The ongoing economic crisis in Sri Lanka and Nepal are emblematic of the wrong policies undertaken by the government at the helm of both the countries.
No parallel between Indian and Sri Lankan economy: Ex-Finance Secy Subhash Chandra Garg
Subhash Chandra Garg, former finance secretary, has refuted claims drawing parallels between Indian economy and with that of the ongoing Sri Lankan crisis.
Colombo at a crossroads: India’s balanced response to Sri Lanka crisis
Colombo had to suspended its foreign debt payments, largely because of its inability to service loans from China that were used finance massive … Ignoring some irresponsible suggestions that India …
Bangladesh is no Sri Lanka, economically
Sri Lanka is in one of the biggest financial crises in history. Many are already worried about Bangladesh’s foreign and domestic debt. But at this moment, economists do not want to compare the …
DNA Explainer: How China’s projects destroyed Sri Lankan economy
How China’s projects destroyed Sri Lankan economy – Sri Lanka has foreign debt obligations of around USD 7 billion in 2022, including prepayment of bonds worth USD 1 billion in July 2021.
How China-backed projects made Sri Lanka’s economic meltdown worse
Many of the white-elephant projects that helped fuel the crisis now gather dust in the home of the powerful Rajapaksa clan, which used billions in Chinese loans in a failed effort to turn Hambantota …
‘Fake and blatantly false’: India refutes ‘reports’ on sending troops to Violence-hit Sri Lanka
COLOMBO: The Indian High Commission here on Wednesday categorically dismissed speculative media reports about New Delhi sending its troops to Colombo, saying India is fully supportive of Sri Lanka’s …
China-Backed Projects Testament To Sri Lanka’s Mismanagement
An airport without planes, a revolving restaurant with no diners, a debt-laden seaport — Sri Lanka’s economic crisis has been exacerbated by Chinese-funded projects that stand as neglected monuments …
‘Blatantly false’: Indian High Commission rubbishes reports of Sri Lankan politicians and their families fleeing to India
The Indian High Commission in Colombo on Tuesday rubbished reports that some Sri Lankan politicians and their families had fled to India. The Commission said the reports suggesting this were “fake, …
Sri Lanka in talks for $100 million emergency funding from Beijing-backed bank
The Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday.