India’s top diplomat held talks with Sri Lanka’s president and prime minister today as India signalled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already provided …
India says ‘ready to help Sri Lanka in quick economic recovery’
India’s foreign secretary says New Delhi will help the crisis-hit island beyond promised $4bn in loans, swaps and aid.
India says ‘ready to help Sri Lanka in quick economic recovery’
India’s foreign secretary says New Delhi will help the crisis-hit island beyond promised $4bn in loans, swaps and aid.
India’s finance minister assures ‘fullest support’ for Sri Lanka’s economic recovery
Finance Minister of India Nirmala Sitharaman has assured Sri Lanka of her “fullest support” and cooperation for its recovery from the ongoing economic crisis …
Crisis-hit Sri Lanka plans donor conference with China, India and Japan
Sri Lanka will call China, India and Japan to a donor conference to drum up more foreign assistance to find a way out of its worsening economic crisis, the prime minister said on Wednesday, amid …
Sri Lanka JKH borrows USD75 mln from Canada to finance port terminal JV with India’s Adani Group
John Keells Holdings (JKH), one of Sri Lanka’s top conglomerates will borrow 75 million US dollars (27.1 billion rupees) from a Canadian financial institution through privately placed debentures to …
Bankrupt Sri Lanka opens IMF talks, begins shutdown
Sri Lanka closed schools and halted non-essential government services on Monday, starting a two-week shutdown to conserve fast-depleting fuel reserves as the IMF opened talks with Colombo on a …
UPDATE 1-More than 30 of Sri Lanka’s bondholders launch formal group for debt talks
More than 30 asset managers holding Sri Lanka’s international bonds announced on Tuesday the formal launch of a creditor group to start debt restructuring talks with the island nation, according to a …
IMF delegation arrives in crisis-hit Sri Lanka as fuel runs out
An International Monetary Fund (IMF) team began bailout talks in Sri Lanka on Monday, with police called to escort a top government official to the negotiations after protesters angry about the …
Sri Lanka crisis: 21 arrested for blocking presidential secretariat entrances demanding President’s resignation
A group of protesters in Sri Lanka demanding the resignation of President Gotabaya Rajapksa for the mismanagement of the economy blocked all entrances of the presidential secretariat here, forcing the …