Search For "economic crisis sri lanka"
Sri Lankan economy records positive growth for first time since crisis
Updated : 2 years, 5 months ago IST
The Sri Lankan Gross Domestic Product (GDP) for the third quarter of 2023 recorded a 1.6 per cent growth as compared to the same period a year ago, according to the Census and Statistics Department.
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IMF Executive Board approves USD 3 billion under New Extended Fund Facilit
Updated : 3 years, 2 months ago IST
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant challenges stemming from pre-existing vulnerabilities and policy missteps in the lead-up to the crisis, further aggravated by a series of external shocks, according to a release
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 4 months ago IST
The economic turmoil in Pakistan has reached alarmingly close to that of Sri Lanka, which had faced a similar situation prior to its default. Pakistan is now standing at the same juncture. Merely a few days or weeks at the most are left for the imminent disaster if some kind of a miracle doe
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India extends aid worth USD 3.9 billion to help Sri Lanka face of economic
Updated : 3 years, 4 months ago IST
India's EXIM bank and State bank of India, for the import of essential commodities, extended export credit facilities worth USD 1,500 million to Sri Lanka.
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Sri Lanka stares at food shortage, President Wickremesinghe asks for help
Updated : 3 years, 5 months ago IST
The critical situation of the currency crisis in Sri Lanka has resulted in political, economic and social turmoil. Further, this currency collapse has resulted in a rise in food prices by 100 per cent in two years. Amid all this, President Ranil Wickremesinghe has sought support, The Island
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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 5 months ago IST
People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as they blamed their government for the mismanagement of the country's economy.
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China falls into its own debt trap as loans under Belt and Road Initiative
Updated : 3 years, 8 months ago IST
Beijing [China], October 3 (ANI): China is falling into its own debt trap as the country's banks have sharply reduced lending to low-income countries under its flagship Belt and Road initiative (BRI) after the crumbled economies of borrowing countries have left the Asian giant with huge pile
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Sri Lanka cuts tax on female hygiene products amid economic crisis
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], October 3 (ANI): Amid the ongoing economic crisis in the country, Sri Lanka has cut taxes on female sanitary products in a bid to help women unable to afford the hygiene product, according to reports.
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China uses clever tactics of African countries' loan waiver to change its
Updated : 3 years, 8 months ago IST
Beijing [China], September 25 (ANI): After eyebrows were raised on China's debt trap policy under its Belt Road Initiative (BRI), it announced a loan waiver for African countries to change the narrative, however, the amount of these loans was not even 1 per cent of its total lending to the c
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China a 'close friend' but India is 'brother' and 'sister', New Delhi's se
Updated : 3 years, 8 months ago IST
New Delhi [India], September 19 (ANI): Sri Lanka High Commissioner to India Milinda Moragoda on Monday referred to remarks of Mahinda Rajapaksa about the island nation's relations with India and said that the former President of the country used to say that "China is a close friend but In
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Sri Lankan President presents Interim Budget, says talks with IMF in final
Updated : 3 years, 9 months ago IST
Colombo [Sri Lanka], August 30 (ANI): To provide relief to the Island nation amid the unprecedented economic crisis, Sri Lankan President Ranil Wickremesinghe on Tuesday presented the Interim Budget and said that the talks with International Monetary Fund is in final stage.
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Indian Coast Guard presence ensures there is no influx from Sri Lanka: DG
Updated : 3 years, 9 months ago IST
Chennai (Tamil Nadu) [India], August 27 (ANI): The Indian Coast Guard Director-General Virender Singh Pathania on Saturday said that the presence of his force ensures that there is no influx of people from Sri Lanka amidst the crisis in the island country.
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