Navigating growth challenges in Sri Lanka
1 month, 3 weeks ago

Navigating growth challenges in Sri Lanka

The Hindu  

Sri Lanka’s new National Peoples Power government, led by the charismatic President, Anura Kumara Dissanayake, entered office in late 2024 at a turning point in the country’s economic history. The geopolitics of the Indo-Pacific are set to change dramatically following the re-election of President Donald Trump in the U.S. India has emerged as a key player in Sri Lanka’s economic future. Given the complex relationship with India, the government must strengthen economic ties with this fast-growing nation, ensuring that Sri Lanka benefits from Indian investments and collaborations. Apart from limited fiscal space for social spending, Sri Lanka faces the serious risk of repayments on its external debt starting in mid-2027 if it is unable to generate sufficient foreign exchange though trade-led growth.

India Growth Sri Lanka Public Policy Economic Lanka Sri  sri  economic  foreign  lankas  public  policy  navigating  tourism  challenges  2024  lanka  growth

History of this topic

Indian envoy, Sri Lankan minister discuss agriculture modernisation
1 month ago

Indian envoy, Sri Lankan minister discuss agriculture modernisation

The Hindu  

Indian High Commissioner Santosh Jha met Sri Lankan Minister K.D. Mr. Jha met Lalkantha, Minister of Agriculture, Livestock, Land and Irrigation, in Colombo on Monday, the Indian High Commission in Sri Lanka said in a post on X. pic.twitter.com/uxpvqB4qpW — India in Sri Lanka February 24, 2025 "They discussed opportunities for India-Sri Lanka collaboration in agriculture modernisation in Sri Lanka, …

Sri Lankan media spotlights Dissanayake’s ‘balancing act’ with India and China
2 months ago

Sri Lankan media spotlights Dissanayake’s ‘balancing act’ with India and China

The Hindu  

Following Sri Lankan President Anura Kumara Dissanayake’s recent, four-day visit to China, analysis and commentary in local media pointed to the leader’s “balancing act” with Beijing and New Delhi, Colombo’s two key partners vying for greater strategic influence on the island. While the joint statement made no mention of Chinese marine research vessels calling at Sri Lankan ports, an issue …

Sri Lanka President Dissanayake to visit China from January 14
2 months, 2 weeks ago

Sri Lanka President Dissanayake to visit China from January 14

The Hindu  

President Anura Kumara Dissanayake will visit China from January 14 to 17, the Cabinet Spokesman announced on Tuesday, confirming the Sri Lankan leader’s second state visit abroad, a month after he visited India. ‘Buoyant ties with India’ Meanwhile, addressing Colombo-based media on Tuesday, Indian High Commissioner Santosh Jha said India opened the year “being extremely positive and buoyant” about its …

When Colombo comes calling
3 months, 1 week ago

When Colombo comes calling

Hindustan Times  

It is significant that Sri Lankan President Anura Kumara Dissanayake used his first meeting with Prime Minister Narendra Modi to convey an assurance that his government will not allow Sri Lankan soil to be used against Indian interests. Dissanayake also conveyed Sri Lanka’s appreciation for the economic aid worth nearly $4 billion that was provided by India during the unprecedented …

How Dissanayake’s Delhi visit is a show of India's diplomatic deftness
Trending News
3 months, 1 week ago

How Dissanayake’s Delhi visit is a show of India's diplomatic deftness

Firstpost  

This visit has demonstrated that even in challenging times, with careful planning and mutual respect, diplomacy can achieve remarkable outcomes Sri Lankan President Anura Kumar Dissanayake’s recent visit to India has been widely regarded as a landmark in fostering stronger bilateral relations between the two neighbours. Tradition Meets Pragmatism One of the noteworthy aspects of the visit was President Dissanayake’s …

India unveils measures to help Lankan economy recover
3 months, 1 week ago

India unveils measures to help Lankan economy recover

Hindustan Times  

New Delhi New Delhi: President Droupadi Murmu with Sri Lankan President Anura Kumara Dissanayake during a banquet hosted by her in his honour at Rashtrapati Bhavan, in New Delhi, Monday. India on Monday unveiled a slew of measures to boost development and physical and energy connectivity with Sri Lanka, with Prime Minister Narendra Modi assuring President Anura Kumara Dissanayake of …

'Won't let anyone threaten India's security': Sri Lankan president's promise to PM Modi
Top News
3 months, 1 week ago

'Won't let anyone threaten India's security': Sri Lankan president's promise to PM Modi

