Search For "sri lanka economic"
Economy on centre stage, as Sri Lanka set to vote today in first polls sin
Updated : 1 year, 8 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
Read More
Sri Lankan economy records positive growth for first time since crisis
Updated : 2 years, 5 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.
Read More
India, Sri Lanka resume talks for economic and technology cooperation agre
Updated : 2 years, 6 months ago IST
India and Sri Lanka held the 12th round of negotiations on the Ecobomic and Technology Cooperation Agreement (ETCA), the Ministry of Commerce & Industry said on Wednesday.
Read More
China stalling IMF relief for debt grip Sri Lanka: Report
Updated : 2 years, 7 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
Read More
Sri Lanka High Commissioner thanks PM Modi for financial assistance during
Updated : 2 years, 10 months ago IST
High Commissioner Moragoda went on to elaborate on the significance of India-Sir Lanka relations and the special status it has reached in the recent past. Commenting on the recent visit of the President of Sri Lanka to New Delhi, High Commissioner stated that the visit not only further stren
Read More
Sri Lankan envoy meets RBI governor, discusses bilateral economic cooperat
Updated : 3 years, 1 month ago IST
Sri Lankan High Commissioner to India, Milinda Moragoda, met the Reserve Bank of India governor Shaktikanta Das on Wednesday and discussed bilateral economic cooperation.
Read More
IMF-Ranil deal may strengthen pro-China forces in Sri Lanka: Report
Updated : 3 years, 2 months ago IST
Most Sri Lankans believe that Ranil's government is protecting a corrupt regime.
Read More
IMF Executive Board approves USD 3 billion under New Extended Fund Facilit
Updated : 3 years, 2 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
Read More
'US must show some sincerity, actually do something to help Sri Lanka': Ch
Updated : 3 years, 3 months 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
Read More
China's debt moratorium offer to Sri Lanka not sufficient for IMF to appro
Updated : 3 years, 3 months ago IST
The IMF needs more assurances from China to secure IMF board approval for the bailout package for Sri Lanka.
Read More
Is Pakistan going to default on debt servicing like Sri Lanka?
Updated : 3 years, 3 months 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
Read More
Sri Lanka conveys its 'profound' gratitude to PM Modi: Sri Lankan Foreign
Updated : 3 years, 4 months 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
Read More