Sri Lanka Economic Crisis
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Hackers Steal $2.5 Million From Sri Lanka Government, Highest In Its History
The money was destined as debt repayment to Australia, finance ministry secretary Harshana Suriyapperuma said.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
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Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
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World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
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World Bank Approves $500 Million In Budgetary Support To Sri Lanka
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
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Expecting Agreement To Solve Ethnic Conflict By Year-End: Lanka President
Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community.
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Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
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Sri Lanka To Seek $1 Billion As Credit From India For Essential Items: Report
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday.
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IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
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Sri Lankan Government's Printer Requests Funds To Print Ballot Papers
The Sri Lankan government's printer Gangani Liyanage on Thursday made written requests to both the Treasury Secretary and police chief to hold the much-delayed local council elections now scheduled for April 25.
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"Will Play Positive Role" In Helping Bankrupt Sri Lanka, Says China
China said on Wednesday that it would "play a positive role" in helping bankrupt Sri Lanka get through its debt crisis after agreeing to restructure its loans.
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Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
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Amid Economic Crisis, Sri Lanka Postpones March 9 Elections
Sri Lanka's Election Commission on Friday formally announced that the local body elections will not be held on March 9 as planned and a fresh date will be notified on March 3.
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Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
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Hackers Steal $2.5 Million From Sri Lanka Government, Highest In Its History
The money was destined as debt repayment to Australia, finance ministry secretary Harshana Suriyapperuma said.
-
Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
Cop Sacked For Playing Piano As Protesters Broke Into Sri Lanka President's House
Sri Lanka's police force said Friday it had sacked an officer who entertained protesters with an impromptu piano performance after they entered the island nation's presidential compound last year.
-
Sri Lanka Records Single-Digit Inflation For 1st Time Since Crisis: Data
Cash-strapped Sri Lanka on Monday said that its inflation has dropped to 6.3 per cent, a single-digit figure for the first time in two years, providing much-needed relief to the people amidst the worst financial crisis.
-
World Bank Approves $700 Million In Support For Crisis-Hit Sri Lanka
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
-
World Bank Approves $500 Million In Budgetary Support To Sri Lanka
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
-
Expecting Agreement To Solve Ethnic Conflict By Year-End: Lanka President
Sri Lankan President Ranil Wickremesinghe on Monday said he is keen on settling the ethnic conflict with the minority Tamil community.
-
Sri Lanka Approves IMF's $3 Billion Bailout Package
Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic
-
Sri Lanka To Seek $1 Billion As Credit From India For Essential Items: Report
Sri Lanka would seek a new temporary credit facility of USD 1 billion from India to purchase essential items including food and medicine, the official media here reported on Monday.
-
IMF Approves $2.9 Billion Bailout For Sri Lanka
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
-
Sri Lankan Government's Printer Requests Funds To Print Ballot Papers
The Sri Lankan government's printer Gangani Liyanage on Thursday made written requests to both the Treasury Secretary and police chief to hold the much-delayed local council elections now scheduled for April 25.
-
"Will Play Positive Role" In Helping Bankrupt Sri Lanka, Says China
China said on Wednesday that it would "play a positive role" in helping bankrupt Sri Lanka get through its debt crisis after agreeing to restructure its loans.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
Amid Economic Crisis, Sri Lanka Postpones March 9 Elections
Sri Lanka's Election Commission on Friday formally announced that the local body elections will not be held on March 9 as planned and a fresh date will be notified on March 3.
-
Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
