Analysis-Complex web of creditors, politics threatens Sri Lanka restructuring
LONDON (Reuters) – Social unrest, political uncertainty and a complex web of creditors could scupper Sri Lanka’s push for aContinue Reading
Category: Sri Lanka
A political reckoning in Sri Lanka as economic crisis grows
COLOMBO, Sri Lanka — Sherry Fonseka joined millions in 2019 in electing President Gotabaya Rajapaksa, a military strategist whose brutalContinue Reading
Workers strike to pressure Sri Lankan president to step down
COLOMBO, Sri Lanka (AP) — Businesses were closed, teachers absent and public transportation interrupted in the Sri Lankan capital ThursdayContinue Reading
Sri Lankan military Veterans Protest Against President Who Led Them During War
Missing both legs and an arm, former special forces soldier Thushara Kumara is an unlikely critic of Gotabaya Rajapaksa, aContinue Reading
Food, fuel price shocks from Ukraine war to last at least 3 years, World Bank says
LONDON (Reuters) – Global food and fuel price shocks linked to the Russia-Ukraine war are set to last until atContinue Reading
Sri Lanka says World Bank agrees to provide $600 million in financial aid
COLOMBO -The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet paymentContinue Reading
WATCH- ‘We need a change,’ former cricketer Sanath Jayasuriya says of Sri Lanka’s government
Former star cricketer Sanath Jayasuriya who was also Sri Lanka’s former deputy minister of postal services in the government ledContinue Reading
Cash-strapped Sri Lanka to sell ‘golden’ visas
Cash-strapped Sri Lanka announced Tuesday it would sell long-term visas to attract desperately needed foreign currency after the island nationContinue Reading
Sri Lanka begins talks with China on refinancing debt
COLOMBO, April 26 – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said onContinue Reading
IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes
Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a seniorContinue Reading
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