Page 36 - Sri Lanka
Inflation likely to hit 40% in a few months: Sri Lanka's central bank
Holds interest rates, says it will take at least six months to repay debts
 "Inflation likely to hit 40% in a few months: Sri Lanka's central bank")
RBI allows settlement of trade transactions with Sri Lanka in Indian rupee
Sri Lanka is facing its worst economic crisis since gaining independence from Britain in 1948
 "RBI allows settlement of trade transactions with Sri Lanka in Indian rupee")
RBI approves India, Sri Lanka trade settlement in rupee outside ACU
Regulatory nod only for State Bank of India's term loan of $1 billion for island nation battling economic crisis.
 "RBI approves India, Sri Lanka trade settlement in rupee outside ACU")
Need to restructure debts to be able to pay it back: Sri Lankan Bank Gov
Sri Lanka won't be able to pay back its debts until it restructures them, Central Bank governor P Nandalal Weerasinghe said as he called for the early appointment fo restructuring process.
 "Need to restructure debts to be able to pay it back: Sri Lankan Bank Gov")
Sri Lanka PM assures parliament of sufficient fuel stocks till mid-June
Sri Lanka Prime Minister Wickremesinghe on Thursday assured the country's lawmakers that the island nation has been able to secure sufficient stocks of diesel and petrol which will last till mid-June.
 "Sri Lanka PM assures parliament of sufficient fuel stocks till mid-June")
Crisis-hit Sri Lanka falls into default, warns inflation may surge to 40%
Sri Lanka Missed $78M Bond Coupon, $105M China Payment April 18
 "Crisis-hit Sri Lanka falls into default, warns inflation may surge to 40%")
Sri Lankan army ended war with LTTE through 'humanitarian operation': Prez
Sri Lankan President Gotabaya Rajapaksa has praised the country's military for ending the brutal conflict with the LTTE in 2009
 "Sri Lankan army ended war with LTTE through 'humanitarian operation': Prez")
No shoot-on-sight orders given during violence: Lankan PM Wickremesinghe
The order came after mobs had gone on the rampage attacking properties linked to the Rajapaksa family and those close to them
 "No shoot-on-sight orders given during violence: Lankan PM Wickremesinghe")
Global economy loses $1.6 trn as world struggles to avoid a new Cold War
Russia's invasion of Ukraine and China's Covid Zero lockdowns are disrupting supply chains, hammering growth and pushing inflation to forty-year highs.
 "Global economy loses $1.6 trn as world struggles to avoid a new Cold War")
Sri Lanka central bank keeps key rates unchanged amid debt crisis
The Standing Lending Facility rate remained unchanged at 14.50% while the Standing Deposit Facility Rate was steady at 13.50%.
 "Sri Lanka central bank keeps key rates unchanged amid debt crisis")
Sri Lankan economic crisis brings opportunity for Indian tea industry
The tea traders of North Bengal said that the present condition in Sri Lanka, which has been unable to export its tea, can create opportunities for the new market in India
 "Sri Lankan economic crisis brings opportunity for Indian tea industry")
Sri Lankan protesters include Tamil victims in civil war memorial
Sri Lankan protesters lit flames and offered prayers Wednesday remembering thousands including ethnic Tamil civilians killed in the final stages of the country's decadeslong civil war
 "Sri Lankan protesters include Tamil victims in civil war memorial")
Sri Lanka misses ADB payment, Lankan PM Wickremesinghe tells Parliament
Sri Lankan Prime Minister Ranil Wickremesinghe on Wednesday said the country has missed a payment to the Asian Development Bank,
India likely to extend credit line to Sri Lanka for essential medicines
The quantum of the line of credit to be extended is not yet known
 "India likely to extend credit line to Sri Lanka for essential medicines")
Distracting people won't alter facts, India looks lot like Sri Lanka: Rahul
Rahul Gandhi on Wednesday hit out at the government over rising inflation and unemployment and said India looks a "lot like Sri Lanka" and the Centre should not distract people.
 "Distracting people won't alter facts, India looks lot like Sri Lanka: Rahul")
Sri Lanka can't find cash to pay even one ship for petrol, says minister
Prime Minister has said the nation is working to obtain dollars in the open market to also pay for three ships with crude oil.
 "Sri Lanka can't find cash to pay even one ship for petrol, says minister")
Unbeaten at 85 against Lanka, Bangladesh's Mushfiqur crosses 5k Test runs
Mushfiqur Rahim became the first Bangladesh batter to reach 5,000 Test runs, scoring an unbeaten 85 to help the home team cut the first-innings deficit to 12 runs at lunch
 "Unbeaten at 85 against Lanka, Bangladesh's Mushfiqur crosses 5k Test runs")
Sri Lanka gets $160 mn from World Bank; PM says will use some to buy fuel
Sri Lanka has received $160 Million from the World Bank and is looking at the possibility of using some of it to buy fuel, PM Ranil Wickremesinghe told Parliament on Wednesday
Sri Lanka to default on debt, no money for fuel, says power minister
An economic crisis unprecedented in Sri Lanka's history since independence in 1948 has led to a critical shortage of foreign exchange
 "Sri Lanka to default on debt, no money for fuel, says power minister")
Lanka's Parliament defeats no-trust motion against President Rajapaksa
Ruling party wins deputy speaker's election; two lawmakers arrested
 "Lanka's Parliament defeats no-trust motion against President Rajapaksa")
