A world apart, Lebanon and Sri Lanka share economic collapse bedeviled by-corruption, patronage, nepotism and incompetence.
BEIRUT (AP) — Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoilContinue Reading
Tag: Sri Lanka
India to support crisis-hit Sri Lanka’s economic recovery; signals willingness to go beyond $4 billion in loans already provided
COLOMBO, June 23 (Reuters) – India’s top diplomat held talks with Sri Lanka’s president and prime minister on Thursday asContinue Reading
Sri Lanka bets on casino magnate to revive wrecked economy
Sri Lankan casino magnate Dhammika Perera entered parliament on Wednesday with a mandate to revive the bankrupt island nation’s wreckedContinue Reading
Afghanistan: At least 920 killed after 6.1 magnitude earthquake
At least 920 people have been killed and hundreds more injured after a 6.1 magnitude earthquake in southeastern Afghanistan, officialsContinue Reading
Sri Lanka’s crisis cripples once burgeoning middle class
COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he’d need government rations to ensure his family could eat twoContinue Reading
Sri Lanka sued by US bondholder over default
Sri Lanka was sued in the US by a private bondholder after it defaulted on its debt for the firstContinue Reading
Sri Lanka May Consumer Prices Soar 45.3% Y/y, Highest Since 2015
Sri Lanka’s headline inflation accelerated in May to the highest since 2015 due to rising food and transport costs, asContinue Reading
IMF delegation visits crisis-hit Sri Lanka with time running out
COLOMBO/LONDON, June 20 (Reuters) – An International Monetary Fund (IMF) team arrives in Sri Lanka on Monday for talks onContinue Reading
Sri Lanka to introduce 2-week work from home program
Sri Lanka government has moved to introduce a two-week work from home WFH program from Monday June 20 for theContinue Reading
Sri Lanka should have gone to IMF sooner, says central bank governor
Sri Lanka could have avoided its current economic turmoil if it had gone to the International Monetary Fund (IMF) forContinue Reading
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