Latest Reserve assets News

Sri Lanka seeks Chinese debt restructuring amid crisis

Jan. 09, 2022 12:32 PM EST

COLOMBO, Sri Lanka (AP) — The president of debt-ridden Sri Lanka on Sunday asked China for the restructuring of its loans and access to preferential credit for imports of essential goods, as the island nation struggles in the throes of its worst economic crisis, partly due to Beijing-financed...

Editorial Roundup: U.S.

Dec. 29, 2021 12:53 PM EST

Excerpts from recent editorials in the United States and abroad: Dec. 27 The Pittsburgh Post-Gazette on remembering Desmond Tutu, a moral giant: With the passing of Archbishop Desmond Tutu, the world celebrates a moral giant who helped lead South Africa...

Argentina squeezes foreign travel to protect its dollars

Nov. 26, 2021 15:07 PM EST

BUENOS AIRES, Argentina (AP) — Argentina's government launched measures on Friday to discourage foreign travel as a way to protect the country's thin dollar reserves ahead of heavy debt payments. The Central Bank banned use of credit card installment payments for...

Sri Lanka heeds protests, lifts ban on agrochemical imports

Nov. 24, 2021 10:46 AM EST

COLOMBO, Sri Lanka (AP) — Sri Lanka's government has withdrawn a ban on imports of agrochemicals that it said was aimed at encouraging organic cultivation. Agriculture Minister Mahindananda Aluthgamage announced on Wednesday the revocation of the ban, which took effect...

Pakistan: Saudi Arabia to deposit $3 billion with state bank

Oct. 27, 2021 04:24 AM EDT

ISLAMABAD (AP) — Pakistan said Wednesday that Saudi Arabia will deposit $3 billion into its central bank to help bolster the cash-strapped fellow Islamic nation’s shrinking foreign reserves. Shaukat Tarin, Pakistan's top finance ministry official, also said on Twitter...