Page 24 - Economic Crisis

Sri Lanka's Gotabaya asks parties to show majority for interim govt bid

A delegation from former president Maithripala Sirisena's SLFP met him in the morning to press for their demand on the formation of the interim government

HC Baglay reiterates India's continued commitment to support Sri Lanka

Sri Lanka is facing one of its worst economic crises resulting in widespread protests against the Rajapaksa family leaders, including President Gotabaya Rajapaksa and PM Mahinda Rajapaksa

Sri Lanka trade unions, on strike, demand ouster of president and PM

The crisis is caused in part by a lack of foreign currency, which has meant that the country cannot afford to pay for imports of staple foods and fuel, leading to acute shortages and very high prices

World Bank to give $600-million aid to Lanka to overcome economic crisis

Sri Lanka stocks rallied, marking their first day of gains since April 5

Sri Lanka's Rajapaksa to discuss formation of all-party govt on April 29

A letter to all party leaders in the ruling coalition said the government was in agreement to form an all-party government comprising parties represented in Parliament

Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis

Speaking about the island-wide protests demanding the Prime Minister and the government's resignation, Rajapaksa said the issues should be resolved through negotiations

Hike taxes to address debt woes, IMF urges crisis-hit Sri Lanka

Cabinet clears proposal to limit Prez powers as Oppn gains momentum

Sri Lanka says World Bank agrees to provide $600 million in financial aid

Earlier this month, Sri Lanka kicked off talks with the International Monetary Fund (IMF) for financial assistance

More Sri Lankans to slip into poverty this year, warns World Bank

Sri Lanka is currently in the throes of an unprecedented economic turmoil since its independence from Britain in 1948

Sri Lankan crisis 'man-made problem, warning signs ignored': Expert

In an interview with Amsterdam based think tank EFSAS last week, Moore said the Sri Lankan economic crisis is almost entirely caused by government decisions that were extremely unwise

IMF asks Sri Lanka to harden monetary policy, hike tax to address debt woes

The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation

Sri Lanka's debt restructuring to impact bilateral loans: Chinese envoy

Debt-ridden Sri Lanka is grappling with an unprecedented economic turmoil since its independence from Britain in 1948

No-trust vote likely in Lanka after Oppn gets hold of required support

Stocks plunge nearly 10%

SJB claims having over 113 signers for no-confidence against Sri Lanka govt

One of the demands of recent anti-government protests has been a constitutional amendment to reduce the power of the executive

Lankan stocks fall as trading resumes after 2 weeks amid deepening crisis

Sri Lanka Stock Market Colombo All-Share Index fell as much as 6.7% while blue-chip index slumped 5.2% within seconds of resumption of trading

Sri Lankans to face severe power cuts due to lack of sufficient fuel, water

Ceylon Electricity Board announced that power cuts will be imposed in 20 zones from 'A' to 'W' between 8.30 am and 6.00 pm (local time) for 3 hours and between 6.00 pm and 10.30 pm for 30 minutes

Situation tense near Lankan PM's residence amid anti-government protests

Food and fuel shortages, soaring prices and power cuts are affecting a large number of the people resulting in massive protests in the country

Thousands of students mob Sri Lanka PM's home over economic trouble

Dozens were demonstrating from the parapet and boundary walls of the official residence - in images similar to that of a seize

Sri Lanka to appoint advisors on debt restructuring in next 20 days

Sabry said that the discussions he started with IMF officials in Washington would end on Sunday, and that there are a lot more discussions to be held ahead

IMF assures to support Sri Lanka's efforts to overcome economic crisis

The International Monetary Fund has assured support to debt-ridden Sri Lanka in its efforts to mitigate the current economic crisis