The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.
Appreciating the Indian government's efforts to support Sri Lanka during its financial crisis, Sri Lankan President Ranil Wickremesinghe during the dedication of Jaffna Cultural centre to the people of Sri Lanka said that the two countries are having discussions for the economic developme
Washington [US], April 12 (ANI): The over-dependence on China for economic development could be a miserable option for any country, and the latest examples of it, are Pakistan and Sri Lanka which have been facing a dire financial crisis at present, according to reports.
Colombo [Sri Lanka], April 1 (ANI): Amid the financial crisis, Sri Lanka will be witnessing 12-hour power cuts in several areas on Friday, announced the Public Utilities Commission of the island nation.
New Delhi [India], January 28 (ANI): The Ministry of External Affairs has said that it stands with Colombo and will continue to provide assistance to Sri Lanka which faces financial difficulties.