Tag Archive for: "debt"
The fall of Sri Lanka’s house of Rajapaksa

For nearly two decades, the four Rajapaksa brothers and their sons have run Sri Lanka like a family business—and a disorderly one, at that. With their grand construction projects and spendthrift ways, they saddled Sri …

Japan at risk of economic downgrade

Japan’s sovereign credit rating could fall one to three notches in the coming decade if the government does not implement a credible fiscal consolidation plan. This risk, which the ASEAN+3 Macroeconomic Research Office highlighted in …