Sri Lanka Economic Crisis

Sri Lankan President slams China over debt restructuring problems at Tokyo event

Sri Lankan President Ranil Wickremesinghe has criticised China for excluding itself from multilateral talks focused on reducing the island nation's…

1 year ago

Is China blocking Sri Lanka’s access to an IMF bailout package?

Voices are being raised in Sri Lanka about the dubious support that fast friend China is providing in Colombo's bid…

2 years ago

Italy to supply helicopters to Sri Lanka to combat human trafficking

Italy plans to supply helicopters to Sri Lanka to support its battle against human trafficking, President Ranil Wickremesinghe's office said…

2 years ago

India leads in backing Sri Lanka’s case for IMF funds

As part of its Neighbours-First policy, India has taken the lead in backing Sri Lanka’s request for finance and debt…

2 years ago

Indian Navy chief begins crucial Sri Lanka visit amid Chinese activism in Indian Ocean

In a visit that amplifies India's 'Neighbourhood First' policy as well as the Security and Growth for All in the…

2 years ago

Sri Lanka holds second round of talks on debt restructuring as China remains aloof

Sri Lankan state minister of finance Shehan Semasinghe told local media that the country is holding the second round of…

2 years ago

Sri Lanka appoints Maldivian Speaker Nasheed, Norwegian ex-minister Solheim as climate advisors

Sri Lankan President Ranil Wickremesinghe has appointed former Maldivian president Mohamed Nasheed as his International Climate Advisor. Wickremesinghe also appointed…

2 years ago

Can Sri Lanka downgrade from middle-income to low-income country to get foreign funds?

With Sri Lanka still on a weak wicket on the economic and financial fronts, it is looking at newer ways…

2 years ago

India to train 1,500 Sri Lankan army personnel as part of Neighbourhood First policy

India will provide training to 1,500 personnel of the Sri Lankan armed forces every year. The Sri Lankan media quoted…

2 years ago

Is China arm-twisting Sri Lanka as price to restructure loan?

Sri Lankan President Ranil Wickremesinghe said on Thursday that the Indian Ocean region should be open to all for freedom…

2 years ago

Sri Lanka approaches Japan, China and India to restructure debt

Sri Lanka plans to hold debt restructuring talks with Japan, China and India—its three largest bilateral creditors. This follows successful…

2 years ago

India, South Asia and ASEAN should think big—must integrate for global good, says ADB economist

As the global economy shrinks and countries chase the International Monetary Fund (IMF) and the World Bank (WB) for bailouts,…

2 years ago

Quad backs Sri Lanka to salvage economy: Dr Srimal Fernando

Sri Lanka has seen one of its worst years—the government decided to default on its external debt, widespread shortages of…

2 years ago

Is Japan diluting Chinese influence by supporting Sri Lanka in its economic recovery?

Japan, one of the main creditors of Sri Lanka along with India and China, plans to organise a meeting of…

2 years ago

Sri Lanka’s Wickremesinghe requests China for debt restructuring

Amid economic turmoil, Sri Lankan President Ranil Wickremesinghe urged China on Thursday to restructure its debt as Beijing is Colombo's…

2 years ago

Australia, India join hands to provide fuel to Sri Lankan armed forces

Australia has said that it will provide fuel to Sri Lanka’s navy and air force with support from India. With…

2 years ago

IOC subsidiary in Sri Lanka to open more fuel stations to counter energy crisis

<p> <strong>Lanka Indian Oil Corporation (LIOC), a subsidiary of Indian Oil Corporation in Sri Lanka, is set to open 50…

2 years ago

Will Sri Lanka stand up to Chinese pressure on the spy ship row?

<p> By mounting pressure on Sri Lanka to accept a research ship, which India calls a spy ship, Beijing is…

2 years ago

Sri Lanka President warns that the economic stress will continue for at least another year

<p> <strong>Sri Lanka’s President Ranil Wickremesinghe has said that the country's economic crisis would continue for at least one more…

2 years ago

Sri Lanka’s economic crisis won’t end anytime soon despite talks with IMF

<p> <strong>Sri Lanka’s unprecedented economic crisis will not end anytime soon. While talks have resumed between Colombo and the International…

2 years ago

International human rights body wants Singapore to arrest former Sri Lankan President Gotabaya Rajapaksa

<p> Sri Lankan newspaper <em>Daily Mirror </em>has reported that the South Africa-based International Truth and Justice Project (ITJP) wants former…

2 years ago