Sri Lanka: The siege within
2 years, 8 months ago

Sri Lanka: The siege within

The Hindu  

On the night of Avurudu, the Sinhalese New Year, which falls on April 14, people poured out onto the streets of Colombo, the Sri Lankan capital, in a celebration of sorts. Yet again, on the occasion of the Tamil and Sinhala New Year, Mahinda Rajapaksa tweeted: “As the New Year dawns on our nation during one of the most challenging times for us as a people, let us come together as one, to work towards a better future for #Sri Lanka.” His message had only greetings written, unusually, only in Sinhala. Rajapaksas doing what Rajapaksas do.” Bankruptcy & debt default On April 12, Sri Lanka finally took the most difficult financial decision in recent times: to stop all international debt payments until the country’s economy improved. A release from the Ministry of Finance said: “It shall therefore be the policy of the Sri Lankan government to suspend normal debt servicing…for an interim period pending an orderly and consensual restructuring of those obligations in a manner consistent with an economic adjustment program supported by the IMF.” Sri Lanka’s total foreign debt is $51 billion. The government has taken extraordinary steps in an effort to avoid a resort to these measures, but it is now apparent that any further delay risks inflicting permanent damage on Sri Lanka’s economy and causing potentially irreversible prejudice to the holders of the country’s external public debts.” Sri Lanka’s Daily FT headline on page one screamed the next morning: ‘Sri Lanka declares bankruptcy.’ This is the first time since Sri Lanka became independent that the country had defaulted on its external debt service obligations.

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History of this topic

IMF says the economic situation in debt-stricken Sri Lanka is gradually improving
9 months ago

IMF says the economic situation in debt-stricken Sri Lanka is gradually improving

Associated Press  

COLOMBO, Sri Lanka — The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. Sri Lanka’s year-on-year economic expansion in the third quarter of 2023 was 1.6% and in the fourth quarter 4.5%, the IMF said. The economic crisis in early 2022 left Sri …

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 Lanka Woos Indian Travellers with Weak Currency
1 year, 4 months ago

Sri Lanka Woos Indian Travellers with Weak Currency

Deccan Chronicle  

Sri Lanka is as safe as any tourist place in the world. We were building back and then things stopped a little bit last year with some news of unrest coming out of Sri Lanka about 15 months ago. India is now the number one source of tourists for Sri Lanka. Tourism directly or indirectly supports two million people in …

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. …

In too deep: The Hindu Editorial on Sri Lanka’s economic crisis and the IMF aid package
1 year, 8 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 …

IMF approves $3-billion bailout for Sri Lanka; tackling corruption a key condition
1 year, 9 months ago

IMF approves $3-billion bailout for Sri Lanka; tackling corruption a key condition

The Hindu  

The International Monetary Fund on March 20 cleared a $3 billion-Extended Fund Facility for Sri Lanka, potentially unlocking more loans for the debt-ridden island nation that is struggling to recover from last year’s economic meltdown. Identifying corruption as a key issue, an IMF “governance diagnostic mission” has started assessing Sri Lanka’s governance and anti-corruption framework in its first such exercise …

IMF approves crucial $3 Billion bailout for bankrupt Sri Lanka
1 year, 9 months ago

IMF approves crucial $3 Billion bailout for bankrupt Sri Lanka

India TV News  

IMF: Amid tremendous economic and social challenges in Sri Lanka, the International Monetary Fund approved a nearly $3 billion bailout program for the country over four years to help salvage the country's bankrupt economy. Sri Lanka facing heightened financial sector vulnerabilities “Sri Lanka has been facing tremendous economic and social challenges with a severe recession amid high inflation, depleted reserves, …

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 unions stage strike to protest against IMF bailout plan
1 year, 9 months ago

Sri Lanka unions stage strike to protest against IMF bailout plan

Al Jazeera  

Thousands of workers at hospitals, schools and railways across Sri Lanka have gone on strike to protest against high costs of living, including increased taxes imposed as a precondition for an International Monetary Fund bailout, amid the country’s worst financial crisis in decades. “Sri Lanka is at a very sensitive point and it is important for the public to understand …

Sri Lanka says ‘positive news’ coming from IMF on $2.9 billion package
1 year, 9 months ago

Sri Lanka says ‘positive news’ coming from IMF on $2.9 billion package

The Hindu  

Sri Lanka is on the verge of getting “very positive news” from the International Monetary Fund on a $2.9 billion programme, a government minister said on Tuesday, while a senior source said it had also won debt restructuring support from China. Sri Lankan President Ranil Wickremesinghe’s office said he would deliver a special statement in parliament on Tuesday to “explain …

