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Sri Lanka Economic Crisis

  • World

    Why did Ranil Wickremesinghe appoint Nasheed of Maldives as advisor for aid assistance?

    by Rahul Kumar May 20, 2022
    by Rahul Kumar May 20, 2022

    <p> On Thursday, Sri Lankan Prime Minister Ranil Wickremesinghe appointed former Maldivian president Mohamed Nasheed as an advisor to help his country secure foreign aid and bail Sri Lanka out …

  • World

    Sri Lanka’s new Prime Minister Ranil Wickramsinghe turns to India for stability and recovery

    by Rahul Kumar May 15, 2022
    by Rahul Kumar May 15, 2022

    <p> Ranil Wickremesinghe who is in the hot seat as Sri Lanka's new Prime Minister has given a clear indication about the shift in his country's foreign policy. One of his initial …

  • Economy

    Tough road ahead for Sri Lanka’s newly inducted PM Wikremesinghe as he sets out to fix the battered economy

    by Mahua Venkatesh May 13, 2022
    by Mahua Venkatesh May 13, 2022

    <p> <strong>The road ahead will be tough for Sri Lanka’s newly inducted Prime Minister Ranil Wikremesinghe, as he takes charge amid a battered economy, bankrupt coffers and widespread violence.  While …

  • Videos

    Besides Sri Lanka, Many Countries On The Verge Of Economic Crisis | Covid 19 | Russia Ukraine War

    by IN Bureau May 13, 2022
    by IN Bureau May 13, 2022

    <p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nUvks66W900" title="YouTube video player" width="560"></iframe></p> <p> Not only Sri Lank, but Pakistan, Nepal, South Africa, Argentina, Ethiopia, Ghana, Peru …

  • World

    Ranil Wickremesinghe sworn in as Sri Lanka’s new Prime Minister for the sixth time

    by IN Bureau May 12, 2022
    by IN Bureau May 12, 2022

    <p> Former prime minister Ranil Wickremesinghe has been sworn in as Sri Lanka's new Prime Minister on Thursday evening. Wickremesinghe, the leader of the United National Party (UNP) had met …

  • Economy

    Sri Lanka is not alone, several other countries are facing an economic meltdown

    by Mahua Venkatesh May 12, 2022
    by Mahua Venkatesh May 12, 2022

    <p> <strong>Sri Lanka’s economic crisis triggered by a debt default and acute shortage of food and fuel leading to violence has hit headlines but several other countries – Pakistan, Nepal, …

  • World

    New Delhi denies rumours that Mahinda Rajapaksa is in India, though son may have left Sri Lanka

    by Rahul Kumar May 11, 2022
    by Rahul Kumar May 11, 2022

    <p> With Yoshitha Rajapaksa—former prime minister Mahinda Rajapaksa's son, and his wife allegedly leaving the country on Monday amidst a massive public upheaval, rumours began circulating in Sri Lanka that …

  • Opinion

    Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

    by Sankalp Gurjar May 10, 2022
    by Sankalp Gurjar May 10, 2022

    <p> <strong>Sri Lanka is facing the worst economic crisis since its independence in 1948. The South Asian Island nation is in the grips of acute shortages of food, fuel and …

  • Opinion

    In Sri Lanka, will the Front Line Socialist Party (FSLP) become the ultimate winner after the exit of the Rajapaksas?

    by Atul Aneja May 10, 2022
    by Atul Aneja May 10, 2022

    <p> The profound churning in Sri Lanka—an impending regime change now that the Rajapaksa family seems to be throwing in the towel—may chiefly benefit an untested organisation.</p> <p> With the …

  • World

    UN calls for restraint and pathway to dialogue as violence escalates in Sri Lanka

    by IN Bureau May 10, 2022
    by IN Bureau May 10, 2022

    <p> <strong>The United Nations' High Commissioner for Human Rights Michelle Bachelet on Tuesday called on the authorities in Sri Lanka to prevent further violence, and urged restraint and meaningful dialogue …

