Sri Lanka Financial Crisis
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"Don't Want To Be Sandwiched...": New Sri Lanka President's India-China Plans
Anura Kumara Dissanayake - Sri Lanka's new Marxist President - has said he wants to avoid being "sandwiched" between India and China but recognises each as a "valued partner", as he tries to resolve a financial crisis roiling his country.
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Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
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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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"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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Financially Stuck Sri Lanka, Moves To Restructure Domestic Debt
Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the government's domestic debt amounting to more than $51 billion.
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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".
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Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
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Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
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Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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India Plans To Stop Financial Aid To Sri Lanka After IMF Bailout: Report
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters.
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India Provided $4 Billion In Food, Financial Aid To Crisis-Hit Sri Lanka
India on Sunday highlighted its constructive and significant role in human-centric globalization at the United Nations General Assembly and said that it had provided nearly $4 billion in food and financial assistance to Sri Lanka.
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Sri Lanka Considering Sovereign And Local Debt Restructure: President
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.
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Timeline: How Sri Lankan Protests Unfolded
A deep financial crisis has left Sri Lanka struggling to pay for imports of food, medicine and fuel and brought thousands of protesters on to the streets. On Wednesday, a government source
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Viral Video Of "WWE" On Lankan PM's Bed After Protesters Occupy Pool, Gym
Sri Lanka is reeling under a severe foreign exchange shortage which has resulted in the worst financial crisis in almost seven decades.
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How Sri Lankan Protests Unfolded
A deep financial crisis has left Sri Lanka struggling to pay for imports of food, medicine and fuel and brought thousands of protesters on to the streets.
 "How Sri Lankan Protests Unfolded")
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"Don't Want To Be Sandwiched...": New Sri Lanka President's India-China Plans
Anura Kumara Dissanayake - Sri Lanka's new Marxist President - has said he wants to avoid being "sandwiched" between India and China but recognises each as a "valued partner", as he tries to resolve a financial crisis roiling his country.
-
Scientists From China And Sri Lanka Conduct Joint "Marine Scientific" Research Onboard Chinese Vessel
According to sources, Sri Lanka was delaying granting permission for the arrival of the vessel due to concerns raised by India. However, there is no official confirmation of the same.
-
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.
-
"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.
-
Financially Stuck Sri Lanka, Moves To Restructure Domestic Debt
Sri Lankan authorities have declared a five-day closure of financial markets from Thursday ahead of a controversial move to restructure the government's domestic debt amounting to more than $51 billion.
-
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".
-
Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
-
Protests In Crisis-Hit Sri Lanka Against Inflation, Tax Hikes
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.
-
Sri Lanka's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
-
India Plans To Stop Financial Aid To Sri Lanka After IMF Bailout: Report
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters.
-
India Provided $4 Billion In Food, Financial Aid To Crisis-Hit Sri Lanka
India on Sunday highlighted its constructive and significant role in human-centric globalization at the United Nations General Assembly and said that it had provided nearly $4 billion in food and financial assistance to Sri Lanka.
-
Sri Lanka Considering Sovereign And Local Debt Restructure: President
Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.
-
Timeline: How Sri Lankan Protests Unfolded
A deep financial crisis has left Sri Lanka struggling to pay for imports of food, medicine and fuel and brought thousands of protesters on to the streets. On Wednesday, a government source
-
Viral Video Of "WWE" On Lankan PM's Bed After Protesters Occupy Pool, Gym
Sri Lanka is reeling under a severe foreign exchange shortage which has resulted in the worst financial crisis in almost seven decades.
-
How Sri Lankan Protests Unfolded
A deep financial crisis has left Sri Lanka struggling to pay for imports of food, medicine and fuel and brought thousands of protesters on to the streets.
