Sri Lanka’s Parliament sessions curbed as fuel crisis bites
2 years, 6 months ago

Sri Lanka’s Parliament sessions curbed as fuel crisis bites

The Hindu  

Sri Lanka’s Parliament sessions will be restricted to two days this week instead of four days amid the current fuel supply crisis in the country, the leader of the House Dinesh Gunawardena said on Tuesday. When Parliament met this morning, the main Opposition Samagi Jana Balawegaya party and the Marxist National People’s Power party said they were boycotting the sessions to protest the Government’s inaction to tackle the current economic crisis. “We see no plan on the part of the government to solve the current economic and fuel shortages issue," Anura Kumara Dissanayake, NPP leader said. The crisis has forced Sri Lankans to wait in lines lasting hours outside stores to buy fuel and cooking gas.

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History of this topic

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

Sri Lankan Parliamentary elections begin with issues of welfare, economic reforms at stake | WATCH
1 month, 1 week ago

Sri Lankan Parliamentary elections begin with issues of welfare, economic reforms at stake | WATCH

India TV News  

Colombo: Sri Lankans began voting on Thursday in a snap election to decide if the Indian Ocean island will give its new leftist president greater strength to help the poor as it recovers from a financial meltdown. "I think we are seeing the first signs of a positive political change in Sri Lanka after the president was elected and we …

Sri Lanka gears up for first presidential elections after economic crisis: Why the polls matter – Firstpost
4 months, 4 weeks ago

Sri Lanka gears up for first presidential elections after economic crisis: Why the polls matter – Firstpost

Firstpost  

Sri Lanka will hold presidential elections on September 21, the first since the country’s devastating economic crisis began in 2019. Incumbent President Ranil Wickremesinghe, who has been instrumental in stabilising the economy with an IMF bailout, faces significant challenges amid widespread public discontent and economic hardship Sri Lanka's President Ranil Wickremesinghe looks on during an interview at Presidential Secretariat, amid …

Sri Lanka will hold presidential election on Sept. 21, its first since declaring bankruptcy in 2022
4 months, 4 weeks ago

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

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka will hold a presidential election on Sept. 21 that will likely be a test of confidence in President Ranil Wickremesinghe’s efforts to resolve the country’s worst economic crisis. Sri Lanka’s crisis was largely the result of staggering economic mismanagement combined with fallout from the COVID-19 pandemic, which along with 2019 terrorism attacks devastated its …

Sri Lanka’s Financial Crisis Gradually Easing: Ranil Wickremesinghe
10 months, 2 weeks ago

Sri Lanka’s Financial Crisis Gradually Easing: Ranil Wickremesinghe

News 18  

Cash-strapped Sri Lanka is “gradually” emerging from its worst economic crisis after the austerity of an IMF bailout, the president said Sunday in a speech to mark independence day. Sri Lanka saw months of civil unrest at the peak of the economic crisis, culminating in the ouster of then-president Gotabaya Rajapaksa when thousands of protesters stormed his home. The International …

Sri Lanka will get the second tranche of a much-need bailout package from the IMF
1 year ago

Sri Lanka will get the second tranche of a much-need bailout package from the IMF

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 Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ …

Sri Lankan President Ranil Wickremesinghe presents budget; says economy not out of crisis yet
1 year, 1 month ago

Sri Lankan President Ranil Wickremesinghe presents budget; says economy not out of crisis yet

The Hindu  

Sri Lankan President Ranil Wickremesinghe on November 13 presented his government’s 2024 budget, emphasising the need for tough reforms until the full recovery of the cash-strapped island nation's economy. Mr. Wickremesinghe said the cost of living allowances for 1.3 million state employees and pensioners numbering 7,00,000 would be raised by Rs.10,000 and Rs.3,000 respectively from 2024. In Sri Lanka, a …

ECONOMIC PERSPECTIVES | Sri Lankan debt crisis to get worse if IMF prescription is heeded
1 year, 5 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 …

Sri Lanka has no money to hold presidential polls in 2023: Cabinet spokesman
1 year, 6 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, 6 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. …