  • World

    People’s fury burns down ministers’ houses, vehicles as violence engulfs Colombo

    by IN Bureau May 9, 2022
    by IN Bureau May 9, 2022

    <p> Anger took over Colombo as people mounted attacks on supporters and ministers of the Rajapaksa government in retaliatory violence on Monday. At least three people were reported killed and …

  • World

    Prime Minister Mahinda Rajapaksa resigns amidst violence, curfew in Sri Lanka

    by IN Bureau May 9, 2022
    by IN Bureau May 9, 2022

    <p> Embattled Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday amid clashes between pro and anti-government supporters. Reportedly, a ruling party MP also was killed during the clashes in …

  • Economy

    Desperate Sri Lanka now seeks $100 million from AIIB, the China backed multilateral lender

    by IN Bureau May 9, 2022
    by IN Bureau May 9, 2022

    <p> <strong>Debt-ridden Sri Lanka has initiated talks with the Asian Infrastructure Investment Bank (AIIB) for a $100 million emergency financial package. Colombo has sought foreign exchange liquidity assistance for its …

  • World

    State of emergency will not solve Sri Lanka’s difficulties, say heads of foreign missions in Colombo

    by IN Bureau May 7, 2022
    by IN Bureau May 7, 2022

    <p> <strong>Several foreign missions and their representatives in Colombo have expressed their growing concern over the political crisis gripping Sri Lanka currently as country's President Gotabaya Rajapaksa declared a state …

  • World

    Sri Lankan parliamentarians blocked inside parliament as strike call by unions shuts down country

    by IN Bureau May 6, 2022
    by IN Bureau May 6, 2022

    <p> Sri Lanka came to a standstill on Friday after trade unions went on strike demanding President Gotabaya Rajapaksa's resignation. The island nation in the Indian Ocean is facing an …

  • Economy

    Sri Lanka’s inflation skyrockets to 29.8% in April mirroring economic decay

    by IN Bureau May 2, 2022
    by IN Bureau May 2, 2022

    <p> <strong>Amid an acute economic crisis, Sri Lanka’s inflation touched 29.8 per cent in April. In March it was 18.7 per cent. Hit by shortage of food, fuel and medicines, …

  • World

    President Rajapaksa agrees to replace brother Mahinda, to form all-party cabinet

    by Rahul Kumar April 29, 2022
    by Rahul Kumar April 29, 2022

    <p> Sri Lankan President Gotabaya Rajapaksa has agreed to replace Mahinda Rajapaksa–current Prime Minister and elder brother, and form an all-party interim government under a new prime minister.<br /> <br …

  • World

    Jayasuriya praises India for feeding Sri Lankans during economic meltdown

    by IN Bureau April 29, 2022
    by IN Bureau April 29, 2022

    <div id="cke_pastebin"> Former Sri Lankan cricketer Sanath Jayasuriya met Indian High Commissioner Gopal Baglay on Thursday and requested him for essential medicines including cancer medicines and life-saving drugs for the …

  • Videos

    Rajapaksas Losing Power Grip In Sri Lanka As Protests Surge | Sri Lanka Economic Crisis

    by IN Bureau April 26, 2022
    by IN Bureau April 26, 2022

    <p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/Sbd5lmWJgEk" title="YouTube video player" width="560"></iframe></p> <p> Sri Lanka's opposition party is working seriously to bring down the Rajapaksa party …

  • World

    Public protests widen in Sri Lanka but ruling Rajapaksa clan remains defiant

    by IN Bureau April 25, 2022
    by IN Bureau April 25, 2022

    <p> Thousands of Sri Lankan students mobbed Prime Minister Mahinda Rajapaksa's home on Sunday asking him to quit over the worsening economic situation fast turning into a humanitarian crisis.</p> <p> …

  • World

    Sri Lankan opposition targets Gotabaya Rajapaksa by proposing fewer presidential powers

    by IN Bureau April 21, 2022
    by IN Bureau April 21, 2022

    <p> Sri Lankan opposition leader Sajith Premadasa has submitted a number of proposals to Speaker Mahinda Yapa Abeyawardene on Thursday to carry out reforms in the Sri Lankan political system. …

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