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DEBT CRISIS NEWS

BRI’s debt trap and China’s expanding footprint

May 30, 2025 7:25 pm

One can only hope that BRI financing focuses on sustainability and deliverability in the coming future, especially because in the first quarter of 2025, global debt has reached a record high of $324 trillion

Facing harassment from loan sharks, businessman attempts to end life

October 15, 2024 4:18 am

Police said the man runs a textile business. However, for the last few months, his business had not been doing well and he was unable to pay installments for a loan.

The pandemic halted commerce, erased incomes and created supply chain chaos that caused shortages of everything from semiconductors to sneakers. Later, as life returned to normal, factories and retailers were unable to match the pent-up demand, boosting prices. debt

Political unrest worldwide is fueled by high prices and huge debts

July 05, 2024 9:05 pm

In recent months, economic fears have set off protests around the world that have sometimes turned violent, including in high-income countries with stable economies like Poland and Belgium, as well as those struggling with out-of-control debt, like Argentina, Pakistan, Tunisia, Angola and Sri Lanka.

EU states facing legal action over excessive debt

June 19, 2024 5:15 pm

Highly indebted EU countries with debt levels over 90% of GDP have to reduce their debt ratio by one percentage point annually.

Maldives faces high debt distress: World Bank warns

June 12, 2024 6:43 pm

According to the Ministry of Finance's Quarterly Debt Bulletin for Quarter 1, 2024 published on June 1, the public and publicly guaranteed (PPG) debt has risen to USD 8.2 billion – which is 110 per cent of the Maldives' GDP.

How bad is Pakistan's debt crisis and can the IMF save it?

February 14, 2024 6:32 pm

Pakistan's foreign exchange reserves stand at roughly $8 billion which barely covers two months of essential imports.

In FY23, household savings plunged to 5.1 per cent of GDP, from 11.5 per cent in FY21, a 50-year low, and 7.6 per cent in FY20, which was not the pandemic period.

Household debt doubles in FY23, savings more than halves to 5.15% of GDP

September 21, 2023 4:47 pm

The net financial savings of households plunged by close to 55 per cent in FY23 to 5.1 per cent of GDP, and their indebtedness more than doubled to Rs 15.6 lakh crore from FY21, primarily led by massive borrowings from banks, shows an analysis of latest official numbers.