The country with Asia's most distressed sovereign debt could be looking at a painful reset

The South Asian nation is locked in talks with the IMF for emergency-financing aid, after its second longer-term program with the fund in less than a decade expired last Tuesday. It’s shaping up as a classic battle between a political program geared toward goosing growth, and concerns about raising enough money to rein an already-massive debt load.

from International-News-Economic Times https://ift.tt/30jROkQ
via IFTTT

SHARE