Sri Lankan Finance Minister Ali Sabry resigned on Tuesday, less than 24 hours after his appointment on Monday. Dr. Srimal Fernando, an academic specialist in international relations and an adviser on new regional diplomacy, says the economic crisis in the country is a big concern....
Lanka Premier League (LPL). Image-srilankacricket.lk The Lanka Premier League 2022 was on Sunday postponed indefinitely owing to the ongoing economic crisis inSri Lanka. Initially, the third edition of the LPL was scheduled to begin on August 1 and conclude by August 21. There was a draft ...
SRI LANKA: ECONOMIC CRISIS RAMPING UP, AS WAR WINDS DOWNFeizal Samath
Inflation is very high How did Sri Lanka get here? Critics say the roots of the crisis, the worst in several decades, lie in economic mismanagement by successive governments that created and sustained a twin deficit – a budget shortfall alongside a current account deficit. Twin deficits signal ...
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over the next four months to buy medicine and other essential items, the country’s finance minister said Friday, as the Indian ocean island suffers its worst economic crisis in decades. ...
Sri Lanka's Finance Minister Basil Rajapaksa and Central Bank Governor Nivard Cabraal are leading negotiators with creditors and authorities hope to manage a forex crisis in the next six months, cabinet spokesman Minister Ramesh Pathirana said.
ECONOMYNEXT – The European Union (EU) will provide 200,000 Euros (over 74 million rupees) in humanitarian aid for first-aid, medical supplies and sanitary purchases for some 80,000 low-income families affected by Sri Lanka’s ongoing economic crisis, the EU Delegation to Sri...
He further said that Sri Lanka also needs to pay close attention to its foreign relations to rally more international support as the country was becoming marginalized in the world due to its poor foreign policies. Sri Lanka is in the middle of its worst ever economic crisis due to a foreign...
Thousands of people have taken to the streets of Sri Lanka to protest against the government's handling of the country's worst economic crisis, despite a nationwide curfew being in place. Armed troops confronted crowds of demonstrators, while police fired tear gas and w...
COLOMBO, June 2 (Xinhua) -- Sri Lanka's Department of Zoology has informed the Wildlife Ministry that it has run out of funds to provide daily food to animals in zoos amid the ongoing economic crisis, local media reported on Thursday. ...