Hwang and chief financial officer Patrick Halligan are accused of artificially inflating the fund's portfolio from $1.5 billion to $35 billion in just 12 months

Chinese officials suggested to Colombo they would prefer to refinance the bilateral debt, Media Minister Nalaka Godahewa said on Tuesday

Inflation in Asia is starting to pick up at a time China's economic slowdown is adding to pressure on regional growth, senior IMF official says

China's CSI300 index was close to a 23-month low on Monday, while the Hang Seng dropped 2.8% and the Nikkei fell 1.9%. Oil slipped 2.7%.

IMF said talks in Washington on a 'credible and coherent' economic strategy had been fruitful

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months

The Asia Pacific Loan Market Association (APLMA) found that 54% of its members were expected to take until 2023 to remove references to Libor from their existing loans

The cabinet, including five women, immediately set to work cementing relations with China as it battles a downwards economic spiral

Maha Prasad Adhikari was suspended on April 8 as governor of the central Nepal Rastra Bank by the government, which named his deputy the interim chief

The debt-laden island nation is hoping the IMF can come up with a quick rescue package after its neighbour India lobbied Fund on its behalf

Crisis-hit Sri Lanka has halted all its foreign debt payments so it can use its shrinking hard currency reserves to buy food and fuel

Sri Lanka, hit by its worst economic crisis since independence, has been asking friendly nations including India and China for credit lines, food and energy