Hindustan Times  

In a powerful display of commitment to defence cooperation, Sri Lanka on Monday officially assured New Delhi that it will not permit any force to use its territory to “threaten India's security” in any manner. Sri Lanka's President Anura Kumara Dissanayake and India's Prime Minister Narendra Modi in New Delhi. This pledge was reiterated by newly elected Sri Lankan president …

India, Sri Lanka decide to ramp up defence, energy, trade ties
3 months, 1 week ago

India, Sri Lanka decide to ramp up defence, energy, trade ties

The Hindu  

India and Sri Lanka Monday adopted a futuristic vision to expand their partnership, resolved to soon conclude a defence cooperation pact and decided to ramp up energy ties by establishing electricity grid connectivity and multi-product petroleum pipelines. Prime Minister Modi said both sides decided to emphasise investment-led growth and connectivity for the India-Sri Lanka economic partnership, and it was decided …

Sri Lanka’s president holds talks with Modi in India in first overseas visit
3 months, 1 week ago

Sri Lanka’s president holds talks with Modi in India in first overseas visit

Associated Press  

NEW DELHI — Sri Lankan President Anura Kumara Dissanayake was hosted Monday by Indian Prime Minister Narendra Modi in his first overseas visit since assuming office that focused on shoring up ties as concerns grew over China’s influence in the region. Modi said India and Sri Lanka will establish electricity grid connectivity and a multi-product petroleum pipeline that will further …

Modi-Dissanayake meet: Sri Lankan President says he won’t allow island nation to be used in ways ‘detrimental’ to India
3 months, 1 week ago

Modi-Dissanayake meet: Sri Lankan President says he won’t allow island nation to be used in ways ‘detrimental’ to India

Live Mint  

Prime Minister Narendra Modi held extensive talks on Monday with Sri Lankan President Anura Kumara Dissanayake on several issues, including improving cooperation between the two nations, as concerns grow over China's influence in the region. The Sri Lankan leader assured that his country would not allow the island nation to be used in “a manner that is detrimental to the …

Sri Lanka’s Dissanayake meets Modi: ‘Won’t allow our land to be used against India’s interests’
Trending News
3 months, 1 week ago

Sri Lanka’s Dissanayake meets Modi: ‘Won’t allow our land to be used against India’s interests’

Firstpost  

After holding a bilateral meeting with PM Modi in New Delhi, Sri Lankan President Dissanayake said: ‘I have given an assurance to the Prime Minister of India that we will not allow our land to be used in any way in a manner that is detrimental to the interest of India’ Sri Lankan President Anura Kumara Dissanayake, on Monday, assured …

Sri Lanka president in India in first overseas trip
3 months, 1 week ago

Sri Lanka president in India in first overseas trip

Deccan Chronicle  

Sri Lankan President Anura Kumara Dissanayake was in India Monday for his first overseas visit as head of state, vowing to bolster ties between the neighbours.Leaders of the island nation typically make their first visit to regional powerhouse India, which competes with China for influence in the Indian Ocean.Leftist Dissanayake, who came to power in September on a pledge to …

Sri Lankan President Dissanayake begins India visit with talks on trade, security
3 months, 1 week ago

Sri Lankan President Dissanayake begins India visit with talks on trade, security

Firstpost  

The Indian Ministry of External Affairs described the visit as an opportunity to deepen the relationship between India and Sri Lanka, New Delhi’s closest maritime neighbour in the Indian Ocean Sri Lankan President Anura Kumara Dissanayaka held discussions with Indian External Affairs Minister S. Jaishankar and National Security Adviser Ajit Doval on Sunday, marking the start of his three-day visit …

The Dissanayake administration’s challenge is to reform Sri Lanka's economy
4 months ago

The Dissanayake administration’s challenge is to reform Sri Lanka's economy

Live Mint  

Among the less well-known winners in Sri Lanka’s parliamentary election last week was Krishnan Kalaichelvi, the daughter of a Malaiyaga Tamil tea-estate worker. With the huge mandate for saba wensak, or genuine change in Sinhala, President Anura Kumara Dissanayake must push through reforms such as the devolution of power to the north and east—and an even more tricky revamp of …

Sri Lanka’s Marxist-leaning president appoints his Cabinet after a resounding election win
4 months, 1 week ago

Sri Lanka’s Marxist-leaning president appoints his Cabinet after a resounding election win

