Sri Lanka Economy Crisis
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Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
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Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
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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's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
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"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
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"Boosted Sri-Lanka Economy, Not Bankrupted It": China Slams US Criticism
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.
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Ranil Wickremesinghe: From PM To President In Sri Lanka's Troubled Times
Ranil Wickremesinghe, a seasoned politician who was appointed as the Prime Minister in May to deal with Sri Lanka's worst economic crisis in decades, faces new challenges to fix a collapsed economy, end political turmoil and unite Sri Lanka.
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Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
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Sri Lanka’s Central Bank Warns Against Crypto Purchases Amid Chaotic Government Collapse
The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.
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Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
-
Sri Lanka PM's Push For Export-Oriented Economy Amid Crisis
Amid Sri Lanka's economic meltdown, Prime Minister Ranil Wickremesinghe has elucidated the need to make policy decisions based on an export-oriented economy.
-
Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
-
Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
-
The "Unpleasant And Terrifying" Mess Sri Lanka Is In
Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain.
-
Sri Lanka's New PM Takes Charge, Says "Thank Prime Minister Modi"
Sri Lanka's new Prime Minister Ranil Wickremesinghe has said he looks forward to closer ties with India during his term and thanked India for its economic assistance to the country as it tackles the worst economic crisis since independence.
-
Sri Lanka Partially Repays Iranian Oil Bebt With $20 Million Worth Of Tea
Cash-strapped Sri Lanka said Wednesday it had exported tea worth $20 million to Iran to partially repay its $251 million oil debts, with Colombo saying Tehran's visiting foreign minister had expressed "satisfaction" at the deal.
-
Sri Lanka's Economy Not Out Crisis Yet, Says President In Budget Speech
Sri Lankan President Ranil Wickremesinghe on Monday presented his government's 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy.
-
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's Economy Shrinks 8.4 Per Cent Amid Fertiliser, Fuel Shortages
Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.
-
"We Are Not Creating Jobs Even With The Growth We Have": Raghuram Rajan To NDTV
Former RBI Governor Raghuram Rajan today said that that even though India has higher growth than many economies in the world, it is not enough.
-
"Boosted Sri-Lanka Economy, Not Bankrupted It": China Slams US Criticism
China on Thursday defended its massive infrastructure ventures and investments in crisis-hit Sri Lanka and said that they have "boosted" its economic development.
-
Ranil Wickremesinghe: From PM To President In Sri Lanka's Troubled Times
Ranil Wickremesinghe, a seasoned politician who was appointed as the Prime Minister in May to deal with Sri Lanka's worst economic crisis in decades, faces new challenges to fix a collapsed economy, end political turmoil and unite Sri Lanka.
-
Sri Lanka: 5 Basic Facts About Country Hit By Crisis
Sri Lanka is hit by a crisis, with its economy crumbling under the weight of massive foreign debt and steep inflation. President Gotabaya Rajpaksa has fled and Prime Minister Ranil Wickremesinghe has imposed an emergency.
-
Sri Lanka’s Central Bank Warns Against Crypto Purchases Amid Chaotic Government Collapse
The Central Bank of Sri Lanka (CBSL) has issued warnings to people against buying crypto assets in light of the lack of regulatory discipline at the time. Along with the governmental crisis and national economy crash, the ongoing slump in the global crypto industry is also a matter of concern for the CBSL.
-
Sri Lanka's Appeal To Farmers Amid Food Shortage: Plant More Rice
Sri Lanka wants farmers to plant more rice as part of plans to avert a severe food shortage, a top official said on Tuesday, as experts warned of a 50% drop in production that would worsen the impact of its already-severe financial crisis.
-
Sri Lanka PM's Push For Export-Oriented Economy Amid Crisis
Amid Sri Lanka's economic meltdown, Prime Minister Ranil Wickremesinghe has elucidated the need to make policy decisions based on an export-oriented economy.
-
Sri Lanka Central Bank Holds Rates; Urges Fiscal, Political Stability
Sri Lanka's central bank held its key interest rates steady on Thursday and reiterated the need for more fiscal measures and political stability.
-
Sri Lanka Can't Find Cash To Pay Even One Ship For Petrol
Sri Lanka asked citizens not to queue for gasoline as the nation on the verge of default has no dollars to pay for a fuel shipment.
-
The "Unpleasant And Terrifying" Mess Sri Lanka Is In
Running out of petrol, medicines and foreign reserves, once-booming Sri Lanka is in a mess. And the measures needed to pull its economy out of the unparalleled crisis are likely to bring even more pain.
-
Sri Lanka's New PM Takes Charge, Says "Thank Prime Minister Modi"
Sri Lanka's new Prime Minister Ranil Wickremesinghe has said he looks forward to closer ties with India during his term and thanked India for its economic assistance to the country as it tackles the worst economic crisis since independence.