Sri Lanka slashes fuel prices in welcome relief amid crisis
1 year, 8 months ago

Sri Lanka slashes fuel prices in welcome relief amid crisis

Firstpost  

Colombo: Sri Lanka’s government on Wednesday announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis. Sri Lanka earlier this month secured approval of a $2.9 billion IMF bailout program a key step in its recovery from a crisis brought on by the pandemic and …

Sri Lanka's crisis-hit economy shrank by record 7.8% last year
1 year, 9 months ago

Sri Lanka's crisis-hit economy shrank by record 7.8% last year

Firstpost  

An unprecedented economic crisis sparked huge protests in the island nation, culminating last July when a mob stormed the home of then-president Gotabaya Rajapaksa, forcing him to flee the country and resign Colombo, Sri Lanka: Sri Lanka’s crisis-hit economy shrank a record 7.8 per cent last year as long blackouts and critical fuel shortages put a chokehold on local commerce, …

Sri Lanka police fire tear gas at election protest; 15 injured
1 year, 9 months ago

Sri Lanka police fire tear gas at election protest; 15 injured

The Hindu  

Police in Sri Lanka on February 26, 2023 fired tear gas and water cannons to disperse protesters angry over a decision to postpone local elections after the government said it cannot finance them because of the country's crippling economic crisis. Thousands of supporters of the Opposition National People's Power party tried to march toward the main business district in capital …

Sri Lanka Returns to Uninterrupted Power Supply After a Year; at Higher Cost
1 year, 10 months ago

Sri Lanka Returns to Uninterrupted Power Supply After a Year; at Higher Cost

News 18  

After a year of load-shedding, Sri Lankans will get continuous power from Thursday, albeit with a hike in tariff in line with the conditions set by the IMF. President Ranil Wickremesinghe has directed officials to ensure an uninterrupted power supply to customers after the tariff revision is implemented, a statement from the President’s Media Division said. The state power entity …

Sri Lanka bankruptcy to last until 2026: president
1 year, 10 months ago

Sri Lanka bankruptcy to last until 2026: president

Firstpost  

Tax increases and the removal of fuel and electricity subsidies have been unpopular among Sri Lanka’s public, already hit hard by the crisis and rampant inflation Colombo: Sri Lanka’s president said Wednesday the island nation will remain bankrupt for at least three more years as he works to repair battered government finances following an unprecedented economic crisis. I want to …

Sri Lanka Parliamentary panel headed by PM Gunawardena sets up sub-committee to tackle economic crisis
2 years, 2 months ago

Sri Lanka Parliamentary panel headed by PM Gunawardena sets up sub-committee to tackle economic crisis

The Hindu  

Sri Lanka’s Parliamentary panel, headed by Prime Minister Dinesh Gunawardena, has set up two special sub-committees on September 29, including one to tackle the country’s economic crisis. Last week, the National Council was established headed by Mr. Gunawardena and 32 members from various political parties to formulate a roadmap to tide over Sri Lanka’s economic crisis. Sri Lanka is facing …

Photos: Crisis pushes more Sri Lankans into poverty
2 years, 3 months ago

Photos: Crisis pushes more Sri Lankans into poverty

Al Jazeera  

Millions of Sri Lankans are battling a calamitous decline in living standards, as they find themselves forced to skip meals, ration medicines and turn to firewood in place of cooking gas. Hit hard by the COVID-19 pandemic, rising oil prices and economic mismanagement under previous governments, the island nation is in the throes of its starkest crisis since independence from …

Sri Lanka's president to present relief budget amid crisis
2 years, 3 months ago

Sri Lanka's president to present relief budget amid crisis

The Independent  

Sign up for the daily Inside Washington email for exclusive US coverage and analysis sent to your inbox Get our free Inside Washington email Please enter a valid email address Please enter a valid email address SIGN UP I would like to be emailed about offers, events and updates from The Independent. Please try again later {{ /verifyErrors }} Sri …

Sri Lanka must manage existing resources: Central Bank Governor
2 years, 3 months ago

Sri Lanka must manage existing resources: Central Bank Governor

The Hindu  

Sri Lanka should learn to manage its economy with the limited foreign exchange reserves, Governor of the country’s Central Bank Nandalal Weerasinghe has said, as the island nation grapples with an unprecedented economic crisis. Mr. Weerasinghe also commented on the finance ministry’s recently imposed temporary suspension on the importation of over 300 nonessential goods in view of the country's current …

