Search For "sri lanka debt"
Sri Lanka minister says country in talks with China for debt refinancing
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): After talks with International Monetary Fund (IMF) amid the ongoing economic crisis in the country, Sri Lanka's Mass Media Minister Nalaka Godahewa on Tuesday said that the country is in talks with China as well for refinancing its debt.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
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China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 3 years, 11 months ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
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Sri Lanka's health ministry reports drug shortage amid economic crisis
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): Amid the continued economic hardship in the country, Sri Lankan Health Ministry has said there is a shortage of some drugs and equipment in certain government hospitals.
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World Bank says Sri Lanka's economic outlook uncertain, needs urgent polic
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 14 (ANI): Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the fiscal deficit, and restore external stability, the World Bank said in its twice-a-year regional update.
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Sri Lanka succumbs to China's debt-trap diplomacy: Report
Updated : 3 years, 11 months ago IST
Colombo [Sri Lanka], April 12 (ANI): Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy while Colombo battles most significant economic crisis in decades amid mounting debt repayment woes.
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Sri Lanka getting closer to India to deal with Chinese 'debt trap'
Updated : 4 years ago IST
Colombo [Sri Lanka], February 20 (ANI): Sri Lanka is moving away from China while getting close to India over the failure of Colombo to pay back Chinese loans worth USD 4.5 billion, amidst fears of a "debt trap".
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China-backed Colombo port city under scanner over row on visiting charges
Updated : 4 years, 1 month ago IST
Colombo [Sri Lanka], February 8 (ANI): China-backed Colombo Port City has again come under the spotlight for wrong reasons after the authorities broke their promise and imposed variable charges on the people visiting the site.
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Chinese Foreign Minister's visit to Maldives, Sri Lanka generates fears of
Updated : 4 years, 1 month ago IST
Beijing [China], January 15 (ANI): Amid the continuous rise in COVID-19 cases driven by the Omicron variant across the world, Chinese Foreign Minister Wang Yi visited Maldives and Sri Lanka but failed to make gains as nationalist Sri Lankans and Maldivians felt that their sovereignty is bein
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S&P downgrades Sri Lanka to CCC-plus on fiscal deterioration
Updated : 5 years, 3 months ago IST
Singapore, December 11 (ANI): S&P Global Ratings on Friday lowered its long-term foreign and local currency sovereign credit ratings on Sri Lanka to CCC-plus from B-minus.
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