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Tag: Sri Lanka

Posted on May 4, 2022

Lanka’s usable foreign reserves drop to record low, FM hails India’s support at IMF

COLOMBO: Sri Lanka’s Finance Minister Ali Sabry on Wednesday hailed India’s assistance during its talks with the IMF to seek a bailout to evade the country’s worst economic crisis, as the island …

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Posted on May 3, 2022

India assures continued support to Sri Lanka; High Commissioner meets Finance Minister

COLOMBO (News 1st); High Commissioner to the Republic of India in Sri Lanka Gopal Baglay met with Finance Minister M.U.M Ali Sabry, PC at the Ministry of Finance on Monday (2). A discussion was held …

( read original story …)



Posted on May 3, 2022

India assures continued support to Sri Lanka; High Commissioner meets Finance Minister

COLOMBO (News 1st); High Commissioner to the Republic of India in Sri Lanka Gopal Baglay met with Finance Minister M.U.M Ali Sabry, PC at the Ministry of Finance on Monday (2). A discussion was held …

( read original story …)



Posted on May 2, 2022

Sri Lanka extends credit line with India as China voices support

Talks are continuing for a further $500 million with India so in total the credit line will be $1.2 … Beijing’s ambassador Qi Zhenhong told Sri Lankan Finance Minister Ali Sabry at a meeting on …

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Posted on May 2, 2022

China backs Sri Lanka’s decision to work with IMF to restructure debt

COLOMBO (Reuters) – China supports crisis-hit Sri Lanka’s decision to work with the International Monetary Fund (IMF) to restructure its debt, Beijing’s ambassador Qi Zhenhong told Sri Lankan Finance …

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Posted on May 2, 2022

Tanker strike worsens fuel woes in crisis-hit Sri Lanka

Sri Lanka is in the grip of a pandemic-spurred economic freefall, the worst since independence from Britain in 1948, which has led to food and fuel shortages – Copyright AFP Ishara S. KODIKARA Sri …

( read original story …)



Posted on May 2, 2022

Tanker strike worsens fuel woes in crisis-hit Sri Lanka

Sri Lanka is in the grip of a pandemic-spurred economic freefall, the worst since independence from Britain in 1948, which has led to food and fuel shortages – Copyright AFP Ishara S. KODIKARA Sri …

( read original story …)



Posted on May 2, 2022

Economic Crisis in Nepal: Will Kathmandu Witness a Fall Like Sri Lanka?

Nepal’s overall exports are also rising now and recorded a growth of over 15% from past year. This projects exports to cross three Billion US Dollars this financial year which will add value to the …

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Posted on May 2, 2022

Economic Crisis in Nepal: Will Kathmandu Witness a Fall Like Sri Lanka?

Nepal’s overall exports are also rising now and recorded a growth of over 15% from past year. This projects exports to cross three Billion US Dollars this financial year which will add value to the …

( read original story …)



Posted on May 2, 2022

THE ECONOMY OF SRI LANKA Pt 2

Only India is ahead of Sri Lanka at number 71. Sri Lanka was placed high in the region in Global Infrastructure Index, Economic Freedom Ease of doing business Index, and Global Competitiveness Index.

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