Fuel hike in Bangladesh reignites fears of Sri Lanka-like-crisis in the country
2 years, 4 months ago

Fuel hike in Bangladesh reignites fears of Sri Lanka-like-crisis in the country

Op India  

Days after hinting at an impending economic crisis, the Bangladeshi government on Friday increased the price of petrol by 51.7% and diesel by 45.2%. Huge lines are reported at petrol stations all over Bangladesh… 🔊sound pic.twitter.com/JQmUsLBIAD — Wall Street Silver August 7, 2022 The high inflation has also landed a severe blow on the country’s garment industry as people are …

Sri Lanka leader proposes 25-year plan for crisis-hit nation
2 years, 4 months ago

Sri Lanka leader proposes 25-year plan for crisis-hit nation

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s new president said Wednesday that his government is preparing a national policy roadmap for the next 25 years that aims to cut public debt and turn the country into a competitive export economy as it seeks a way out of its worst economic disaster. President Ranil Wickremesinghe in his speech to Parliament said Sri …

Sri Lankan President Wickremesinghe calls for all-party govt to overcome economic crisis
2 years, 4 months ago

Sri Lankan President Wickremesinghe calls for all-party govt to overcome economic crisis

The Hindu  

Sri Lanka's newly-elected President Ranil Wickremesinghe on Wednesday, August 3, 2022, invited the political parties to form an all-party government to overcome the current economic crisis as the Parliament reconvened after a seven-day adjournment. Mr. Wickremesinghe’s invitation came while presenting the government’s policy statement during the third session of Parliament in accordance with the powers vested in him by Article …

Sri Lanka crisis: Ranil Wickremesinghe urges parties to find ways to repay loans amid economic issues
2 years, 4 months ago

Sri Lanka crisis: Ranil Wickremesinghe urges parties to find ways to repay loans amid economic issues

India TV News  

Highlights Unrest delayed deal with IMF to help pull bankrupt nation out of its economic crisis: Prez Ranil Ranil urged political parties must work together on finding solutions to issues faced by Sri Lanka He further said that there is no point in blaming former president Gotabaya Rajapaksa for crisis Sri Lanka crisis news updates : Sri Lanka's President Ranil …

Sri Lankan Prez Wickremesinghe says government will focus on fixing economy, fuel shortage
2 years, 4 months ago

Sri Lankan Prez Wickremesinghe says government will focus on fixing economy, fuel shortage

The Hindu  

Sri Lankan President Ranil Wickremesinghe has said his government’s main priorities are to fix the country’s ailing economy and end the severe fuel shortage that has exacerbated after the last shipment under the Indian credit line arrived here in June. Minister of Power and Energy Kanchana Wijesekera said on Monday that Sri Lanka will restrict fuel imports for the next …

Sri Lanka’s Parliament approves state of emergency
2 years, 4 months ago

Sri Lanka’s Parliament approves state of emergency

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s Parliament on Wednesday approved a state of emergency that had been declared by President Ranil Wickremesinghe as his government cracks down on demonstrators it accuses of violence while trying to find a way out of the country’s worst economic crisis. Wickremesinghe declared a state of emergency last week as acting president before lawmakers elected …

‘How can we cope?’ ask Sri Lankans as gov’t limits fuel imports
2 years, 4 months ago

‘How can we cope?’ ask Sri Lankans as gov’t limits fuel imports

Al Jazeera  

People in crisis-hit island nation raise serious concerns over the government’s move to restrict imports for another 12 months. Colombo, Sri Lanka – Mothers, taxi drivers, health workers and many other Sri Lankans are raising serious concerns over the government’s announcement that fuel imports will be restricted for another 12 months. “So I bought one litre for 3,000 rupees today …

Sri Lanka to restrict fuel imports for next 12 months
2 years, 4 months ago

Sri Lanka to restrict fuel imports for next 12 months

The Hindu  

Sri Lanka will restrict fuel imports for the next 12 months because of a severe shortage of foreign exchange, its energy minister said on July 25, as the island nation's new government seeks to find a way out of a crippling economic crisis. "Due to Forex issues, Fuel imports has to be restricted in the next 12 months," Sri Lanka's …

