Search For "sri lanka economic"
"Only option is to seek IMF support", Sri Lankan President on economic col
Updated : 3 years, 4 months 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, 4 months 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, 4 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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Indian High Commissioner Gopal Baglay hands over 125 SUVs to Sri Lanka
Updated : 3 years, 5 months ago IST
The High Commission of India in Sri Lanka stated that more SUVs will soon be given to Colombo under an existing line of credit.
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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 5 months ago IST
People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as they blamed their government for the mismanagement of the country's economy.
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China's reluctance to accept proposed debt restructuring may deprive Sri L
Updated : 3 years, 6 months ago IST
Dr Saravanamuttu said that the IMF expected each creditor to be treated equally which China is unwilling to accept.
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Experts draw lessons learned from Sri Lanka's economic crisis
Updated : 3 years, 6 months ago IST
Focusing on deep-rooted, long-term economic vulnerabilities that led to sovereign default in Sri Lanka - the first time in the country's history - Umesh Moramudali, a Lecturer at the University of Colombo and Researcher on Public Debt & Development, pondered why Sri Lanka had come to thi
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Erik Solheim meets former Sri Lanka PM Rajapaksa in Colombo, discusses eco
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], October 12 (ANI): Former Under Secretary General of the UN, Erik Solheim met with the former prime minister of Sri Lanka, Mahinda Rajapaksa on Wednesday in Colombo to discuss the economic crisis in the nation.
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China a 'close friend' but India is 'brother' and 'sister', New Delhi's se
Updated : 3 years, 8 months ago IST
New Delhi [India], September 19 (ANI): Sri Lanka High Commissioner to India Milinda Moragoda on Monday referred to remarks of Mahinda Rajapaksa about the island nation's relations with India and said that the former President of the country used to say that "China is a close friend but In
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United States asks China to cooperate with Sri Lanka's debt structuring
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], September 13 (ANI): A United States diplomat asked China to cooperate with Sri Lanka's debt restructuring and advised the island nation to be responsible for future borrowings while agreeing to participate in the re-structuring of Sri Lanka's debt.
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Sri Lanka's weak regulatory frameworks responsible for China incurred debt
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], September 5 (ANI): As the debt crisis continues to grip the island nation of Sri Lanka, the root cause of problems behind the loans lent by China are weak regulatory frameworks in the country and weak circumspection exercised by politicians and public officials in making
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Sri Lanka's ousted President Rajapaksa returns home: official
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], September 3 (ANI): Sri Lanka's ousted President Gotabaya Rajapaksa returned home in the early hours of Saturday after fleeing the country in July, according to a senior security official.
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