Beijing [China], September 1 (ANI): China lures economically vulnerable countries by lending finances to them and then leaving the countries with no way to bail themselves out of debt or to make ends meet for their citizens, according to an analysis.
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
Beijing [China], August 31 (ANI): China has been luring economically vulnerable and strategically significant nations by lending finances to them through the promise of several development projects, and has emerged as the third largest official creditor in the world.
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.
Colombo [Sri Lanka], August 30 (ANI): The economic situation has continued to deteriorate in Sri Lanka, with the headline inflation rate spiking to another record high in July, World Food Programme (WFP) said on Tuesday.
Smith spoke regarding his mindset, "I felt like I could go out and just play with a lot more freedom naturally (in Sri Lanka) and not have any kind of hesitation in the back of my mind like I need to be a bit more reserved or anything."
Colombo [Sri Lanka], August 30 (ANI): Sri Lanka, on Monday, received the first tranche of food assistance valued at USD 1.5 million from the government of Japan, which was provided through the United Nations World Food Programme (WFP).
Colombo [Sri Lanka], August 30 (ANI): Despite an official freeze on costly mega projects, Sri Lankan Highway Ministry officials are pressurising the country's Road Development Authority (RDA) to finalise a USD 550 million elevated highway, to a Chinese company local media reported.