Anticipating a ‘series of defaults’ Moody’s cut Sri Lanka’s credit rating
Moody’s has downgraded the government of Sri Lanka’s “long-term foreign-currency issuer and senior unsecured debt ratings to Ca from Caa2″,Continue Reading
Tag: Sri Lanka
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
Sri Lanka President shows old guard the door, in new look all-male cabinet
President Gotabaya Rajapaksa’s staunch supportive MPs have not been granted posts in the new Cabinet that was appointed today. VocalContinue 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
New look cabinet sworn in Sri Lanka, PM unchanged
Sri Lanka appoints a new 17-member Cabinet of Ministers, just over two weeks after the old cabinet ministers resigned enContinue 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
Commentary: Reasons for Sri Lanka Crisis; China ‘debt trap loans’ or fatal Gov mistakes? – Professor explains
MUMBAI: The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s everContinue 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
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