Sri Lanka Economic Crisis

World Bank’s assistance to Sri Lanka will provide Wickremesinghe the much needed breather

<p> <strong>The World Bank loan of $700 million to cash strapped Sri Lanka will provide the Ranil Wickremesinghe government the…

2 years ago

India Sends 40,000 MT Fuel Consignment Among Other Essentials To Crisis Hit Sri Lanka

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/rkKSlfR0Rxk" title="YouTube video player" width="560"></iframe></p> <p> India has delivered…

2 years ago

Why did Ranil Wickremesinghe appoint Nasheed of Maldives as advisor for aid assistance?

<p> On Thursday, Sri Lankan Prime Minister Ranil Wickremesinghe appointed former Maldivian president Mohamed Nasheed as an advisor to help…

2 years ago

Sri Lanka’s new Prime Minister Ranil Wickramsinghe turns to India for stability and recovery

<p> Ranil Wickremesinghe who is in the hot seat as Sri Lanka's new Prime Minister has given a clear indication about the…

3 years ago

Tough road ahead for Sri Lanka’s newly inducted PM Wikremesinghe as he sets out to fix the battered economy

<p> <strong>The road ahead will be tough for Sri Lanka’s newly inducted Prime Minister Ranil Wikremesinghe, as he takes charge…

3 years ago

Besides Sri Lanka, Many Countries On The Verge Of Economic Crisis | Covid 19 | Russia Ukraine War

<p> <iframe allow="accelerometer; autoplay; clipboard-write; encrypted-media; gyroscope; picture-in-picture" allowfullscreen="" frameborder="0" height="315" src="https://www.youtube.com/embed/nUvks66W900" title="YouTube video player" width="560"></iframe></p> <p> Not only Sri…

3 years ago

Ranil Wickremesinghe sworn in as Sri Lanka’s new Prime Minister for the sixth time

<p> Former prime minister Ranil Wickremesinghe has been sworn in as Sri Lanka's new Prime Minister on Thursday evening. Wickremesinghe,…

3 years ago

Sri Lanka is not alone, several other countries are facing an economic meltdown

<p> <strong>Sri Lanka’s economic crisis triggered by a debt default and acute shortage of food and fuel leading to violence…

3 years ago

New Delhi denies rumours that Mahinda Rajapaksa is in India, though son may have left Sri Lanka

<p> With Yoshitha Rajapaksa—former prime minister Mahinda Rajapaksa's son, and his wife allegedly leaving the country on Monday amidst a…

3 years ago

Sri Lanka’s army chief says troops won’t shoot at general public

<p> Sri Lankan Chief of Defence Staff and Commander of the Army, General Shavendra Silva on Tuesday refuted allegations that…

3 years ago

Is Sri Lanka set for regime change after Mahinda Rajapaksa flees to Trincomalee?

<p> <strong>Sri Lanka is facing the worst economic crisis since its independence in 1948. The South Asian Island nation is…

3 years ago

In Sri Lanka, will the Front Line Socialist Party (FSLP) become the ultimate winner after the exit of the Rajapaksas?

<p> The profound churning in Sri Lanka—an impending regime change now that the Rajapaksa family seems to be throwing in…

3 years ago

UN calls for restraint and pathway to dialogue as violence escalates in Sri Lanka

<p> <strong>The United Nations' High Commissioner for Human Rights Michelle Bachelet on Tuesday called on the authorities in Sri Lanka…

3 years ago

People’s fury burns down ministers’ houses, vehicles as violence engulfs Colombo

<p> Anger took over Colombo as people mounted attacks on supporters and ministers of the Rajapaksa government in retaliatory violence…

3 years ago

Prime Minister Mahinda Rajapaksa resigns amidst violence, curfew in Sri Lanka

<p> Embattled Sri Lankan Prime Minister Mahinda Rajapaksa resigned on Monday amid clashes between pro and anti-government supporters. Reportedly, a…

3 years ago

Desperate Sri Lanka now seeks $100 million from AIIB, the China backed multilateral lender

<p> <strong>Debt-ridden Sri Lanka has initiated talks with the Asian Infrastructure Investment Bank (AIIB) for a $100 million emergency financial…

3 years ago

State of emergency will not solve Sri Lanka’s difficulties, say heads of foreign missions in Colombo

<p> <strong>Several foreign missions and their representatives in Colombo have expressed their growing concern over the political crisis gripping Sri…

3 years ago

Sri Lankan parliamentarians blocked inside parliament as strike call by unions shuts down country

<p> Sri Lanka came to a standstill on Friday after trade unions went on strike demanding President Gotabaya Rajapaksa's resignation.…

3 years ago

With billions of dollars, India’s Neighbourhood First policy comes to the aid of South Asia

<p> India has rushed nearly $3 billion in aid to Sri Lanka this year in the form of loans, credit…

3 years ago

Sri Lanka’s inflation skyrockets to 29.8% in April mirroring economic decay

<p> <strong>Amid an acute economic crisis, Sri Lanka’s inflation touched 29.8 per cent in April. In March it was 18.7…

3 years ago

Tamil Nadu assembly passes resolution to provide humanitarian aid to Sri Lanka

<p> The Tamil Nadu assembly passed a resolution led by Chief Minister MK Stalin seeking permission from the Ministry of…

3 years ago