The United States will support the restructuring of Sri Lanka’s debt and extend financing assurances, the media office of the crisis-hit island nation’s president said on Wednesday, citing the U.S.
IMF announces preliminary bailout loan agreement with Sri Lanka
Working class must prepare its counteroffensive against the government’s austerity drive relying on its own class methods and rallying the rural poor.
‘Sri Lanka’s economic crisis a consequence of past impunity for rights abuses, economic crimes’
COLOMBOLinking Sri Lanka’s past record on human rights record to its current economic crisis, the UN Human Rights Chief on Tuesday said “impunity” for human rights abuses, e …
‘Sri Lanka’s economic crisis a consequence of past impunity for rights abuses, economic crimes’
COLOMBOLinking Sri Lanka’s past record on human rights record to its current economic crisis, the UN Human Rights Chief on Tuesday said “impunity” for human rights abuses, e …
Sri Lanka Opposition asks government to table IMF deal in Parliament
On September 1, the IMF reached a staff-level agreement to support Sri Lanka’s economic policies with a 48-month arrangement under the Extended Fund Facility of about $2.9 billion.
Sri Lanka has an IMF deal, now it courts China and India
The crisis has culminated in Sri Lanka’s starkest crisis first debt default since independence from Britain in 1948. The rupee almost halved in value since the central bank abandoned its peg in March, …
Analysis: Sri Lanka has an IMF deal, now it courts China and India
Sri Lanka’s International Monetary Fundbailout plan could be a turning point in its worst economic crisis, but far-from-stable politics and a need to get debt relief from competing powers China, India …
Fitch warns of high risk Sri Lanka may default on local currency bonds
Fitch Ratings’s ‘CCC’ rating on long-term local currency debt that was affirmed in May “reflects a high risk that local-currency debt will be included in debt restructuring …
Fitch warns of high risk Sri Lanka may default on local currency bonds
Fitch Ratings’s ‘CCC’ rating on long-term local currency debt that was affirmed in May “reflects a high risk that local-currency debt will be included in debt restructuring …
Bangladesh will not face a situation like Sri Lanka, PM Hasina says
Bangladesh Prime Minister Sheikh Hasina has said her country will not face a situation like the economic crisis in Sri Lanka although her government has sought loans from global agencies amid a fall …