Live Mint  

COLOMBO, Sri Lanka — Sri Lanka’s new Marxist-leaning president swore in a 21-member Cabinet on Monday after his party secured a two-thirds parliamentary majority in last week’s election. Sri Lanka’s crisis was largely the result of economic mismanagement combined with fallout from the COVID-19 pandemic, which along with militant attacks in 2019 devastated the important tourism industry. Sri Lanka’s economic …

What Dissanayake's JVP sweeping Sri Lankan parliament polls means for India
4 months, 1 week ago

What Dissanayake's JVP sweeping Sri Lankan parliament polls means for India

Firstpost  

To date, no single entity, whether global or otherwise, has extended funds and facilities to Sri Lanka the way India has done—and that too without strings For the third time in a row, Indian High Commissioner Santosh Jha became the first foreign dignitary to call on Sri Lankan President Anura Kumara Dissanayake, AKD, after the ruling Janatha Vimukthi Peramuna-National People’s …

Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms
Trending News
4 months, 1 week ago

Sri Lankan president seeks party win in parliamentary election to help him push his economic reforms

Associated Press  

COLOMBO, Sri Lanka — Sri Lankan President Anura Kumara Dissanayake is looking to consolidate his party’s power in Thursday’s parliamentary election to help him implement his election pledges to solve the country’s economic woes and foster good governance. The election comes at a decisive time for Sri Lankans, as the island nation emerges from its worst economic crisis, having declared …

‘We’ve tried everybody else’: What’s next for Sri Lanka’s turn to the left?
4 months, 1 week ago

‘We’ve tried everybody else’: What’s next for Sri Lanka’s turn to the left?

Al Jazeera  

Can the new leftist president repay debt without forcing austerity on Sri Lankans? Sri Lanka has seen it all: from the 2022 economic collapse, the mass protests that followed and the legacy of a 26-year civil war. As the newly-elected President Anura Kumara Dissanayake pledges to steer the island back on track, can he repay the country’s debt to the …

Plain-speak on the AKD phenomenon in Sri Lanka
5 months, 3 weeks ago

Plain-speak on the AKD phenomenon in Sri Lanka

The Hindu  

Setting all family-based traditions of political domination to a side, the election of the ‘relatively unknown’ 55-year-old Anura Kumar Dissanayake of the JVP -led NPP, as Sri Lanka’s President comes as a true serendipitous surprise. Though ‘around’ for decades in Sri Lanka politics as a Marxist politician schooled in the radical Janatha Vimukhti Peramuna, and a cabinet Minister in Chandrika …

Sri Lanka’s new president says he’ll restart talks with the IMF to find a way out of economic crisis
6 months ago

Sri Lanka’s new president says he’ll restart talks with the IMF to find a way out of economic crisis

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s new President Anura Kumara Dissanayake said Wednesday that he will soon resume discussions with the International Monetary Fund and foreign creditors to plot a way out of the worst economic crisis in the country’s history. The future of the economic recovery plan drafted by former liberal President Ranil Wickremesinghe was called into question after …

‘Don’t want to be sandwiched, especially between China and India’: Sri Lankan new President Anura Kumara Dissanayake
6 months ago

‘Don’t want to be sandwiched, especially between China and India’: Sri Lankan new President Anura Kumara Dissanayake

Hindustan Times  

Sri Lanka’s new President Anura Kumara Dissanayake said the country doesn't want to be sandwiched, especially between China and India, signaling a bold stance on his foreign policy. Sri Lankan new President Anura Kumara Dissanayake waves to supporters during a public rally in Dehiowita. As Sri Lanka navigates its place in an increasingly multipolar world, Anura Kumara Dissanayake, in his …

Sri Lanka’s presidential election a test for current leader, 2 years after its economy hit bottom
6 months ago

Sri Lanka’s presidential election a test for current leader, 2 years after its economy hit bottom

Associated Press  

COLOMBO, Sri Lanka — Two years ago, food cart worker Fathima Shiyama had to wait in line, sometimes for days, to get cooking gas, fuel and other essentials. Fathima Shiyama, 48, prepares local delicacies at home, to be sold later from her food cart, in Colombo, Sri Lanka, Tuesday, Sept. 3, 2024. A man sits next to election posters of …

Ramification | Sri Lanka: First presidential election after economic crisis and all weather Colombo-Delhi ties
6 months, 1 week ago

Ramification | Sri Lanka: First presidential election after economic crisis and all weather Colombo-Delhi ties

