Search For "economic crisis"
UK PM Johnson lauds Lankan Prez for establishing inclusive govt to address
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 3 (ANI): Sri Lanka which is facing an unprecedented economic crisis received a boost from outgoing UK Prime Minister Boris Johnson who hailed the island nation's President Ranil Wickremesinghe for establishing an inclusive government in a bid to take the countr
Read More
China struggles against political, economic stability ahead of 20th Party
Updated : 3 years, 6 months ago IST
Beijing [China], September 3 (ANI): China's economy, both at the central and provincial levels, is under considerable stress as two of the world's biggest investment banks have slashed China's economic growth forecast, ahead of the 20th Party Congress of the Communist Party of China (CPC).
Read More
Sri Lanka's ousted President Rajapaksa returns home: official
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 3 (ANI): Sri Lanka's ousted President Gotabaya Rajapaksa returned home in the early hours of Saturday after fleeing the country in July, according to a senior security official.
Read More
Cash-strapped Pakistan mulls taking another IMF loan as floods wreak havoc
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], September 1 (ANI): As Pakistan struggles to deal with the devastating flood situation, the cash-strapped country is mulling another emergency loan from the International Monetary Fund (IMF), days after it managed to secure the much-needed bailout package to avert an imm
Read More
Debt-ridden Sri Lanka reaches staff level agreement for USD 2.9 million de
Updated : 3 years, 6 months ago IST
Washington [US], September 1 (ANI): International Monetary Fund (IMF) staff and debt-ridden Sri Lankan authorities on Thursday reached a staff-level agreement to support Sri Lanka's economic policies with a 48-month arrangement under the Extended Fund Facility (EFF) of about USD 2.9 billi
Read More
Sri Lankan President presents Interim Budget, says talks with IMF in final
Updated : 3 years, 6 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.
Read More
IMF, Pakistan to meet today for key talks on loan plans
Updated : 3 years, 6 months ago IST
Islamabad [Pakistan], August 29 (ANI): The International Monetary Fund (IMF) will meet the top officials of cash-strapped Pakistan on Monday to consider a bailout package as the country continues to face several economic hardships.
Read More
China's debt trap diplomacy causes global alarm over Belt and Road Initiat
Updated : 3 years, 6 months ago IST
Beijing [China], August 29 (ANI): Chinese investment under Belt and Road Initiative (BRI) across the world is causing alarm among the beneficiaries, as China's debt-diplomacy only reaps profits to Beijing while countries are pushed towards an economic crisis.
Read More
China dodges request on debt relief, says the ball is in Sri Lanka's court
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 27 (ANI): China, Colombo's largest bilateral lender dodged the request for debt relief and said that the ball is in Sri Lanka's court.
Read More
Amid food, medicine price inflation, Sri Lanka raises water tariffs
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 27 (ANI): Amid the existing economic crisis in the country, the Sri Lanka Ministry of Water Supply announced to increase the water tariffs with effect from September 1, a gazette notice from the Ministry stated.
Read More
China maintains deafening silence over Sri Lanka's debt restructuring requ
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is
Read More
Indian Coast Guard presence ensures there is no influx from Sri Lanka: DG
Updated : 3 years, 6 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.
Read More