Category World

COLOMBO, Aug. 29 (Xinhua) — Fitch Ratings on Thursday downgraded Maldives’ Long-Term Foreign-Currency Issuer Default Rating (IDR) to “CC” from “CCC+”. Issuing a press release, the leading provider of credit ratings said this downgrade reflects the company’s assessment that intensified…

NAIROBI, Aug. 22 (Xinhua) — Nearly 63 million people across the Horn of Africa region are grappling with dire food insecurity while 11 million children are acutely malnourished and in need of humanitarian assistance, an East African bloc said in…

COLOMBO, July 30 (Xinhua) — Sri Lanka’s budget deficit was reduced by about 63.8 percent in the first five months of this year compared to the corresponding period of last year, said a state minister on Tuesday. State Minister of…