Page 34 - Sri Lanka

Sri Lankan envoy meets FM Sitharaman, raises need for bridge financing

Moragoda reiterated that Sri Lanka would require "bridging finance" until the economic adjustment programme with the IMF could be negotiated and finalised, according to Sri Lankan High Commission

Consignment of 25 tonnes of medical supplies from India reaches Sri Lanka

Last week, India had sent urgent relief supplies comprising 9,000 metric tonnes (MT) of rice, 200 MT milk powder and 24 MT life-saving medicines with a combined value of Rs 45 crore to Sri Lanka.

Need ample assurances on Sri Lanka's debt sustainability restoration: IMF

As Sri Lanka's public debt is assessed as "unsustainable," the IMF said it requires sufficient assurance from the nation that it will restore debt sustainability during the debt restructuring process

Rising risk of Sri Lankan banks defaulting on their obligations: S&P

This trend is expected to persist until the Sri Lanka's external situation stabilises, which may take time, S&P said in a statement

Sri Lanka PM Wickremesinghe stresses urgency for economic reform plan

Sri Lanka's PM Ranil Wickremesinghe said that he will quickly prepare an economic reform programme and seek approval from the International Monetary Fund

Sri Lanka closing inching closer on test and series win against Bangladesh

Angelo Mathews and Dinesh Chandimal hit centuries as Sri Lanka raised hope of winning the second test after reducing Bangladesh to 34-4 on day four Thursday.

India is supporting crisis-hit Sri Lanka in all possible ways: PM Modi

As a close friend and neighbour, India is providing support to Sri Lanka which is reeling under a serious economic crisis, Prime Minister Narendra Modi said here on Thursday.

PM Modi picks Tamil pitch, CM Stalin targets Centre over 'true federalism'

TN CM said the Centre should increase funds and projects for the state and sought exemption to Tamil Nadu from NEET

Former Sri Lankan PM Rajapaksa questioned by CID over May 9 violence

The Sri Lankan police have questioned former prime minister Mahinda Rajapaksa and recorded a 3-hour-long statement over the violent clashes between his supporters and anti-government protesters

Expect breakthrough in Vande Bharat export efforts: RITES CMD Rahul Mithal

'From the last lot of coaches and diesel electric multiple units exported to Sri Lanka, we are expecting a revenue of close to Rs 100 crore'

Sri Lanka PM appointed as finance minister, to lead debt talks with IMF

He has held talks with foreign envoys, including from India, China and the US, and discussed with representatives from ADB and World Bank ways to replenish food, fertilizer and medicine supplies

Fuel distribution in Sri Lanka gets more difficult amid public unrest

Fuel distribution in crisis-hit Sri Lanka has become more challenging due to public anger and a record hike in fuel prices with people many a times spending more than a day to get fuel

World Bank rules out new loan commitments to crisis-hit Sri Lanka

The World Bank has ruled out bridge financing or new loan commitments to crisis-hit Sri Lanka until the island nation's economy sets up an adequate macroeconomic policy framework

Default threat reaches Pak as inflation rises, political crisis worsens

Without a bailout from the International Monetary Fund, Pakistan may default for the second time in its history amidst inflation at its peak.

Sri Lanka hikes fuel prices; petrol at all-time high of Rs 420 per litre

Sri Lanka raised the petrol price by 24.3 per cent and diesel by 38.4 per cent, a record hike in fuel prices amidst the country's worst economic crisis due to the shortage of foreign exchange reserves

Lanka seeks $500-mn loan from India for fuel purchases amid forex crisis

The economic crisis has also triggered a political crisis in Sri Lanka and a demand for the resignation of President Gotabaya Rajapaksa

Sri Lanka inflation could top 40%, warns PM Ranil Wickremesinghe

'We have no rupee revenue, and now we have to print another (one) trillion rupees,' he said

LIVE: Govt allows import of 20 lakh MT each of crude soybean, sunflower oil

This is for a period of 2 years at nil rate of customs duty and Agricultural Infrastructure and Development Cess

Sri Lanka picks Lazard, Clifford Chance as advisers for debt restructuring

Sri Lanka has hired leading financial and legal advisory firms Lazard and Clifford Chance LLP to support its debt restructuring as the country is on the brink of bankruptcy

USAID admin calls Lankan PM, offers support to overcome financial crisis

The US development agency has pledged support to the people of Sri Lanka, saying that it is committed to helping the island nation weather the financial crisis