WATCH- Sri Lankan PM says president’s powers will be reduced
COLOMBO, Sri Lanka (AP) — Sri Lanka’s prime minister said Tuesday the constitution will be changed to clip presidential powersContinue Reading
Tag: Economy
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
Watch: Sri Lanka’s President Says Ready to Review Executive Powers, admits two mistakes
(Bloomberg) — After weeks of defiance Sri Lanka’s President Gotabaya Rajapaksa said he’s open to changes in the nation’s constitutionContinue 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
Analysis: Sri Lanka bondholders brace for big losses in debt restructuring
Summary Analysts calculate haircut of at least 20% needed Citi: debt service halt covers around 50% of public debt S&P,Continue Reading
Sri Lankan protesters demand justice for 2019 Easter attacks
COLOMBO, Sri Lanka (AP) — Sri Lankans protesting for days near the president’s office criticized a lack of progress inContinue Reading
Amid Sri Lankan economic crisis, apparel orders from island nation diverting to India
Countries importing textile products from Sri Lanka have now started moving towards Indian exporters as Sri Lanka continues to reelContinue Reading
Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepal’s economy seems to be heading south, the Sri Lankan way. The country is facing an economic crisis that hasContinue Reading
IMF says it welcomes Sri Lanka’s plans to engage with creditors
COLOMBO- The International Monetary Fund (IMF) on Wednesday (Apr 13) said that it supported Sri Lanka’s plans to engage inContinue Reading
S&P lowers Sri Lanka Sovereign rating to “CC” indicating looming default
Global rating agency Standard and Poor’s (S&P) today lowered Sri Lanka’s long-term foreign currency sovereign rating from “CCC” to “CC”Continue Reading
