Sri Lanka Default Hints At Trouble Ahead For Developing Nations

Sri Lanka’s impending default on $12.6 billion of overseas bonds is flashing a warning sign to investors in other developing nations that surging inflation is set to take a painful toll. The South Asian nation is set to blow through the grace period on $78 million of payments Wednesday, marking its first sovereign debt default since it gained independence from Britain in 1948.

Topics:  the south asian    ldquo;the sri lanka   guido chamorro   pictet asset management   sri lankan   india&rsquo   widespread   international monetary   fund   blackrock inc   ashmore   group   ukraine   belarus   salvador&rsquo   april   s&p global ratings   fitch ratings   moody&rsquo   investors service   imf the   president gotabaya rajapaksa   mahinda rajapaksa    ldquo;we   lanka,&rdquo   matthew vogel   london-based   fim   partners   risk   replication   as sri lanka   federal reserve    ldquo;they   trang nguyen   jpmorgan chase    co   us treasuries   tunisia   peru   ethiopia   ghana    ldquo;sri lanka   brendan mckenna   wells fargo   new york   ronojoy mazumdar   lilian karunungan   liau   y-sing   lanka&rsquo   sri    sri lanka   sri lanka   el    the   bloomberg   egypt   pakistan   debt   emerging   billion   government   bonds   cents   markets   inflation   including   higher   payments   dollar   wednesday   food   country   crisis   year   sign   deep   borrowing   period   economic   currency   leading   declare   crises   month   million   grace   holders   distressed   warning   sovereign   situation   frontier   protests   costs   violent   war   central   difficult   civil   political   economies   creditors   world   rates   nation’s   social   struggles   turmoil   minister   countries   
BING NEWS:
  • The Island
    The International Monetary Fund (IMF) has expressed its readiness to assist Sri Lanka in its negotiations with international bondholders, according... Rain ultimately had the final say in the first ...
    04/18/2024 - 1:00 pm | View Link
  • Cheap Manchester to Sri Lanka flights
    The cheapest flight from Manchester to Sri Lanka costs £464. Explore the different prices of flights from Manchester to Sri Lanka and find the best option for you. When is it the cheapest time to fly ...
    04/17/2024 - 1:00 pm | View Link
  • How to Call Sri Lanka From Canada
    To make a direct call to Sri Lanka From Canada, you need to follow the international dialing format given below. The dialing format is same for calling Sri Lanka mobile or land line from Canada. To ...
    04/16/2024 - 1:01 pm | View Link
  • Colombo, Sri Lanka
    Night - Partly cloudy. Winds from S to SSE. The overnight low will be 79 °F (26.1 °C). Cloudy with a high of 90 °F (32.2 °C) and a 51% chance of precipitation. Winds variable at 3 to 9 mph (4. ...
    04/16/2024 - 1:01 pm | View Link
  • Sri Lanka fails to agree restructuring terms with bondholders
    COLOMBO (Reuters) -- Sri Lanka has failed to strike an agreement ... hurting its efforts to emerge from default.
    04/16/2024 - 9:03 am | View Link
  • More

 

Welcome to Wopular!

Welcome to Wopular

Wopular is an online newspaper rack, giving you a summary view of the top headlines from the top news sites.

Senh Duong (Founder)
Wopular, MWB, RottenTomatoes

Subscribe to Wopular's RSS Fan Wopular on Facebook Follow Wopular on Twitter Follow Wopular on Google Plus

MoviesWithButter : Our Sister Site

More News