IMF and Foreign Debt Sri Lanka entered into negotiations with the International Monetary Fund (IMF) as it was unable to repay around $ 7 billion in foreign debt due in the year 2022. The country’s total foreign debt exceeds $ 51 billion of which $ 28 billion has to be repaid by the year 2027.
Largest Wheat Importer The population of Egypt, the most populous Arab state, is around 104 million and to put things in perspective is perhaps the worlds biggest importer of wheat. The impact of the conflict in Ukraine and subsequent hiking of interest rates, accompanied by a surge in global energy prices compelling foreign investment to
Sanctions & Disruption of Energy Supply Chain Courtesy The Japan Times After the conflict in Ukraine erupted Russian supply of oil and piped gas to the European Union got severely disrupted. The US and EU imposed sanctions as well as a price cap on Russian crude. The ostensible purpose seems to be to curb Russia's
