Crisis-hit Sri Lanka says IMF bailout three months away
An International Monetary Fund bailout package for crisis-hit Sri Lanka could take up to three months to arrive, the country’sContinue Reading
Tag: Economy
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
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
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
Trump says he won’t return to Twitter if account reinstated after Musk takeover
WASHINGTON – Former U.S. President Donald Trump said on Monday that he will not return to social media platform TwitterContinue Reading
Sri Lanka stock exchange halts again after 13% plunge
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse’s tentative reopening afterContinue Reading
Indian Finance Minister Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
Sri Lanka could be given temporary classification as a lower-income country — from the current middle-income status — to helpContinue Reading
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