A Citibank analysis of global financial conditions shows Asian financial markets have tightened less than in the US and most Asian currencies have gained ground against the US dollar
The US-led banking turmoil is driving money into Asian assets, with investors betting that China and the region’s emerging economies are in a better position to weather the fallout.
Bloomberg – Sri Lanka will have to undergo debt restructuring as strongly suggested by the International Monetary Fund in order to secure financing from creditors, according to Citigroup Global Markets. The prescription follows IMF’s observation that fiscal consolidation efforts alone to pare debt to safe levels would be too large to be economically and politically.