Fuel Distribution, Financial Assistance: Sri Lanka Cabinet Discusses Ways to Normalise Situation Within A Week
2 years, 5 months ago

Fuel Distribution, Financial Assistance: Sri Lanka Cabinet Discusses Ways to Normalise Situation Within A Week

News 18  

Sri Lanka’s Cabinet has met for the first time under newly-elected President Ranil Wickremesinghe and discussed ways to normalise the situation in the economic-crisis hit country within a week by regularising functions of the government institutions such as the Prime Minister’s Office and the Presidential Secretariat, according to a media report on Saturday. Sri Lankan troops and police armed with …

In Cash-strapped Sri Lanka, Two More Persons Die While Waiting in Queue for Fuel
2 years, 5 months ago

In Cash-strapped Sri Lanka, Two More Persons Die While Waiting in Queue for Fuel

News 18  

Two men died in cash-strapped Sri Lanka on Friday while waiting in serpentine queues to purchase fuel as widespread shortages and soaring inflation levels continue to heap misery on citizens. The 59-year-old man had left his motorcycle for over two nights near a filling station in Kinniya, a town located in Sri Lanka’s Eastern Province, collapsed on Friday, according to …

Sri Lanka has a new president after driving out ‘evil’ Gota, but its rot goes deeper and further than any leader or clan
2 years, 5 months ago

Sri Lanka has a new president after driving out ‘evil’ Gota, but its rot goes deeper and further than any leader or clan

Firstpost  

Sri Lankan crisis is also a cautionary tale for climate activists who have taken the green pill and want human race to turn back the clock to an idyllic past Rajapaksa clan’s ouster, culminating in Gotabaya’s escape to Singapore and resignation as Sri Lankan president, is a political marker. Cumulatively, as a Chatham House paper indicates, “investment in Sri Lanka …

Sri Lanka crisis updates | July 22, 2022
2 years, 5 months ago

Sri Lanka crisis updates | July 22, 2022

The Hindu  

Senior politician and staunch Rajapaksa loyalist Dinesh Gunawardena on Friday became the third Prime Minister to lead Sri Lanka in the last three months, amid political turbulence sparked by a worsening economic crisis. - Reuters Colombo Sri Lankan troops forcefully clear protesters Sri Lankan forces violently cleared the main protest camp of demonstrators outraged by the country’s economic meltdown as …

India says Sri Lanka crisis severe, no spillover
2 years, 5 months ago

India says Sri Lanka crisis severe, no spillover

Deccan Chronicle  

New Delhi: External affairs minister S. Jaishankar told an all-party meeting here on Tuesday that Sri Lanka was facing “a very serious crisis” which makes India “naturally worried” about a “spillover” into this country. “The reason we took the initiative to request you all to join an all-party meeting was.that this is a very serious crisis and what we are …

Sri Lanka’s political turmoil sows worries for recovery
2 years, 5 months ago

Sri Lanka’s political turmoil sows worries for recovery

India TV News  

A day after Sri Lanka’s president fled, Mohamed Ishad waited outside an immigration office near the capital, clutching a file of documents that he hopes will get his passport renewed so he can leave, too. “Living in Sri Lanka right now is not good — if you want a good life, you need to leave,” he said. “It’s like in …

Centre calls all-party meeting on July 19 to discuss Sri Lanka crisis
2 years, 5 months ago

Centre calls all-party meeting on July 19 to discuss Sri Lanka crisis

India Today  

The Centre will hold an all-party meeting over the ongoing situation in Sri Lanka on Tuesday. Briefing the media after the meeting, Union Parliamentary Affairs Minister Pralhad Joshi, "The government has called another all-party meeting under EAM Dr S Jaishankar and FM Sitharaman on the current crisis in Sri Lanka, to be held on Tuesday." Read | As people stand …

Sri Lanka crisis: Centre calls all-party meeting on July 19; EAM Jaishankar, FM Sitharaman to brief
2 years, 5 months ago

Sri Lanka crisis: Centre calls all-party meeting on July 19; EAM Jaishankar, FM Sitharaman to brief

