$4b IMF bailout for ailing Sri Lanka comes with tough reforms
Nearly a year in the making, the IMF bailout is a lifeline for the bankrupt island nation that has barely any foreign exchange reserves to repay debts running into the billions or…
Nearly a year in the making, the IMF bailout is a lifeline for the bankrupt island nation that has barely any foreign exchange reserves to repay debts running into the billions or…
The most significant fallout of the Russia-Ukraine war was its impact on the energy market and South Asia was no exception, says the writer.
The event, attended by diplomats, government officials, corporate sector workers, and travel agents, was organised in line with the celebration of the 75th Anniversary of the…
The purpose of this move is to encourage and promote investment opportunities in Sri Lanka.
Cabinet spokesman Bandula Gunawardana said the manufacture or sale of plastic cutlery, cocktail shakers and artificial flowers will be prohibited from June.
India wrote to the IMF earlier this month, saying it would commit to supporting Sri Lanka, but the island nation also needs the backing of China in order to reach a final…
Regional security would always be a focus for New Delhi, said a source with knowledge of the matter, at a time of persistent friction with China along their Himalayan frontier.
The Indian Ocean island nation needs to achieve debt sustainability as a precondition to a $2.9 billion bailout from the Washington-based lender after it defaulted in April.
Pollution clouds, referred to as transboundary air pollution, generated in India can travel thousands kilometres to Sri Lanka during monsoon.
“The Chinese never came and forced us to take money…we [had] gone and sought funds”, he said.