificial Intelligence (AI) presents a profit opportunity for capitalists, but it presents a crucial choice for the working class. Because the working class is the majority, that crucial choice confronts society as
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