Sri Lankan Forex Crisis

With Sri Lanka running out of foreign exchange reserves, the local elections that were scheduled for March 9 have been deferred due to a lack of funds to import essentials …

<p> <strong>Amid an acute economic crisis, Sri Lankan finance minister Basil Rajapaksa will visit India. New Delhi is likely to announce another $1 billion line of credit to Colombo, which …

<p> <strong>India has almost finalized extension of another $1 billion line of credit to cash strapped Sri Lanka. Earlier during the month, New Delhi provided $500 to the island nation. …

<p> <strong>Will Sri Lanka restructure its albatross-like external debt? After the country’s foreign exchange reserves dipped to $1.6 billion in November, it improved to $3.1 billion in December. But is …