Sri Lanka Foreign Debt
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Sri Lanka Seals Debt Deal As It Recovers From 2022 Financial Crash
Sri Lanka said on Wednesday it had clinched a restructuring deal with India, China, and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.
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Sri Lanka Seeking Reduction Of $17 Billion Debt From Restructuring
Sri Lanka is looking at a reduction of approximately USD 17 billion from its overall debt burden in the ongoing debt restructuring process, Foreign Minister Ali Sabry said.
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
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India Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
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These Countries At Risk Of A Deep Economic Crisis
A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.
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Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
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IMF Asks Crisis-Hit Sri Lanka To Restructure Debt Before Bailout
The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island.
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Chinese 'Debt Trap' Adds To Sri Lanka, Pakistan Crises: Foreign Policy Expert
More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.
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'Third Country' Should Not Interfere In China-Sri Lanka Ties: Beijing
Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership, said no "third country" should "interfere" in their close ties, in an apparent reference to India's concerns over Beijing's strategic projects in the island nation.
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Sri Lanka Seeks Chinese Debt Reschedule For Crashing Economy
Cash-strapped Sri Lanka sought to reschedule its huge Chinese debt burden in Sunday talks with visiting foreign minister Wang Yi, the president's office said.
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Sri Lanka Political Crisis "Death Blow" To Economy: Ranil Wickremesinghe
Sri Lanka's prime minister said Thursday the country was struggling to pay back its ballooning foreign debt, blaming a recent political crisis for dealing a "death blow" to the economy.
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Sri Lanka Warns Of Looming Foreign Debt Crisis
Sri Lanka is headed for a debt crisis, the finance ministry warned Sunday, blaming a series of costly projects commissioned by the previous government for record-high repayments.
-
Sri Lanka Seals Debt Deal As It Recovers From 2022 Financial Crash
Sri Lanka said on Wednesday it had clinched a restructuring deal with India, China, and other nations, covering up to $10 billion in debt, a critical step towards recovery after a 2022 financial crash.
-
Sri Lanka Seeking Reduction Of $17 Billion Debt From Restructuring
Sri Lanka is looking at a reduction of approximately USD 17 billion from its overall debt burden in the ongoing debt restructuring process, Foreign Minister Ali Sabry said.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
-
India Doesn't Have Problems Like Pakistan, Sri Lanka: What Raghuram Rajan Said
India has sufficient foreign exchange (forex) reserves, external debts are low and the country is not having the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.
-
These Countries At Risk Of A Deep Economic Crisis
A rampant dollar at a two-decade high crushing most currencies' buying power in international markets, fears of an economic downturn and burned foreign exchange reserves point to a record number of developing nations now in dire straits.
-
Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
-
IMF Asks Crisis-Hit Sri Lanka To Restructure Debt Before Bailout
The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to "restructure" its huge foreign debt before a bailout programme could be finalised as anti-government protests escalated across the island.
-
Chinese 'Debt Trap' Adds To Sri Lanka, Pakistan Crises: Foreign Policy Expert
More than 40 countries have sorely felt the impact of the Chinese benevolence that seems ready to pull their people out of poverty, but instead lands them into debts that multiply and become difficult to be serviced, leave alone repaid, he said.
-
'Third Country' Should Not Interfere In China-Sri Lanka Ties: Beijing
Chinese Foreign Minister Wang Yi, who held talks with Sri Lanka's top leadership, said no "third country" should "interfere" in their close ties, in an apparent reference to India's concerns over Beijing's strategic projects in the island nation.
-
Sri Lanka Seeks Chinese Debt Reschedule For Crashing Economy
Cash-strapped Sri Lanka sought to reschedule its huge Chinese debt burden in Sunday talks with visiting foreign minister Wang Yi, the president's office said.
-
Sri Lanka Political Crisis "Death Blow" To Economy: Ranil Wickremesinghe
Sri Lanka's prime minister said Thursday the country was struggling to pay back its ballooning foreign debt, blaming a recent political crisis for dealing a "death blow" to the economy.
-
Sri Lanka Warns Of Looming Foreign Debt Crisis
Sri Lanka is headed for a debt crisis, the finance ministry warned Sunday, blaming a series of costly projects commissioned by the previous government for record-high repayments.
