Sri Lanka Economic Crisis

Sri Lankan President Ranil Wickremesinghe has criticised China for excluding itself from multilateral talks focused on reducing the island nation’s debt and putting it on to financial stability. However, the …

Voices are being raised in Sri Lanka about the dubious support that fast friend China is providing in Colombo’s bid to get a bail-out loan from the International Monetary Fund …

Italy plans to supply helicopters to Sri Lanka to support its battle against human trafficking, President Ranil Wickremesinghe’s office said on Wednesday. The discussion about the helicopters took place between …

As part of its Neighbours-First policy, India has taken the lead in backing Sri Lanka’s request for finance and debt restructuring from the International Monetary Fund. While China is expected …

In a visit that amplifies India’s ‘Neighbourhood First’ policy as well as the Security and Growth for All in the Region (SAGAR) doctrine, Chief of Naval Staff (CNS) Admiral R …

Sri Lankan state minister of finance Shehan Semasinghe told local media that the country is holding the second round of talks with its bilateral creditors. The island nation’s main bilateral …

Sri Lankan President Ranil Wickremesinghe has appointed former Maldivian president Mohamed Nasheed as his International Climate Advisor. Wickremesinghe also appointed former Norwegian minister Erik Solheim for the same role, reports …

With Sri Lanka still on a weak wicket on the economic and financial fronts, it is looking at newer ways to access finances. The government is debating a proposal to …

India will provide training to 1,500 personnel of the Sri Lankan armed forces every year. The Sri Lankan media quoted Indian High Commissioner Gopal Baglay as saying that India has …

Sri Lankan President Ranil Wickremesinghe said on Thursday that the Indian Ocean region should be open to all for freedom of navigation. He also said that Sri Lanka was open …

Sri Lanka plans to hold debt restructuring talks with Japan, China and India—its three largest bilateral creditors. This follows successful talks with the International Monetary Fund (IMF) under which it …

As the global economy shrinks and countries chase the International Monetary Fund (IMF) and the World Bank (WB) for bailouts, India stands strong as a rock for the South Asian …

Sri Lanka has seen one of its worst years—the government decided to default on its external debt, widespread shortages of essential items, historic inflation, mass uprisings against the powerful Rajapaksa …

Japan, one of the main creditors of Sri Lanka along with India and China, plans to organise a meeting of all creditors including international institutions to resolve Colombo’s financial crisis. …

Australia has said that it will provide fuel to Sri Lanka’s navy and air force with support from India. With a financial and fuel crisis chasing Sri Lanka since late …

<p> <strong>Lanka Indian Oil Corporation (LIOC), a subsidiary of Indian Oil Corporation in Sri Lanka, is set to open 50 new fuel stations in the cash-strapped country as it battles …

<p> By mounting pressure on Sri Lanka to accept a research ship, which India calls a spy ship, Beijing is testing the depth and the mood in the new Sri …

<p> <strong>Sri Lanka’s President Ranil Wickremesinghe has said that the country's economic crisis would continue for at least one more year. He also said that Sri Lanka will have to …

<p> <strong>Sri Lanka’s unprecedented economic crisis will not end anytime soon. While talks have resumed between Colombo and the International Monetary Fund (IMF), it could take a few months before …

<p> Sri Lankan newspaper <em>Daily Mirror </em>has reported that the South Africa-based International Truth and Justice Project (ITJP) wants former President Gotabaya Rajapaksa arrested for his role in human rights …

<p> <strong>Resuming talks with the International Monetary Fund (IMF) for a rescue package will be the immediate task for Ranil Wickremesinghe who took over as the new President of Sri …