Sri Lanka Economic Crisis

Sri Lankan Supreme Court on Wednesday extended the travel ban imposed on the country's former Prime Minister Mahinda Rajapaksa and Basil Rajapaksa until September 5.

Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.

The T20 League which was originally slated to be played from August 1 to 21, had been rescheduled last month due to the economic crisis in the nation.

Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.

External Affairs Minister S Jaishankar on Thursday held his first meeting with newly-appointed Sri Lankan Foreign Minister Ali Sabry and reaffirmed India's commitment as a dependable friend and reliable partner to the economic recovery of Sri Lanka.

Asia Cup 2022 will be played in the UAE after the tournament was moved out of Sri Lanka due to ongoing economic crisis in the country

President Ranil Wickremesinghe on Wednesday thanked India and Prime Minister Narendra Modi for giving Sri Lanka "a breath of life" by providing timely economic assistance to his country as it faced the worst economic crisis in decades.

Former NITI Aayog Vice-Chairman Arvind Panagariya on Sunday said it would be 'silly' to compare the economic situation of Sri Lanka with India.

The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

Newly-elected President Droupadi Murmu while extending felicitations to Sri Lankan President Ranil Wickremesinghe said that India has been committed to assist the people of Sri Lanka in overcoming the challenges posed by the economic crises.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.

The Asia Cup, scheduled to begin on August 27, has been moved from Sri Lanka to the United Arab Emirates (UAE), the Asian Cricket Council announced on Wednesday

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.

India reacted "really swiftly" with an absolutely critical set of measures to help Sri Lanka tide over its economic crisis, but calls to Beijing to provide significant relief have gone unanswered, visiting USAID administrator Samantha Power said.

Sri Lankan Supreme Court on Wednesday extended the travel ban imposed on the country's former Prime Minister Mahinda Rajapaksa and Basil Rajapaksa until September 5.

Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.

The T20 League which was originally slated to be played from August 1 to 21, had been rescheduled last month due to the economic crisis in the nation.

Sri Lanka is considering a restructure of local and sovereign debt, President Ranil Wickremesinghe said on Friday, as the island nation battles its worst financial crisis in its independent history.

External Affairs Minister S Jaishankar on Thursday held his first meeting with newly-appointed Sri Lankan Foreign Minister Ali Sabry and reaffirmed India's commitment as a dependable friend and reliable partner to the economic recovery of Sri Lanka.

Asia Cup 2022 will be played in the UAE after the tournament was moved out of Sri Lanka due to ongoing economic crisis in the country

President Ranil Wickremesinghe on Wednesday thanked India and Prime Minister Narendra Modi for giving Sri Lanka "a breath of life" by providing timely economic assistance to his country as it faced the worst economic crisis in decades.

Former NITI Aayog Vice-Chairman Arvind Panagariya on Sunday said it would be 'silly' to compare the economic situation of Sri Lanka with India.

The Reserve Bank of India (RBI) has done a good job in increasing the foreign exchange reserves and the country would not face the economic problems like Sri Lanka and Pakistan, former RBI Governor Raghuram Rajan said.

Newly-elected President Droupadi Murmu while extending felicitations to Sri Lankan President Ranil Wickremesinghe said that India has been committed to assist the people of Sri Lanka in overcoming the challenges posed by the economic crises.

The World Bank does not plan to offer new financing to crisis-hit Sri Lanka until an "adequate" macroeconomic policy framework is in place, the global funding body has said.

China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.

The Asia Cup, scheduled to begin on August 27, has been moved from Sri Lanka to the United Arab Emirates (UAE), the Asian Cricket Council announced on Wednesday

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.

India reacted "really swiftly" with an absolutely critical set of measures to help Sri Lanka tide over its economic crisis, but calls to Beijing to provide significant relief have gone unanswered, visiting USAID administrator Samantha Power said.