An official from the International Monetary Fund (IMF) on Tuesday urged Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its ongoing debt crisis.
IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes
The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation.
China to offer another loan to settle existing loans, says Sri Lanka’s Cabinet Spokesperson
China has said it does not prefer debt restructuring, but is ready to offer another loan to settle existing loans, says Cabinet – Get the latest breaking news and top stories from Sri Lanka, the …
China to offer another loan to settle existing loans, says Sri Lanka’s Cabinet Spokesperson
China has said it does not prefer debt restructuring, but is ready to offer another loan to settle existing loans, says Cabinet – Get the latest breaking news and top stories from Sri Lanka, the …
Posts do not show India’s foreign minister offering crisis-hit Sri Lanka ‘chance to become Indian state’
As mass protests swept Sri Lanka over a crippling economic crisis, a purported tweet from India’s foreign minister offering the island nation the chance to become “a state of India” circulated on …
Sri Lanka Pakistan could learning from the ‘Bangladesh Model’ to avert economic recession
By John Rozario Sri Lanka and Pakistan can follow ‘Bangladesh Economic Miracle’ model to avert their economic crisis. As Sri Lanka is going …
Sri Lanka bourse stops again after nearly 13% drop
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse’s tentative …
Sri Lanka exchange halts again after 13% plunge
Crisis-hit Sri Lanka’s stock exchange halted again Monday after a nearly 13 percent plunge, derailing the bourse’s tentative reopening after a two-week break aimed at forestalling a market collapse.
Bailing out Sri Lanka: Possible by at Great Cost
At the current juncture, Sri Lanka faces two distinct sets of economic problems. Broadly speaking, the first is a lack of liquidity needed to let the economy function normally. The second, equally …
Sri Lanka Stocks Plunge as Trading Resumes After Two-Week Halt
Stocks in Sri Lanka plunged and set for another day of trading halt as the market opened after for the first time in two weeks, during which the economic crisis deepened.Most Read from …