In reality, the IMF loan is tied to an unprecedented austerity program that effectively puts the country under the governance of this institution of international finance capital. IMF mission chief …
Sri Lanka reels from aftershocks of debt crisis
We’ll send you a myFT Daily Digest email rounding up the latest Sri Lanka news every morning. On Colombo’s seafront promenade Galle Face, once a hub for anti-government protesters, a brother and …
Sri Lanka reels from aftershocks of debt crisis
We’ll send you a myFT Daily Digest email rounding up the latest Sri Lanka news every morning. On Colombo’s seafront promenade Galle Face, once a hub for anti-government protesters, a brother and …
Barista becomes the largest coffee chain in Sri Lanka
Rajat Agrawal, chief executive officer of Barista, said the company is planning to increase its presence in Maldives, Bangladesh, Nepal, Myanmar and the Middle East …
Like Pakistan, Sri Lanka’s fate too hanging in limbo on international bailout package amid financial crisis
India’s neighbour Sri Lanka, similar to Pakistan, is falling into a deeper economic crisis as the international bailout package from the International Monetary Fund (IMF) hangs in limbo. Sri Lanka’s …
Liberal MP Gary Anandasangaree calls Sri Lanka a ‘failed and bankrupt state’
A government MP and parliamentary secretary to a cabinet minister is calling Sri Lanka “a failed and bankrupt state” as the country receives another international bailout.
$4b IMF bailout for ailing Sri Lanka comes with tough reforms
Sri Lank must offload loss-making public enterprises, institute anti-corruption laws and recover stolen state assets. Read more at straitstimes.com.
IMF to assess Sri Lankan governance as part of $3B bailout
The International Monetary Fund says it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program. The …
IMF approves crucial $3B bailout for bankrupt Sri Lanka
The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka …
Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days
A man jumps off his scooter to protect himself from firecrackers as group of supporters of President Ranil Wickremesinghe celebrates while he addresses the nation, after the International Monetary Fun …