On Wednesday, the IMF said that a team of its officials had reached an agreement with Sri Lankan authorities on the second review of economic reforms. Once the agreement is approved by the IMF executive board, Sri Lanka would have access to the latest tranche of $337 ...
Also on Thursday night, Secretary to the Ministry of Finance Mahinda Siriwardana gave a presentation to the parliamentarians on the short and medium-term strategies of the government to overcome the current economic crisis. Sri Lanka is facing the most serious economic crisis since its independence....
ECONOMYNEXT – Changing governments or forming a national government is not the need of the hour and Sri Lanka’s political parties must instead work on building a national consensus towards a permanent solution to the country’s economic woes, former prime minister and sole MP of the opposition...
Sri Lanka's central bank has laid out the extent of the country's worst economic crisis in more than 70 years. In its annual report, the bank outlined how last year wages failed to keep up with the soaring cost of everything from food to fuel. "Several inherent weaknesses" and "policy...
"The SEC has carefully considered the grounds that have been adduced by them and has evaluated the impact the present situation in the country could have on the stock market, in particular the ability to conduct an orderly and fair market for trading in securities," the SEC said. ...
Present situation A severe shortage of foreign currency Shortage of essential goods, including fuel, food etc. Steep devaluation of currency 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 suc...
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.
Sri Lanka economic crisis: former PM wants national consensus, not change in govt See more Why are opposition parties so hesitant to take action? “That is the dilemma. It’s a paradoxical situation in Sri Lanka. Also, why aren’t the trade unions on the streets? The w...
Sri Lanka cannot continue with the present corrupt and elitist political system. Any political party/family or individual in Sri Lanka will remember the scenes of July 9, 2022. The impact will not just remain on the island; the message is clear to all political elites in the world – genera...
The Consul General of Sri Lanka in Shanghai, Lakshitha Ratnayake was interviewed by Eastday.com during this promotional event held in Yangpu District on March 22, 2017. He talked about the present situation relating to cooperation between China and Sri Lanka in the areas of investment and trade...