bailout

Authorities’ measures to put a floor under a three-year slump in China’s property sector have disappointed so far.

Shenzhen developer’s bond saga shows limit of state support

A Chinese developer’s repeated extensions on debt repayments despite state backing show the limitations of government help, just as authorities ramp up support for the beleaguered real estate sector.

Wickremesinghe is facing a tricky balancing act: trying to comply with spending and revenue targets set by the IMF, while keeping voters happy ahead of next year’s presidential election.

International

Sri Lanka’s leader boosts civil servants’ pay in election budget

Sri Lanka’s president boosted government workers’ pay and increased state pensions, seeking to shore up support before next year’s election as the economy emerges from its worst crisis in seven decade...

The IMF delegation says that despite early signs of stabilisation, full economic recovery is not yet assured, and growth momentum remains subdued.

International

Sri Lanka fails to seal first review of IMF's bailout, talks to continue

The International Monetary Fund (IMF) said on Wednesday (Sep 27) its staff did not reach a staff-level agreement with Sri Lanka in its first review under a US$2.9 billion bailout package due to a pote...

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