Search For "sri lanka economic crisis"
Economy on centre stage, as Sri Lanka set to vote today in first polls sin
Updated : 1 year, 5 months ago IST
The crisis, which led to widespread food and fuel shortages, prompted Sri Lanka's President Gotabaya Rajapaksa to flee the country in 2022. The economic policy of Rajapaksa, followed by the onset of the Covid pandemic, is believed to have led to the worst economic crisis in the island nat
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Sri Lankan economy records positive growth for first time since crisis
Updated : 2 years, 2 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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China stalling IMF relief for debt grip Sri Lanka: Report
Updated : 2 years, 5 months ago IST
The last month's visit by IMF officials to the crisis-recovering nation seems like a hope for the country. But IMF has insisted on "financing assurances" from bilateral lenders as a key pillar, gave Sri Lanka a failing grade in the first review of the bailout, denying it a second tranche of
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IMF-Ranil deal may strengthen pro-China forces in Sri Lanka: Report
Updated : 2 years, 11 months ago IST
Most Sri Lankans believe that Ranil's government is protecting a corrupt regime.
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IMF Executive Board approves USD 3 billion under New Extended Fund Facilit
Updated : 2 years, 11 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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'US must show some sincerity, actually do something to help Sri Lanka': Ch
Updated : 3 years, 1 month ago IST
After US Under Secretary of State for Political Affairs Victoria Nuland during her visit to Sri Lanka said that the terms extended by China to Colombo for IMF debt relief are not enough, the Chinese Foreign Ministry has now retaliated saying that rather than commenting upon Beijing's ties wi
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China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 1 month ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
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Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 1 month 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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Sri Lanka conveys its 'profound' gratitude to PM Modi: Sri Lankan Foreign
Updated : 3 years, 1 month ago IST
"We are experiencing our most serious economic crisis. It is no exaggeration to say that it was for the most part, the enormous support amounting to USD 4 billion worth of credit line provided by India for the import of essential goods as well as other humanitarian assistance that we were
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"Only option is to seek IMF support", Sri Lankan President on economic col
Updated : 3 years, 1 month ago IST
Ranil Wickremesinghe has said that the only option for the island nation to emerge from this crisis is to seek the support of the global lender International Monetary Fund (IMF).
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India extends aid worth USD 3.9 billion to help Sri Lanka face of economic
Updated : 3 years, 1 month 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, 2 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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