Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss
Economic mismanagement by successive governments weakened Sri Lanka's public finances, leaving its national expenditure in excess of its income.
Sri Lanka
Bankrupt Sri Lanka asks citizens abroad to send home cash
The island nation is in the grip of its worst economic crisis since independence in 1948, with severe shortages of essential goods and regular blackouts causing widespread…
Crisis-hit Sri Lanka defaults on foreign debt
Sri Lanka is due to start talks with the International Monetary Fund on a loan programme next week, with the country suffering from prolonged power cuts, shortages of food and…
Sri Lanka speaker warns of food crisis, urges all MPs to unite to overcome it
He appealed to lawmakers to sink their political differences, as the country was facing a critical situation, and come together to find solutions.
Sri Lankan president loses parliamentary majority as protests mount
Unprecedented shortages of food and fuel, alongside inflation and blackouts, have inflicted widespread misery in the nation’s worst downturn since independence from Britain in…
Sri Lanka: Man-made Disaster
The writer says the only possible way out is for Sri Lanka to restore macroeconomic stability and debt sustainability, while protecting vulnerable groups through well-targeted…
Sri Lankans call new Cabinet with old president ‘meaningless’
Despite the resignation of 26 Cabinet ministers, President Gotabaya Rajapaksa and his older brother, Prime Minister Mahinda Rajapaksa, still hold the reins.
Sri Lanka’s Cabinet ministers resign en masse as crisis deepens
All 26 ministers in the Cabinet, aside from President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa, submitted letters of resignation at a late-night meeting.
Sri Lanka faces 13-hour blackouts, hospitals stop surgery as crisis deepens
The country had been under severe electricity rationing since the start of the month, due to a combined lack of electricity from hydropower and the inability to pay for coal and…
Sri Lanka asks for food aid
The continuously raging Covid-19 pandemic and the dramatically changing international situation have further worsened the global food shortage and shipping capacity.