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Tag: Sri Lanka

Posted on April 22, 2022

Debt-Payment Suspension Underlines Disastrous Economic Situation for Sri Lanka

Sri Lanka—suffering from rising inflation, dropping currency value and increasing import costs—shook creditors by announcing that it would suspend foreign-debt payments until its massive debt could be …

( read original story …)



Posted on April 22, 2022

Sri Lanka Economic Crisis: Infrastructure

One of the key reasons behind Sri Lanka’s economic crisis is mounting foreign debts due to loans taken to finance infra projects. Santia Gora explains the political aspirations behind the infra …

( read original story …)



Posted on April 22, 2022

EXCLUSIVE-Sri Lanka completes payment for Russian coal cargoes, easing power crisis

Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, two senior government officials told Reuters, in a move that is likely to help ease …

( read original story …)



Posted on April 22, 2022

EXCLUSIVE-Sri Lanka completes payment for Russian coal cargoes, easing power crisis

Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, two senior government officials told Reuters, in a move that is likely to help ease …

( read original story …)



Posted on April 21, 2022

India to provide additional $500 million, Sri Lanka says. Read here

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948 …

( read original story …)



Posted on April 21, 2022

India to provide additional $500 million, Sri Lanka says. Read here

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948 …

( read original story …)



Posted on April 21, 2022

India to provide additional $500 million, Sri Lanka says. Read here

Sri Lanka, which is on the brink of bankruptcy, is grappling with an unprecedented economic turmoil, the worst since its independence from Britain in 1948 …

( read original story …)



Posted on April 21, 2022

India’s Finance Minister assures all possible economic assistance to crisis-hit Sri Lanka

Finance Minister Nirmala Sitharaman met her Sri Lankan counterpart Ali Sabry in Washington and assured him that as a close friend and good neighbour, India will try to extend all possible cooperation …

( read original story …)



Posted on April 21, 2022

How Is Sri Lanka’s Economic Crisis Impacting Small Businesses | India Business Hour | CNBC TV18

As Sri Lanka’s economic crisis deepens, the impact continues to form a ripple effect on small businesses. Santia Gora speaks to business owners to get a sense of the issues they are …

( read original story …)



Posted on April 21, 2022

How Is Sri Lanka’s Economic Crisis Impacting Small Businesses | India Business Hour | CNBC TV18

As Sri Lanka’s economic crisis deepens, the impact continues to form a ripple effect on small businesses. Santia Gora speaks to business owners to get a sense of the issues they are …

( read original story …)



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