Saturday, 22 January 2022

Tag Archives: bailout

Cathay Pacific proposes $5 billion bailout

HONG KONG: Financially battered Hong Kong airline Cathay Pacific Airways has proposed the government help fund a 39 billion Hong Kong dollar ($5 billion) recapitalization plan to help it survive the coronavirus pandemic. Cathay Pacific said in a stock exchange filing on Tuesday that the plan calls for it to ...

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Sri Lanka Asks IMF To Revive Suspended $1.5-Billion Bailout

Pedestrians walk past the International Monetary Fund headquarters' complex in Washington Sunday, May 2, 2010. A senior International Monetary Fund official says the IMF's executive board is meeting in Washington to consider how much aid to grant Athens under a massive rescue loan package.

COLOMBO: Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation’s political crisis late last year, the finance ministry said Wednesday. In October, President Maithripala Sirisena sparked weeks of high political drama, even featuring brawls in parliament, by sacking Ranil Wickremesinghe ...

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Sri Lanka stabilising after $1.5 billion bailout: IMF

COLOMBO:  Sri Lanka’s economy has begun to stabilise after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday. The Washington-based International Monetary Fund said it had just concluded its first review of Sri Lanka’s economy after announcing ...

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