Sri Lanka's central bank raises interest rates in anticipation of IMF bailout
1 year, 9 months ago

Sri Lanka's central bank raises interest rates in anticipation of IMF bailout

India TV News  

Sri Lanka's central bank on Friday decided to raise both deposit and lending interest rates in anticipation of the finalisation of a much-needed bailout facility from the IMF, the governor Nandalal Weerasinghe told reporters. “Given the necessity of fulfilling all the ‘prior actions’ in order to move forward with the finalisation of the IMF Extended Fund Facility arrangement, the Monetary …

Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout
1 year, 10 months ago

Sri Lanka hikes power prices by 66% hoping to ensure IMF bailout

Firstpost  

The IMF has agreed to lend Sri Lanka $2.9 billion in September to overcome its worst financial crisis in seven decades, but the bailout comes with conditions that include raising taxes, removing subsidies and cutting public sector debt Colombo: Amid a full-blown economic crisis, Sri Lanka on Thursday raised electricity prices by 66%, in a move that the government hopes …

India did not wait, did what was right to help Sri Lanka: Jaishankar
1 year, 11 months ago

India did not wait, did what was right to help Sri Lanka: Jaishankar

The Hindu  

India did not wait for other bilateral creditors but did “what is right” for Sri Lanka’s economic recovery, visiting External Affairs Minister S. Jaishankar said on Friday, following talks with Sri Lankan President Ranil Wickremesinghe in Colombo. India is “a reliable neighbour, a trustworthy partner, one who is prepared to go the extra mile when Sri Lanka feels the need”, …

Sri Lanka awaiting assurances from India, China, says Central Bank Governor
2 years ago

Sri Lanka awaiting assurances from India, China, says Central Bank Governor

The Hindu  

Sri Lanka is waiting for financing assurances from its bilateral creditors, including India and China, to tap support from the International Monetary Fund, according to Sri Lanka’s Central Bank Governor P. Nandalal Weerasinghe. Balance of Payments With Colombo’s decision to default on its $51-billion foreign debt — the Governor maintained it was a “debt standstill” as against a hard default …

Will an IMF deal help Sri Lankans?
2 years, 3 months ago

Will an IMF deal help Sri Lankans?

Al Jazeera  

While the $2.9bn agreement will provide some relief, its disbursement is still nearly six months away. Colombo, Sri Lanka – “We have seen people fight for food at our meal drives, it is very difficult to watch”, the co-founder of a charity organisation which provides regular meals to the poor in the country, tells Al Jazeera. While the Trust has …

Five months of Sri Lankan crisis: From state of emergency to $2.9 billion bailout deal
2 years, 3 months ago

Five months of Sri Lankan crisis: From state of emergency to $2.9 billion bailout deal

Firstpost  

The island nation of 22 million people has suffered months of blackouts as well as acute food, fuel and medicine shortages Colombo: Sri Lanka struck a $2.9 billion bailout deal with the International Monetary Fund on Thursday, a key hurdle in the government’s efforts to overcome a painful and unprecedented economic crisis. AFP looks at how the crisis unfolded: 1 …

Sri Lanka’s president says IMF talks nearing successful end
2 years, 3 months ago

Sri Lanka’s president says IMF talks nearing successful end

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s president said Tuesday that his bankrupt country’s talks with the International Monetary Fund for a rescue package have successfully reached final stages as he presented an amended budget that seeks to tame inflation and hike taxes. President Ranil Wickremesinghe, who is also the finance minister, said in a speech in Parliament that his government …

Sri Lanka President Raises IMF Loan Hopes, Budget Aims to Bolster Revenue
2 years, 3 months ago

Sri Lanka President Raises IMF Loan Hopes, Budget Aims to Bolster Revenue

News 18  

Sri Lanka’s talks with the International Monetary Fund on a bailout package have made solid progress, its president said on Tuesday, as he presented an interim budget aimed at boosting revenue and mending the country’s battered finances. In an address to parliament, President Ranil Wickremesinghe also said the government would aim to control inflation and introduce legislation to bolster central …

Sri Lanka President raises IMF loan hopes, budget aims to bolster revenue
2 years, 3 months ago

Sri Lanka President raises IMF loan hopes, budget aims to bolster revenue

The Hindu  

Sri Lanka’s talks with the International Monetary Fund on a bailout package have made solid progress, its President said on August 30, as he presented an interim budget aimed at boosting revenue and mending the country’s battered finances. In an address to parliament, President Ranil Wickremesinghe also said the government would aim to control inflation and introduce legislation to bolster …

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  

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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 …