India TV News  

Sri Lanka Crisis: The Centre has called for an all-party meeting on Tuesday to discuss the economic crisis that is gripping Sri Lanka currently. During a meeting of parties convened on Sunday ahead of the Monsoon Session of Parliament, Tamil Nadu-based DMK and AIADMK demanded India intervene in the neighboring country which is facing a debilitating economic crisis. Talking to …

Why Sri Lankan economic crisis is going to repeat in a dozen other nations, including Pakistan and Ukraine
2 years, 5 months ago

Why Sri Lankan economic crisis is going to repeat in a dozen other nations, including Pakistan and Ukraine

India TV News  

Sri Lanka economic crisis: A close neighbour to India and a great tourism hub, Sri Lanka saw its worst economic crisis in the past few months. Experts say a dozen countries — including Egypt, Tunisia, Sudan, Afghanistan and Pakistan — could suffer the same fate as Lebanon and Sri Lanka, as the post-pandemic recovery and war in Ukraine spark global …

Sri Lanka introduces fuel pass to provide oil in orderly manner
2 years, 5 months ago

Sri Lanka introduces fuel pass to provide oil in orderly manner

India TV News  

Highlights SL govt introduced fuel passes that will guarantee a weekly quota to every vehicle owner A person may register one vehicle under his National Identity Card Number The QR code obtained after registration must be presented to get fuel Aiming to provide fuel to the public in an orderly manner amidst its worst energy crisis, the Sri Lankan government …

Sri Lanka crisis: The story of our next-door neighbour's collapse | Photo Diary
2 years, 5 months ago

Sri Lanka crisis: The story of our next-door neighbour's collapse | Photo Diary

India Today  

Starving people, a crippling economy, dysfunctional politics, a sea of protesters on the streets and police trying to maintain law and order - that's the story of our next-door neighbour, Sri Lanka. Reeling under a severe foreign exchange crisis with falling reserves, Sri Lanka is now struggling to elect a president after Gotabaya Rajapaksa fled the country and Ranil Wickremesinghe …

Sri Lanka crisis: How the island nation descended into chaos; what's next | Explained
2 years, 5 months ago

Sri Lanka crisis: How the island nation descended into chaos; what's next | Explained

India Today  

Violent protests, a debt-laden economy, a President who fled the country and citizens staring at a grim future - that's Sri Lanka today, plunging into deeper economic as well as social crisis with no improvement in sight. With internal political dysfunction and external economic disturbance, the situation is only getting worse even as Prime Minister Ranil Wickremesinghe took charge as …

As people stand in long queues for fuel, Sri Lanka introduces quota scheme to mitigate crisis
2 years, 5 months ago

As people stand in long queues for fuel, Sri Lanka introduces quota scheme to mitigate crisis

India Today  

The Sri Lanka government is all set to introduce a national fuel quota scheme amid the economic crisis that the nation is battling. The steps are being taken as the situation in the island nation is slowly coming to normalcy after Sri Lanka President Gotabaya Rajapaksa sent his resignation letter on Thursday. New fuel distribution mechanism is being worked out …

Sri Lanka crisis updates | July 15, 2022
2 years, 5 months ago

Sri Lanka crisis updates | July 15, 2022

The Hindu  

Gotabaya Rajapaksa has officially resigned as Sri Lanka's President, the Parliamentary Speaker announced on Friday, ending days of uncertainty since the deposed leader fled the island amid monumental public protests over an economic crisis gripping the country. - PTI 12:45 p.m. Wickremesinghe becomes interim Sri Lankan president Prime Minister Ranil Wickremesinghe was sworn in as Sri Lanka’s interim president Friday …

Live updates: Sri Lanka in crisis after president flees
2 years, 5 months ago

Live updates: Sri Lanka in crisis after president flees

CNN  

A man carries a Liquefied Petroleum Gas cylinder after collecting it at distribution point in Colombo, Sri Lanka, on July 12. Over the past decade, the Sri Lankan government has borrowed vast sums of money from foreign lenders to fund public services, said Murtaza Jafferjee, chair of Colombo-based think tank Advocata Institute. This borrowing spree has coincided with a series …

