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
Tag: Economy
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
Gota -Go- Gama; A small tent camp near Sri Lankan President’s office becomes focus of national protests
On a patch of grass near Sri Lankan President Gotabaya Rajapaksa’s office in the commercial capital Colombo, around two dozenContinue Reading
Sri Lanka Prime Minister Mahinda Jogs War Memory to Placate Citizens as Economic crisis rages on.
Sri Lankan Prime Minister Mahinda Rajapaksa retained his family’s defiant tone in the face of mounting protests, leaning on hisContinue Reading
WATCH -#SriLanka could run out of reserves by the end of the month, says former Prime Minister Ranil
Ranil Wickremesinghe, former prime minister of Sri Lanka, says the country’s economic crisis is “very, very serious.” Watch his commentsContinue Reading
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