Sri Lanka Economic Crisis
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Sri Lanka's First Leftist President Sworn In After Landslide Election Win
Sri Lanka's first leftist president was sworn into office Monday vowing to restore public faith in politics after anger over the island nation's unprecedented economic crisis propelled him to a landslide poll win.
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Sri Lanka Elections: A Look At The 5 Key Candidates And What They Stand For
Sri Lanka, which is slowly recovering from its worst-ever economic crisis, will vote to elect the next President on Saturday.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
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Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
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India To Play "Constructive Role" To Help Sri Lanka Overcome Its Worst Economic Crisis
India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis.
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"You Saved Us": Lanka Speaker Thanks India For Providing Aid Amid Crisis
Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Friday thanked India for the financial assistance it extended to the island nation when it reeled under an unprecedented economic crisis last year.
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World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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World Bank Approves $500 Million In Budgetary Support To Sri Lanka
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
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Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
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Expecting Agreement To Solve Ethnic Conflict By Year-End: Lanka President
Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community.
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Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
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Sri Lanka's Local Body Elections Delayed Due To Lack Of Funds: Poll Body
Sri Lanka's election body on Tuesday said the local body polls scheduled to be held on April 25 have now been postponed indefinitely due to an acute shortage of funds.
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Sri Lanka To Seek $1 Billion As Credit From India For Essential Items: Report
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday.
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IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
-
Sri Lanka's First Leftist President Sworn In After Landslide Election Win
Sri Lanka's first leftist president was sworn into office Monday vowing to restore public faith in politics after anger over the island nation's unprecedented economic crisis propelled him to a landslide poll win.
-
Sri Lanka Elections: A Look At The 5 Key Candidates And What They Stand For
Sri Lanka, which is slowly recovering from its worst-ever economic crisis, will vote to elect the next President on Saturday.
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
-
Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
-
India To Play "Constructive Role" To Help Sri Lanka Overcome Its Worst Economic Crisis
India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis.
-
"You Saved Us": Lanka Speaker Thanks India For Providing Aid Amid Crisis
Sri Lanka's Parliament Speaker Mahinda Yapa Abeywardena on Friday thanked India for the financial assistance it extended to the island nation when it reeled under an unprecedented economic crisis last year.
-
World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
World Bank Approves $500 Million In Budgetary Support To Sri Lanka
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
-
Inflation Jumps To Record 37.97% In Crisis-Hit Pakistan
Troubles continued to mount for an embattled Pakistan today, with official data revealing a rise in its annual inflation to a record 37.97 per cent in May. Pakistan's figure is the highest in South Asia, ahead of Sri Lanka
-
Expecting Agreement To Solve Ethnic Conflict By Year-End: Lanka President
Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community.
-
Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
-
Sri Lanka's Local Body Elections Delayed Due To Lack Of Funds: Poll Body
Sri Lanka's election body on Tuesday said the local body polls scheduled to be held on April 25 have now been postponed indefinitely due to an acute shortage of funds.
-
Sri Lanka To Seek $1 Billion As Credit From India For Essential Items: Report
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday.
-
IMF Approves $3 Billion Bailout For Debt-Ridden Sri Lanka
The IMF has approved a $3 billion bailout programme to help debt-ridden Sri Lanka overcome its economic crisis and catalyse financial support from other development partners, a move welcomed by Colombo on Tuesday as a "historic milestone".
