Sri Lanka Finance Minister

Sri Lanka's highest court has allowed former finance minister Basil Rajapaksa to travel overseas until Jan. 15, anti-corruption body Transparency International Sri Lanka said on Friday.

After 4 states' ruling parties question the motive, Foreign Minister says no political intent, only that Lanka crisis holds "strong lessons"

Basil Rajapaksa, Sri Lanka's former finance minister, was trying to fly to Dubai but had to stay back after people at the airport identified him and immigration officers refused to clear his journey, sources have said.

The brother of Sri Lanka's president and the country's former finance minister Basil Rajapaksa said on Thursday that he had resigned from parliament.

Crisis-hit Sri Lanka's Prime Minister Ranil Wickremesinghe, who is also the finance minister, said on Thursday that the government was targeting USD 5 billion this year for repayments, plus a further USD 1 billion to bolster the country's reserves.

Sri Lanka's Prime Minister Ranil Wickremesinghe was on Wednesday given the additional responsibility of running the finance ministry as the island nation grapples with its worst-ever economic crisis.

Sri Lankan President Gotabaya Rajapaksa on Monday expanded the Cabinet with the induction of eight more ministers but he did not appoint a finance minister to handle the economic affairs of the crisis-hit nation.

Sri Lanka's new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation's finances even as authorities are forced to print money to pay government salaries.

Crisis-hit Sri Lanka has run out of petrol and is unable to find dollars to finance essential imports, the new prime minister said Monday in an address to the nation.

Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country's finance minister said Wednesday while warning of an imminent cash crunch.

India has agreed to extend an additional USD 500 million credit line to help Sri Lanka import fuel, Finance Minister Ali Sabry said, amid delays in chalking out a bailout package with the IMF to mitigate the dire financial crisis facing the nation.

Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.

Nirmala Sitharaman met her Sri Lankan counterpart Ali Sabry and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to the island nation amidst its worst economic crisis.

Even while the world faces economic challenges in the face of various waves of COVID-19 pandemic, the International Monetary Fund (IMF) has praised India's resilient economy.

Sri Lanka has requested the International Monetary Fund (IMF) for rapid financial assistance and the global lender could consider it after initial reluctance, an aide to the country's finance minister said on Tuesday.

Sri Lanka's highest court has allowed former finance minister Basil Rajapaksa to travel overseas until Jan. 15, anti-corruption body Transparency International Sri Lanka said on Friday.

After 4 states' ruling parties question the motive, Foreign Minister says no political intent, only that Lanka crisis holds "strong lessons"

Basil Rajapaksa, Sri Lanka's former finance minister, was trying to fly to Dubai but had to stay back after people at the airport identified him and immigration officers refused to clear his journey, sources have said.

The brother of Sri Lanka's president and the country's former finance minister Basil Rajapaksa said on Thursday that he had resigned from parliament.

Crisis-hit Sri Lanka's Prime Minister Ranil Wickremesinghe, who is also the finance minister, said on Thursday that the government was targeting USD 5 billion this year for repayments, plus a further USD 1 billion to bolster the country's reserves.

Sri Lanka's Prime Minister Ranil Wickremesinghe was on Wednesday given the additional responsibility of running the finance ministry as the island nation grapples with its worst-ever economic crisis.

Sri Lankan President Gotabaya Rajapaksa on Monday expanded the Cabinet with the induction of eight more ministers but he did not appoint a finance minister to handle the economic affairs of the crisis-hit nation.

Sri Lanka's new government plans to sell its national airline to stem losses, part of efforts to stabilize the nation's finances even as authorities are forced to print money to pay government salaries.

Crisis-hit Sri Lanka has run out of petrol and is unable to find dollars to finance essential imports, the new prime minister said Monday in an address to the nation.

Sri Lanka will have to endure its unprecedented economic hardships for at least two more years, the country's finance minister said Wednesday while warning of an imminent cash crunch.

India has agreed to extend an additional USD 500 million credit line to help Sri Lanka import fuel, Finance Minister Ali Sabry said, amid delays in chalking out a bailout package with the IMF to mitigate the dire financial crisis facing the nation.

Sri Lanka's finance minister said on Friday that India and the World Bank are considering extending about $2 billion in bridge finance so it can continue essential imports.

Nirmala Sitharaman met her Sri Lankan counterpart Ali Sabry and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation and assistance to the island nation amidst its worst economic crisis.

Even while the world faces economic challenges in the face of various waves of COVID-19 pandemic, the International Monetary Fund (IMF) has praised India's resilient economy.

Sri Lanka has requested the International Monetary Fund (IMF) for rapid financial assistance and the global lender could consider it after initial reluctance, an aide to the country's finance minister said on Tuesday.