By addressing these customs & border agencies’ inefficiencies, Sri Lanka could significantly improve its attractiveness to FDIs. A better LPI ranking would enhance investor confidence, as smoother trade processes signal a favorable business environment. In turn, this would stimulate economic growth, as ...
Sri Lanka's prime minister says the country is officially bankrupt. The South Asian country defaulted on its debt for the first time in its history as an independent nation in May. SIshaan Tharoor, a foreign affairs columnist at the Washington Post, joins CBS News to discuss why Sri Lanka'...
“It is justified by the ambitious nature of these targets, the need to manage Sri Lanka’s public debt rollover risks in the future and the imperative of ensuring a fair contribution from all creditors to the resolution of Sri Lanka’s debt problem, without however jeopardizing the stability ...
Sri Lanka is currently in an economic and political crisis of mass proportions, recently culminating in adefaulton its debt payments. The country is also nearly at empty on their foreign currency reserves, decreasing the ability to purchase imports and driving up domestic prices for goods. 斯里兰卡...
Sri Lanka, is a country located at Southern Asia, it has an area of 65,610 Km2 and it may be considered quite a small country. Sri Lanka, with a population of 22,156,000 people, it is ranked at 60º position by population of 196 countries and it has a
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades. Sri Lanka has been gripped by a deep financial crisis this year ...
Based on IMF staff analysis, fiscal consolidation necessary to bring debt down to safe levels would require excessive adjustment over the coming years, pointing to a clear solvency problem. Releasing the Country Report No. 2022/091: Sri Lanka: 2021 Ar
Dr. Nandalal Weerasinghe. (Photo: CBSL) While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of Government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday...
Health standards and literacy rates are high, though poverty and debt remain. Remittances from Sri Lankans working overseas aid financial recovery, but drain the nation of skilled talent. Sri Lanka remains generally unaligned in political practice, but is a member of international organizations, inclu...
LOANSByreviewingthecurrentsituationofSriLanka'sdebtproblem;aswellasitsnature;causesandrelationwithChineseloans;thisarticlearguesthattheloansfromChinaareneitherthemainsourcenorthemaincauseofSriLanka'sdebtproblem.Instead;theprojectstheyfinancedwillbringpromisingeconomicreturnstoSriLankainthelongrun.现代国际关系(英文版)...