Sri Lanka crisis would deepen if creditors disagree, IMF says amid China concerns
All creditors, including China, have to agree to restructure their existing loans to the island nation before the IMF starts disbursing a US$2.9 billion loan.
The Island
Chinese missile tracker ship prospecting Indian Ocean bed south of Sri Lanka
The military ship is expected to head towards its home port Jiangyin near Shanghai, but it is unclear whether the ship will make another port call while on the way back to China.
Sri Lanka presidential committee critical of response to ‘protest movement’
Senior officials said the speed that the protest movement grew had made it quite impossible to de-escalate the threat by security measures alone.
New Sri Lankan PM and cabinet sworn in
Political circles expect President Wickremesinghe and his government to negotiate enlisting opposition party members to broadbase the administration in coming days.
Sri Lanka’s ambassador urges ADB and World Bank to take bigger role in debt restructure
He also called for more assistance from partners after the debt-ridden country claimed bankruptcy and imposed a state of emergency.
Sri Lanka’s President to resign on July 13
The announcement was made by the Speaker following a hybrid meeting of several political parties, that some leaders joined via Zoom.
Cardinal appeals to Pope to solicit aid for Sri Lanka
The Cardinal also appealed to the international community to assist in providing Sri Lanka with medicines and equipment for hospitals amid its economic crisis.