Hailing New Delhi's role in Sri Lankan debt restructuring, Japanese Ambassador to India Hiroshi Suzuki said that India’s issuance of financing assurances to Sri Lanka at the time of its economic crisis was instrumental in accelerating the process of Sri Lanka's debt restructuring an
Sri Lanka is already facing an economic crisis due to the COVID-19 pandemic and financial mismanagement, especially during Gotabaya Rajapaksa's presidency. He granted an unprecedented tax benefit to big companies soon after the election. As a result, the government lost a lot of revenue due
Union Minister of Finance and Corporate Affairs Nirmala Sitharaman participated in the high-level meeting on Sri Lanka's debt issues on the sidelines of the International Monetary Fund (IMF)- World Bank (WB) Spring Meetings.
London [UK], August 27 (ANI): Almost ten years after the inception of China's ambitious Belt & Road Initiative (BRI), London- based NGO The Democracy Forum invited a panel of experts to an August 25 virtual seminar to discuss the gains and costs of this global project.