COLOMBO, March 13 (Xinhua) -- An all-party conference in Sri Lanka will be held on March 23 to discuss the current economic situation in the South Asian country, said local media reports on Sunday quoting the presidential secretariat. The conference will be presided over by President Gotabaya ...
Sri Lanka, an island nation of nearly 22 million people, was once an economic hope, with a highly educatedpopulace, a solid middle class and median income among the highest in South Asia. Now many people are living on the edge, unable to buy even the basics. 斯里兰卡是一个人口近2200万的...
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 that a country’s nati...
Sri Lanka is facing the most serious economic crisis since its independence. The country's state-owned fuel distributor Ceylon Petroleum Corporation said it only has 5,000 metric tons of petrol and thus only 500 metric tons will be released to gas stations each day.■...
Prime Minister Mahinda Rajapaksa says that though all the parties represented in Parliament were urged to come forward to help resolve the current economic crisis in the country, no one has come forward.
It was in May this year that Wickremesinghe was brought back in from political near-obsolescence to be Sri Lanka’scaretakerpresident, as the country grappled through its worst economic crisis since independence. 就在今年5月,维克拉马辛哈在政治上几乎被遗忘的状态中被拉回来,成为斯里兰卡临时代理总统...
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.
Sri Lanka will begin talks with the International Monetary Fund (IMF) next month on a plan to help the crisis-hit country, where a foreign exchange shortage has squeezed essential imports amid looming debt payments, three sources said on Friday.
The ongoing political saga, which directly stems from the worsening economic crisis in Sri Lanka, is similar to events that happened in 18th century France leading up to the French Revolution. Theprimary reasonfor the French Revolution is considered to be social inequalities, an absolute monarchy ...
COLOMBO, Sri Lanka (AP) — Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesinghe’s efforts to resolve the country’s worst economic crisis. The date was announced by the ...