Bankrupt Sri Lanka slashes fuel prices; World Bank warns its economy will shrink an unprecedented 9.2 percent this year
Crisis-hit Sri Lanka slashed fuel prices on Monday, the second cut in as many weeks, after the World Bank warnedContinue Reading
Tag: Economy
Sri Lanka urged to withdraw bill allowing broad detentions
COLOMBO, Sri Lanka (AP) — An international human rights group is urging Sri Lanka’s government to withdraw draft legislation thatContinue Reading
Sri Lanka holds first in-person meeting with bondholders amid debt talks – sources
WASHINGTON, Oct 14 (Reuters) – Sri Lanka’s government officials from the finance ministry and the central bank held its firstContinue Reading
Crisis hit Sri Lanka snapping up cheap Russian oil -Financial Times
Debt-laden Sri Lanka has been buying up large amounts of discounted Russian oil amid an economic meltdown that sent the country into default forContinue Reading
IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
KEY POINTS The International Monetary Fund predicts global growth will slow to 2.7% in 2023. “The worst is yet toContinue Reading
U.N says Tunisia, Sri Lanka and Pakistan top list of 54 countries in dire need of debt relief
Cascading global crises have left 54 countries — home to more than half of the world’s poorest people — inContinue Reading
Sri Lanka Top Court Allows Proceedings Against Former President Rajapaksa, Others
COLOMBO (Reuters) – Sri Lanka’s top court has granted permission for proceedings against former President Gotabaya Rajapaksa, the rights groupContinue Reading
Japan says no pact yet with Sri Lanka on debt restructure talks
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a governmentContinue Reading
UN extends Sri Lanka war-time violations monitoring, calls government to investigate & prosecute officials who triggered country’s worst financial crisis
GENEVA (Reuters) -The U.N. rights body on Thursday renewed the mandate of a U.N. office to collect and preserve evidenceContinue Reading
Sri Lanka refuses international human rights investigation
COLOMBO, Sri Lanka (AP) — Sri Lanka will not accept any international investigation imposed by the U.N. Human Rights CouncilContinue Reading