Firstpost  

Irrespective of the outcome of the election, India, as it has done in the past, will continue to support Sri Lanka in its economic recovery President Ranil Wickremesinghe and Prime Minister Dinesh Gunawardena gesture as they arrive at the Election Commission in Rajagiriya to submit his nomination papers for the upcoming presidential election, scheduled for September 21, in Colombo, Sri …

Sri Lanka: The country famed for pristine beaches and ancient temples hoping to rebuild tourism
6 months, 2 weeks ago

Sri Lanka: The country famed for pristine beaches and ancient temples hoping to rebuild tourism

The Independent  

Sign up to Simon Calder’s free travel email for expert advice and money-saving discounts Get Simon Calder’s Travel email Get Simon Calder’s Travel email SIGN UP I would like to be emailed about offers, events and updates from The Independent. open image in gallery A foreigner sits outside the Diary King home-made ice cream shop, in Galle, Sri Lanka August …

What’s at stake in Sri Lanka’s first presidential vote since its economic meltdown?
6 months, 2 weeks ago

What’s at stake in Sri Lanka’s first presidential vote since its economic meltdown?

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka will hold its presidential election on Sept. 21 in a crucial vote that will decide the future of the South Asian nation still struggling to recover from its economic collapse in 2022, which provoked mass protests and forced the former President Gotabaya Rajapaksa to flee the country and later resign. Almost 17 million of …

Fixing Sri Lanka’s economy, wiping out racism top priority, says JVP leader Anura Kumara Dissanayake
6 months, 3 weeks ago

Fixing Sri Lanka’s economy, wiping out racism top priority, says JVP leader Anura Kumara Dissanayake

The Hindu  

Fixing Sri Lanka’s battered economy and wiping out racism will be top priority for a National People’s Power government, Anura Kumara Dissanayake, among the frontrunners in the September 21 race, said on Tuesday. The NPP’s campaign began “long ago,” Mr. Dissanayake said, referring to his party’s steady efforts soon after its poor performance in the last election in 2019, when …

Sri Lanka president defends IMF bailout in campaign launch
6 months, 3 weeks ago

Sri Lanka president defends IMF bailout in campaign launch

Hindustan Times  

Sri Lanka had no option but to agree to an International Monetary Fund bailout that required tough austerity measures, President Ranil Wickremesinghe said Thursday as he launched his re-election campaign. Sri Lanka president defends IMF bailout in campaign launch An unprecedented economic crisis two years ago led to months-long food and fuel shortages, triggering street protests that forced Wickremesinghe's predecessor …

India-Sri Lanka road link to further strengthen trade ties, says expert
6 months, 3 weeks ago

India-Sri Lanka road link to further strengthen trade ties, says expert

The Hindu  

Establishing a road link between India and Sri Lanka will go a long way in further strengthening the trade ties between the two nations, said K. Amirthalingam, senior professor of Economics at University of Colombo, Sri Lanka. Speaking at the national conference on ‘International Economic Relations: The Sustainable Development Challenges’ organised jointly by Sri Padmavati Mahila Viswa Vidyalayam Department of …

Sri Lanka will hold presidential election on September 21, its first since declaring bankruptcy in 2022
7 months, 3 weeks ago

Sri Lanka will hold presidential election on September 21, its first since declaring bankruptcy in 2022

The Hindu  

Sri Lanka’s presidential polls will be held on September 21, the Election Commission said on Friday. Some 17 million voters will have their first chance of electing the country’s leader, after a mass people’s uprising ousted former President Gotabaya Rajapaksa two years ago. His office announced making a cash deposit at the Commission for his candidacy as an independent, although …

EAM Jaishankar arrives in Sri Lanka to hold talks with country's leadership
9 months ago

EAM Jaishankar arrives in Sri Lanka to hold talks with country's leadership

Hindustan Times  

External Affairs Minister S Jaishankar arrived in Sri Lanka on Thursday, his first visit here in his second consecutive term in office, during which he will hold talks with the country's leadership to bolster bilateral ties. The trip to Sri Lanka will be Jaishankar's standalone bilateral visit after he assumed charge as the external affairs minister for the second term …

Pulling Sri Lanka out of the abyss
1 year, 1 month ago

Pulling Sri Lanka out of the abyss

The Hindu  

On January 9, 2024, the United National Party proposed incumbent Ranil Wickremesinghe as the national presidential candidate for the elections. The first review by the IMF Board in December 2023 rated Sri Lanka’s performance as “satisfactory” meaning total IMF disbursement will be $670 million. A joint venture project between India’s Adani Group and Sri Lanka’s John Keells Holdings seeks to …

Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says
1 year, 2 months ago

Crisis-ridden Sri Lanka’s economic reforms are yielding results, but challenges remain, IMF says

Associated Press  

COLOMBO, Sri Lanka — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but the improvements still need to translate into improved living conditions for its people, the International Monetary Fund said Friday. “The economic reform program implemented by the Sri Lankan authorities is yielding the first signs of recovery,” said Pete Breuer, the IMF’s senior …

Sri Lanka's economy shows positive growth for first time since crisis
1 year, 3 months ago

Sri Lanka's economy shows positive growth for first time since crisis

Firstpost  

Sri Lanka is currently going through a strict IMF based reform regime. Sri Lanka’s bankrupt economy has recorded a positive growth for the first time since the onset of the economic crisis in the island nation. Sri Lanka had previously experienced a negative growth rate of minus 8 percent when it declared bankruptcy in April 2022, and the economic downturn …

Sri Lanka needs a national liberation movement, not mere regime change: Anura Kumara Dissanayake
1 year, 3 months ago

Sri Lanka needs a national liberation movement, not mere regime change: Anura Kumara Dissanayake

The Hindu  

As Sri Lanka tries to rebuild its battered economy after last year’s devastating crisis, the country’s political scene is gradually heating up, in the run up to two national elections scheduled next year — parliamentary and presidential — that will give citizens their first chance to vote, after they dislodged the Rajapaksas from power in 2022. We have developed an …

At Indian Ocean conference in Colombo, Jaishankar raises dangers of unviable debt, projects
1 year, 5 months ago

At Indian Ocean conference in Colombo, Jaishankar raises dangers of unviable debt, projects

The Hindu  

India wants to be a “friend to the world”, the voice of the global south, and will work to ensure a free, open and inclusive Indian Ocean region, said External Affairs Minister S. Jaishankar, speaking at the annual meeting of the 23-member Indian Ocean Rim Association being held in Colombo, where he also raised the “dangers” of unsustainable debt. After …

Sri Lanka on path of economic recovery: FM Shehan Semasinghe
1 year, 7 months ago

Sri Lanka on path of economic recovery: FM Shehan Semasinghe

The Hindu  

Shehan Semasinghe, State Minister of Finance Sri Lanka, said the island nation is on a recovery path after the worst economic crisis it faced in 2022, and there are opportunities for investors to take part in its growth story. The Sri Lanka government has embarked on a slew of reforms to tide over the crisis in the last 15 months, …

Sri Lankan president's visit to India signals growing economic and energy ties
1 year, 8 months ago

Sri Lankan president's visit to India signals growing economic and energy ties

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sri Lanka and India signed …

Focus on joint projects during Sri Lankan President Ranil Wickremesinghe’s India visit
1 year, 8 months ago

Focus on joint projects during Sri Lankan President Ranil Wickremesinghe’s India visit

The Hindu  

Sri Lankan President Ranil Wickremesinghe on July 20 arrived in India for an official visit, a year after he became President of the Island nation that witnessed its worst economic crisis last year. During Sri Lanka’s dramatic economic crash last year, India extended emergency financial support of about $4 billion, providing relief at a time when citizens struggled amid critical …

ECONOMIC PERSPECTIVES | Sri Lankan debt crisis to get worse if IMF prescription is heeded
1 year, 8 months ago

ECONOMIC PERSPECTIVES | Sri Lankan debt crisis to get worse if IMF prescription is heeded

The Hindu  

Published : Jul 13, 2023 11:00 IST - 6 MINS READ On July 1, Sri Lanka’s parliament approved, through a majority 122-62 vote, a plan to restructure the government’s domestic debt, which totalled 15.4 trillion Sri Lankan rupees at the end of March 2023. At that point in time, of the government’s total debt of $86.5 billion, $46.9 billion was …

Vinay Kwatra in Colombo, seeks ‘positive transformation’ in ties during Ranil’s upcoming visit
1 year, 8 months ago

Vinay Kwatra in Colombo, seeks ‘positive transformation’ in ties during Ranil’s upcoming visit

The Hindu  

India is seeking a “positive transformation” in its ties with Sri Lanka, Foreign Secretary Vinay Kwatra said, following a meeting with President Ranil Wickremesinghe in Colombo on Tuesday. In a visit aimed at laying the groundwork for Mr. Wickremesinghe’s upcoming trip to New Delhi on July 21 — his first official visit to India since becoming President under extraordinary circumstances …

