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
Tag: Sri Lanka
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
Sri Lanka begins talks with China on refinancing debt
COLOMBO, April 26 – Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said onContinue Reading
IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes
Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a seniorContinue Reading
S&P cuts Sri Lanka to ‘selective default’ on missed payments
April 25 (Reuters) – S&P Global Ratings cut Sri Lanka’s rating as an issuer of foreign currency debt to ‘selectiveContinue Reading
Pope asks Sri Lanka to reveal Easter 2019 bombers over political conspiracy murmurs
(AFP)-Pope Francis urged Sri Lankan authorities on Monday to reveal who was behind the country’s 2019 Easter bombings in anContinue Reading
‘Western developed countries that colonized Sri Lanka in history, should come and help’ – Chinese ambassador
Chinese Ambassador Qi Zhenhong to Sri Lanka met group of local journalists on a wide range of topics including China’sContinue 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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