Sri Lanka’s economic crisis dashes hopes for post COVID-19 tourism recovery
GALLE – With its ancient fort and sandy beaches, the city of Galle on Sri Lanka’s southern coast should beContinue Reading
Category: Business Briefing
Sri Lanka to receive $300 million to $600 million over next 4 months from World Bank help to face economic crisis- Finance Minister
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over theContinue Reading
Cash-strapped Sri Lanka hit by record inflation
Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as theContinue Reading
Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
WATCH -Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt says its Fin. Minister
Bloomberg – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, accordingContinue Reading
Sri Lanka Finance Minister meets Managing Director and other senior officials of IMF
Sri Lanka Finance Minister Ali Sabry met Managing Director of IMF Kristalina Georgieva and Gita Gopinath First Deputy Managing DirectorContinue Reading
IMF says any loan to Sri Lanka requires debt sustainability; are at an early stage
WASHINGTON- The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an earlyContinue Reading
Sri Lanka says IMF to consider request for rapid aid
COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India,Continue Reading
World Bank planning new $170 billion crisis fund to help the poorest nations being buffeted by multiple crises: President
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted byContinue Reading
Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss
COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nationContinue Reading
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