Live updates: Sri Lanka in crisis after president flees
2 years, 5 months ago

Live updates: Sri Lanka in crisis after president flees

CNN  

A man carries a Liquefied Petroleum Gas cylinder after collecting it at distribution point in Colombo, Sri Lanka, on July 12. Over the past decade, the Sri Lankan government has borrowed vast sums of money from foreign lenders to fund public services, said Murtaza Jafferjee, chair of Colombo-based think tank Advocata Institute. This borrowing spree has coincided with a series …

Timeline: Sri Lanka’s worst economic, political crisis in decades
2 years, 5 months ago

Timeline: Sri Lanka’s worst economic, political crisis in decades

Al Jazeera  

Island nation mired in a deep crisis as its president flees country, days after a huge crowd of protesters stormed his residence. Sri Lanka is mired in a deep political and economic crisis and the country’s president has flown out of the country, days after a huge crowd of protesters stormed his residence. April 3: Cabinet resigns Almost all of …

Sri Lanka in crisis: What, why and how?
2 years, 5 months ago

Sri Lanka in crisis: What, why and how?

Al Jazeera  

Unprecedented economic crisis looks to have finally toppled President Gotabaya Rajapaksa as he flees to the Maldives. Sri Lanka’s unprecedented economic crisis looks to have finally toppled President Gotabaya Rajapaksa. The finance ministry says Sri Lanka has only $25m in usable foreign reserves and needs $6bn to stay afloat for six months. Analysts say economic mismanagement by successive governments weakened …

Sri Lanka Crisis: President Rajapaksa flees to Maldives with wife, bodyguards; was to step down today
2 years, 5 months ago

Sri Lanka Crisis: President Rajapaksa flees to Maldives with wife, bodyguards; was to step down today

India TV News  

Highlights Lawmakers agreed to elect a new president next week but struggled on the makeup of a new government For days, people have flocked to the presidential palace almost as if it were a tourist attraction Sri Lanka has been bankrupt and has been struggling with major political collapse Sri Lanka crisis: President Gotabaya Rajapaksa fled the country with his …

Sri Lanka crisis | Ex-Finance Minister Basil Rajapaksa stopped from leaving country
2 years, 5 months ago

Sri Lanka crisis | Ex-Finance Minister Basil Rajapaksa stopped from leaving country

The Hindu  

Basil Rajapaksa, Sri Lanka’s former Finance Minister and younger brother of embattled President Gotabaya Rajapaksa, was turned back at Colombo airport on July 12 as he attempted to leave the country through the VIP terminal, an immigration officer said, amid mounting anger against the powerful family for mishandling the worst economic crisis. President Rajapaksa has officially conveyed to Prime Minister …

EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next
2 years, 5 months ago

EXPLAINER: Why Sri Lanka’s economy collapsed and what’s next

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s prime minister said late last month that the island nation’s debt-laden economy had “collapsed” as it runs out of money to pay for food and fuel. Still, Mukherjee noted that Sri Lanka sits in one of the world’s busiest shipping lanes, so letting a country of such strategic significance collapse is not an option. …

Sri Lanka economic crisis: Parliament to reconvene on July 15, new President election on July 20, say reports
2 years, 5 months ago

Sri Lanka economic crisis: Parliament to reconvene on July 15, new President election on July 20, say reports

India TV News  

Highlights Debt-ridden Sri Lanka to reconvene Parliament on July 15 Lanka, facing its worst ever economic crisis, is likely to elect new President on July 20 Recently, Sri Lankan people took over the Presidential palace while the President had to escape Sri Lanka Crisis: Debt-ridden nation's parliament is likely to reconvene on July 15 and a new President may be …

Sri Lanka Crisis Updates: 'Missing' President Rajapaksa Orders Distribution of Cooking Gas amid Stir
2 years, 5 months ago

Sri Lanka Crisis Updates: 'Missing' President Rajapaksa Orders Distribution of Cooking Gas amid Stir

News 18  

Sri Lanka Crisis LIVE Updates: India on Sunday said it stands with the people of the island nation and it will continue to follow the recent developments. India stands with the people of Sri Lanka as they seek to realize their aspirations for prosperity and progress through democratic means and values, established institutions and constitutional framework,” MEA spokesperson Arindam Bagchi …

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