Thursday, Mar 28, 2024 | Last Update : 09:48 PM IST

Sri Lanka economic crisis Page-2

Poverty in Sri Lanka to spike this year, warns World Bank

The heightened fiscal and external risks as well as the challenging political situation pose significant uncertainty to the economic outlook

26 Apr 2022 1:32 PM

India extends additional USD 500 million credit line to Sri Lanka for fuel purchase

Sri Lanka has been struggling to pay for imports after its foreign exchange reserves plummeted sharply in recent times

23 Apr 2022 1:25 PM

World Bank ready to provide emergency support to Sri Lanka: Report

The IMF has commended the steps already taken by the Finance Minister to mitigate the present financial situation in Sri Lanka

20 Apr 2022 1:49 PM

Sri Lanka PM Mahinda Rajapaksa proposes Constitutional amendment

Mahinda Rajapaksa intends to propose a new Constitutional Amendment to the Cabinet in order to fulfil the people's aspirations

19 Apr 2022 11:41 AM

Sri Lankan President Gotabaya Rajapaksa appoints new Cabinet of 17 ministers

The Cabinet appointment came as the island-wide protests continued to force the resignation of the president and his family

18 Apr 2022 12:50 PM

ADVERTISEMENT

India open to additional $2 bln aid for Sri Lanka with eye on China: Sources

China has extended a $1.3 billion syndicated loan and a $1.5 billion-yuan denominated swap, while negotiations are ongoing for more loans

14 Apr 2022 11:31 AM

Sri Lanka announces default on all external debt

The finance ministry said creditors were free to capitalise any interest payments due to them from Tuesday afternoon

12 Apr 2022 12:45 PM

Lankan fuel pumps may go dry by April end; India's credit line exhausting fast

People have been protesting for weeks over lengthy power cuts and shortage of gas, food and other basic goods

08 Apr 2022 10:47 AM

US cautions its citizens against travelling to Sri Lanka

US issued the warning pointing to the fuel and medicine shortages, as well as the COVID-19 and terror threats in the Island nation

07 Apr 2022 11:30 AM

Sri Lanka's Opposition rejects President's invitation to join unity government

The largest opposition political party rejected the president's proposal of a unity government and termed this spate of resignations a sham

05 Apr 2022 7:46 AM

ADVERTISEMENT

Sri Lanka's Cabinet of Ministers resigns, as country faces its worst economic crisis

Political experts said the ministers came under intense pressure from the public over the govt's alleged mishandling of the economic crisis

04 Apr 2022 10:39 AM

Crisis-hit Sri Lanka blocks social media to contain anti-govt protests

Anonymous activists had called for mass protests on Sunday on social media before the order went into effect

03 Apr 2022 11:47 AM

Sri Lanka declares public emergency amidst protests over economic crisis

The move came after a violent protest erupted outside the residence of Rajapaksa on Thursday as hundreds of demonstrators gathered there

02 Apr 2022 10:38 AM

ADVERTISEMENT
ADVERTISEMENT