Sri Lanka’s former Finance Minister Basil Rajapaksa on June 9 said he was resigning from Parliament, even as he sought to deflect blame for Sri Lanka’s economic grave crisis. Mr. Basil stepped …
From project financing to debt restructuring: China’s role in Sri Lanka’s debt situation
Sri Lanka is currently experiencing a foreign currency sovereign debt default for the first time in the country’s post-independent history. ..
From project financing to debt restructuring: China’s role in Sri Lanka’s debt situation
Sri Lanka is currently experiencing a foreign currency sovereign debt default for the first time in the country’s post-independent history. ..
Sri Lanka Runs Out Of Fuel
COLOMBO — Sri Lanka has virtually run out of petrol and diesel after several expected shipments were delayed indefinitely, the energy minister sa …
Recommendations made by the Advisory Committee for Revival of Failed Licensed Finance Companies
The Monetary Board of the Central Bank of Sri Lanka (Monetary Board) established the Advisory Committee for Revival of Failed Finance Companies (Committee) in October 2021 to examine possible revival …
Sri Lanka needs a currency board
Among the more far-flung is Sri Lanka, half a world away from the battlefield, where surging food and fuel prices have supercharged a downward spiral that was already under way. The island has …
Sri Lanka needs a currency board
Among the more far-flung is Sri Lanka, half a world away from the battlefield, where surging food and fuel prices have supercharged a downward spiral that was already under way. The island has …
Sri Lanka runs out of fuel: What happens when a country has no energy?
World must refuel the Sri Lanka economy without any delay. The island has run out of all options. Will the global leaders keep staring at the starving Sri Lankans? Desperate situation calls for a …
CBSL decides to liquidate five failed finance companies
The Central Bank of Sri Lanka (CBSL) has decided to liquidate five failed finance companies in accordance with applicable legal provisions. The Monetary Board of the Central Bank had established the A …
Sri Lanka Crisis: Country bans non-essential fuel sales as oil reserves hit rock-bottom
Cash-strapped Sri Lanka has announced a two-week halt to all fuel sales except for essential services and called for a partial shutdown as its unprecedented economic crisis deepened.The south Asian …