Sri Lanka Economic Crisis

<p> One person was killed and 24 injured when the Sri Lankan police opened fire on a crowd protesting against the fuel price hike by the Ceylon Petroleum Corporation (CPC) …

<p> International Monetary Fund (IMF) Managing Director, Kristalina Georgieva, appreciated India's role in supporting Sri Lanka through its economic and humanitarian crises. She shared her views with Finance Minister Nirmala …

<p> Sri Lanka's newly-appointed Finance Minister Ali Sabry is leading a delegation to the International Monetary Fund (IMF) in Washington, USA, for a $4 billion loan to bail out the …

<p> <strong>Amid Sri Lanka’s deepening economic crisis, <a href="https://www.cse.lk/">Colombo Stock Exchange</a> (CSE) has decided to temporarily shut for five working days starting Monday.</strong></p> <p> The country’s Securities and Exchange Commission …

<p> India is thinking of providing another $2 billion in financial support to Sri Lanka along with sending food and fuel to ensure that the crisis in the island nation …

<p> The Sri Lankan Finance Ministry announced on Tuesday afternoon that the country was temporarily suspending all foreign debt payments including loans from foreign governments. The island nation with a …

<p> Sri Lankan ambassador to China, Palitha Kohona says that China is ready to support the island nation with almost $2.5 billion in finances. Sri Lankan President Gotabaya Rajapaksa had …

<p> <strong>Cash starved Sri Lanka has annouonced that it will default on its $51 billion external debt on Tuesday while it is awaiting necessary financial assistance from the International Monetary …

<p> <strong>Debt ridden Sri Lanka, which is now looking for financial assistance from multilateral lenders including the International Monetary Fund, has finally decided to increase tax rates. The IMF has …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/mWNWSgkwCGE" title="YouTube video player" width="560"></iframe></p> <p> Sri Lankan former cricketers applauded Indian government and Prime Minister Modi for helping …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/jSwLfav0jaM" title="YouTube video player" width="560"></iframe></p> <p> Like Sri Lanka, Pakistan is also the biggest beneficiary of economic assistance from …

<p> Sri Lanka has decided to shut down its embassies in Norway and Baghdad and also its consulate in Sydney by the end of April. A statement by the Foreign …

<p> With the Sri Lankan economic downturn fast snowballing into a social and political crisis, professional groups are now joining people on the streets.</p> <p> Among the Sri Lankan diaspora, …

<p> A popular revolt triggered by a massive financial meltdown is threatening to  cause “regime change” in Sri Lanka, with the mighty House of the Rajapaksas facing collapse.</p> <p> Already …

<p> <strong>The economic crisis in Sri Lanka has led to a large number of school dropouts despite having a provision for universal free education. Last month, school examinations in the …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/_NXDYzjrxFc" title="YouTube video player" width="560"></iframe></p> <p> India starts supplying rice to Sri Lanka in the first major food aid …

<p> India has rushed 40,000 tonnes of diesel under a $1 billion credit line given to Sri Lanka. The ship carrying the fuel has reached the island nation and the …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/oNok-PpOpjU" title="YouTube video player" width="560"></iframe></p> <p> External Affairs Minister Dr. S Jaishankar directed Indian High Commissioner Gopal Baglay to …

<p> <strong>Cash strapped Sri Lanka, with a debt burden of $6.9 billion this year, has sought another credit line of $1.5 billion from India to meet its import requirements. India …

<p> The Sri Lankan food and fuel crisis is likely to haunt the island nation's first family—the Rajapaksas. The clan holds as many as nine positions in the government—the prominent …

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rG2iRSxClfs" title="YouTube video player" width="560"></iframe></p> <p> Amid its worst ever economic crisis, Sri Lanka has been hit by severe …