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
Tag: Sri Lanka
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
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
India open to additional $2 bln aid for Sri Lanka with eye on China
April 13 (Reuters) – India is willing to commit up to another $2 billion in financial assistance to Sri LankaContinue 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 to suspend normal debt servicing temporarily : Finance Ministry
The Secretary to the Ministry of Finance states that Sri Lanka will suspend normal debt servicing of all affected debts forContinue 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
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