Sri Lanka declares five-day holiday to avoid bank run over IMF debt deal
1 year, 8 months ago

Sri Lanka declares five-day holiday to avoid bank run over IMF debt deal

The Independent  

For free real time breaking news alerts sent straight to your inbox sign up to our breaking news emails Sign up to our free breaking news emails Sign up to our free breaking news emails SIGN UP I would like to be emailed about offers, events and updates from The Independent. Read our privacy policy Sri Lanka has declared a …

Sri Lanka has no money to hold presidential polls in 2023: Cabinet spokesman
1 year, 9 months ago

Sri Lanka has no money to hold presidential polls in 2023: Cabinet spokesman

Firstpost  

Sri Lanka Cabinet Spokesman Bandula Gunawardena said that no elections would be possible this year as the state finances have not improved Economic crisis hit Sri Lanka will not be holding a snap presidential election this year as the government wants to focus on debt restructuring, said Cabinet Spokesman Bandula Gunawardena. Denying speculations that the government might opt to hold …

IMF says Sri Lanka’s economic recovery shows signs of improvement but challenges remain
1 year, 9 months ago

IMF says Sri Lanka’s economic recovery shows signs of improvement but challenges remain

Associated Press  

COLOMBO, Sri Lanka — Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday. But the economic recovery remains challenging,” said IMF deputy managing director Kenji Okamura after concluding a visit to Sri Lanka, where he met with the country’s top leaders and officials. …

Is Transformation Possible in Sri Lanka?
1 year, 11 months ago

Is Transformation Possible in Sri Lanka?

The Diplomat  

Sri Lanka marks 75 years of independence this year. This has seen advocacy targeting key capitals and the United Nations with several resolutions adopted at the United Nations Human Rights Council that highlighted Sri Lanka’s past legacies and continuing challenges. Despite its past experiences – a near three-decade ethnic conflict, the devastating Easter Sunday attacks in 2019, and numerous cycles …

World Bank ensures continued support for Sri Lanka's economic recovery
1 year, 11 months ago

World Bank ensures continued support for Sri Lanka's economic recovery

The Hindu  

The World Bank has assured crisis-struck Sri Lanka of continued support to stabilise the island nation's economy and enhance its economic recovery, State Finance Minister Shehan Semasinghe has said. State Finance Minister Shehan Semasinghe, who is in Washington to attend the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund, said that the global lender extended …

Sri Lankan envoy Moragoda stresses importance of economic integration with India
1 year, 11 months ago

Sri Lankan envoy Moragoda stresses importance of economic integration with India

Hindustan Times  

NEW DELHI: Sri Lankan high commissioner Milinda Moragoda stressed the importance of economic integration between Sri Lanka and India while addressing the Economic Advisory Council to the Prime Minister on Wednesday. Sri Lankan high commissioner Milinda Moragoda addressed the Economic Advisory Council to the Prime Minister of India at the invitation of its chairman, Bibek Debroy. Moragoda stressed the importance …

Sri Lanka's President Ranil Wickremesinghe seeks India's help with policy reforms, governance, public service delivery
1 year, 11 months ago

Sri Lanka's President Ranil Wickremesinghe seeks India's help with policy reforms, governance, public service delivery

Firstpost  

The Indian delegation led by the Director General of the National Centre for Good Governance, Bharat Lal met Sri Lanka’s President Ranil Wickremesinghe and discussed topics like policy reforms, good governance, digitalization, and assured public service delivery New Delhi: Sri Lanka’s President Ranil Wickremesinghe sought India’s help in establishing policy reforms, governance, capacity building, digitalization, and public service delivery, according …

In too deep: The Hindu Editorial on Sri Lanka’s economic crisis and the IMF aid package
1 year, 11 months ago

In too deep: The Hindu Editorial on Sri Lanka’s economic crisis and the IMF aid package

The Hindu  

The International Monetary Fund’s approval of a 48-month arrangement with Sri Lanka, under the Extended Fund Facility for a $2.9 billion package, has been welcomed by Colombo and its creditors, who President Ranil Wickremesinghe will now have to conclude debt restructuring agreements with. Since last year, New Delhi has been a key part of Sri Lanka’s support structure, appealing on …

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout
2 years ago

Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout

The Hindu  

Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout. The IMF’s executive board was expected to sign off on Colombo’s bailout application later on Monday after a long delay in securing financial assurances from China, Sri Lanka’s …

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