Page 43 - Sri Lanka

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Sri Lankan crisis 'man-made problem, warning signs ignored': Expert

In an interview with Amsterdam based think tank EFSAS last week, Moore said the Sri Lankan economic crisis is almost entirely caused by government decisions that were extremely unwise

IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes

The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation

Sri Lanka cabinet clears proposal to clip President Rajapaksa's power

Decision follows announcement from main opposition party that it has garnered enough support for a no-trust vote against the government.

Sri Lanka's debt restructuring to impact bilateral loans: Chinese envoy

Debt-ridden Sri Lanka is grappling with an unprecedented economic turmoil since its independence from Britain in 1948

S&P lowers Sri Lanka's sovereign rating to "Select Default" grade

Country misses Sovereign Bond interest payments

No-trust vote likely in Lanka after Oppn gets hold of required support

Stocks plunge nearly 10%

Sri Lanka PM says he is in good health, rejects 'false propaganda'

'The propaganda that the Prime Minister is being treated in a private hospital for an illness is completely false,' the Prime Minister's Media Division (PMMD) said

SJB claims having over 113 signers for no-confidence against Sri Lanka govt

One of the demands of recent anti-government protests has been a constitutional amendment to reduce the power of the executive

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading

Sri Lankans to face severe power cuts due to lack of sufficient fuel, water

Ceylon Electricity Board announced that power cuts will be imposed in 20 zones from 'A' to 'W' between 8.30 am and 6.00 pm (local time) for 3 hours and between 6.00 pm and 10.30 pm for 30 minutes

Situation tense near Lankan PM's residence amid anti-government protests

Food and fuel shortages, soaring prices and power cuts are affecting a large number of the people resulting in massive protests in the country

Thousands of students mob Sri Lanka PM's home over economic trouble

Dozens were demonstrating from the parapet and boundary walls of the official residence - in images similar to that of a seize

Sri Lanka to appoint advisors on debt restructuring in next 20 days

Sabry said that the discussions he started with IMF officials in Washington would end on Sunday, and that there are a lot more discussions to be held ahead

IMF assures to support Sri Lanka's efforts to overcome economic crisis

The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis

IMF says it held 'fruitful' discussions with Sri Lanka on loan request

IMF on Saturday said that it held "fruitful technical discussions" with Sri Lankan authorities on the island nation's request for an IMF-supported loan program this week.

IMF says held 'fruitful' technical talks with Sri Lanka on loan request

The Fund said in a statement that the discussions included the need for Sri Lanka to implement 'a credible and coherent strategy' to restore macroeconoimc stability

Sri Lanka PM dismisses calls for interim govt to tackle economic crisis

Anti-government protesters in Sri Lanka are demanding the resignation of President Gotabaya Rajapaksa, Prime Minister Mahinda as they blame government policies for the forex crisis

India extends additional $500 mn credit line to Sri Lanka for fuel purchase

India has already agreed to defer USD 1.5 billion in import payments that Sri Lanka needs to make to the Asian Clearing Union

China must be treated as equal Sri Lanka creditor: India to IMF, World Bank

"All creditors must be treated equally and with transparency," Sitharaman said in an interview in Washington Friday. "I've emphasized that point in general and in the context of Sri Lanka."