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Tag: Sri Lanka

Posted on April 16, 2022

Sri Lanka to temporarily close stock market for five days

The Securities and Exchange Commission of Sri Lanka decided to direct Colombo Stock Exchange to temporarily close the stock market for five business days from April 18.

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Posted on April 15, 2022

Sri Lanka plans to talk with IMF on April 18, says Finance Minister

Sri Lanka is planning to start the talk with the International Monetary Fund (IMF) on April 18 to secure at least USD 4 billion in aid for the economy, said Sri Lanka Finance Minister, local media …

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Posted on April 15, 2022

What are Sri Lanka’s trade unions doing amid the mass anti-government upsurge?

After remaining silent for days as the anti-government protests swelled, the unions are now claiming to support them. But they do so with the aim of preventing them from becoming a challenge to …

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Posted on April 15, 2022

Sri Lanka seeking up to $4 billion as IMF talks to start next week

EXCLUSIVE: Sri Lanka’s new finance minister, Ali Sabry, says the country plans to start talks with the IMF on April 18 to secure as much as $4 billion in aid for the economy. Sri Lanka needs between …

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Posted on April 14, 2022

Cambodia, Sri Lanka Receive Take Steps to Boost Competitiveness

Cambodia and Sri Lanka are receiving help to improve their garment sectors’ competitiveness, resilience and sustainability.

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Posted on April 14, 2022

Weerasinghe returns to Sri Lanka’s central bank as country’s finances spiral

With civil unrest, the resignation of half the cabinet and a standstill on sovereign debt repayment, Sri Lanka’s new finance minister, secretary to the treasury and governor of the Central Bank of Sri …

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Posted on April 14, 2022

Bangladesh is not going to be a Sri Lanka: PMO

The size of Bangladesh economy and volume of exports are bigger than those of Sri Lanka and Pakistan put together, while foreign currency reserves are more than double the amounts held by these two …

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Posted on April 14, 2022

India to provide Sri Lanka US$2 billion more

With Sri Lanka having announced a temporary suspension of its debt payment, India is reportedly willing to step in and provide financial assistance of another two billion dollars to the nation. Sri …

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Posted on April 14, 2022

India to provide Sri Lanka US$2 billion more

With Sri Lanka having announced a temporary suspension of its debt payment, India is reportedly willing to step in and provide financial assistance of another two billion dollars to the nation. Sri …

( read original story …)



Posted on April 14, 2022

India open to additional $2 bln aid for Sri Lanka

India is willing to commit up to another $2 billion in financial assistance to Sri Lanka while also supporting the island nation with food and fuel, five sources told Reuters, as New Delhi tries to …

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