With the prevalent situation, India’s exporters are rethinking plans to send shipments to Sri Lanka as state-run companies have run out of money and private buyers have cancelled orders. Without …
Sri Lanka’s deepening economic crisis hits its imports and exports
With the prevalent situation, India’s exporters are rethinking plans to send shipments to Sri Lanka as state-run companies have run out of money and private buyers have cancelled orders. Without …
Sri Lanka’s political instability will not impede IMF’s decision to help, says business chamber
Vish Govindasamy of the Ceylon Chamber of Commerce discusses Sri Lanka’s economic crisis ahead of the country’s talks with the International Monetary Fund.
IMF says any loan to Sri Lanka requires debt sustainability
The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage.
IMF asks Sri Lanka to restructure debt before bailout
The International Monetary Fund said on Wednesday that it has asked cash-strapped Sri Lanka to “restructure” its huge foreign debt before a bai …
Finance minister Nirmala Sitharaman warns of misuse of cryptos for money laundering, terror funding
To this, the IMF chief assured the finance minister that the multilateral body will continue to actively engage with Sri Lanka and also lauded India’s efforts to help out the island nation in its …
One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF
COLOMBO: Sri Lankan police fired live ammunition to scatter protesters on Tuesday (Apr 19), killing one person and injuring a dozen more, as the country sought rapid financial assistance from the …
India backs SL for much-needed IMF bailout package
India has once again backed Sri Lanka, which is grappling with its worst ever economic crisis, by affirming full support to expedite International Monitory Fund’s Extended Fund Facility (EFF). India’s …
Crisis-hit Sri Lanka, India revive talks to link electric grids
India and Sri Lanka have resumed talks on linking their electricity grids, officials told Reuters on Tuesday, a step that could aid New Delhi’s goal of reducing China’s influence on the island nation, …
India backs SL for much-needed IMF bailout package
India has once again backed Sri Lanka, which is grappling with its worst ever economic crisis, by affirming full support to expedite International Monitory Fund’s Extended Fund Facility (EFF). India’s …