Envoy says India-Sri Lanka should build framework to discuss maritime concerns like the Chinese ship
2 years, 3 months ago

Envoy says India-Sri Lanka should build framework to discuss maritime concerns like the Chinese ship

The Hindu  

Amidst signs of New Delhi’s disappointment over Colombo’s decision to allow a Chinese tracking vessel to dock in Hambantota, Sri Lanka’s envoy in India called for building a new “framework” on how to deal with such maritime security concerns in the future. Speaking to The Hindu days after the Chinese satellite and missile tracking ship, the Yuan Wang 5 had …

Sri Lanka bans import of 300 items of consumer goods to stabilise economy
2 years, 4 months ago

Sri Lanka bans import of 300 items of consumer goods to stabilise economy

India TV News  

Highlights Sri Lanka has slapped a ban on the import of 300 consumer items, like chocolates and shampoo Sri Lanka is going through its worst economic crisis since its independence in 1948 Sri Lanka is desperate for an IMF bailout and talks for a staff-level agreement have commenced Sri Lanka has slapped a ban on the import of 300 consumer …

Sri Lanka economic crisis: IMF delegation to visit Colombo next week to conclude staff-level agreement
2 years, 4 months ago

Sri Lanka economic crisis: IMF delegation to visit Colombo next week to conclude staff-level agreement

Firstpost  

Since Sri Lanka’s public debt is assessed as unsustainable, approval by the IMF Executive Board of the Extended Fund Facility programme would require adequate assurances by Sri Lanka’s creditors that debt sustainability will be restored Colombo: A senior International Monetary Fund delegation will travel to Colombo the following week for discussions on finalising a staff-level agreement with the government in …

IMF delegation to visit Sri Lanka by August end: Central Bank Governor
2 years, 4 months ago

IMF delegation to visit Sri Lanka by August end: Central Bank Governor

The Hindu  

The Sri Lankan government's negotiations with the IMF for a bailout package have made "good progress," the Central Bank Governor said on Thursday, indicating that a top delegation of the Washington-based lender is expected to arrive here at the end of this month to finalise a staff-level agreement. "The IMF programme is making a good progress, and an IMF mission …

Sri Lankans bide time as leaders seek fix for economic woes
2 years, 4 months ago

Sri Lankans bide time as leaders seek fix for economic woes

Associated Press  

COLOMBO, Sri Lanka — Sri Lankans who have endured months of fuel and food shortages are bracing for more pain as a newly installed government scrambles to find solutions to the Indian Ocean nation’s economic emergency. “Because public debt is assessed as unsustainable,” the IMF’s approval would “require adequate financing assurances from Sri Lanka’s creditors that debt sustainability will be …

Sri Lanka Parliament Extends Emergency Amid Continued Crisis
2 years, 4 months ago

Sri Lanka Parliament Extends Emergency Amid Continued Crisis

News 18  

Sri Lanka’s parliament approved the extension of a state of emergency for a month on Wednesday, a lawmaker said, in a bid to get a grip on a political and economic crisis that has forced a change of leadership. “It is my belief he may eventually consider returning to Sri Lanka but there is no definite political or other stance …

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 …

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 …

In Sri Lanka, the crisis is not over, yet
2 years, 5 months ago

In Sri Lanka, the crisis is not over, yet

Hindustan Times  

Sri Lankan parliamentarians have placed the onerous task of pulling their country out of its worst economic crisis and restoring order and stability squarely on the shoulders of Ranil Wickremesinghe, who was elected the new president more because of the support he enjoys from former President Gotabaya Rajapaksa’s party than his economic credentials and his role in past economic reforms. …

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

Associated Press  

COLOMBO, Sri Lanka — 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 …

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 …

Sunanda K. Datta-Ray | Keep race, religion out in a Sri Lankan revival plan
2 years, 5 months ago

Sunanda K. Datta-Ray | Keep race, religion out in a Sri Lankan revival plan

Deccan Chronicle  

It sounds remote but newspaper pictures of Prime Minister Narendra Modi and Lok Sabha Speaker Om Birla attending a Hindu puja to unveil a massively magnified version of Ashoka’s Lion Capital atop New Delhi’s new Parliament building might explain the bitterness that underlies Sri Lanka’s current crisis. India has a role in helping Sri Lanka to find a long-term solution …

The AP Interview: Sri Lanka candidate sees tough work ahead
2 years, 5 months ago

The AP Interview: Sri Lanka candidate sees tough work ahead

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s opposition leader, who is seeking the presidency next week, vowed Friday to “listen to the people” who are struggling through the island nation’s worst economic crisis and to hold accountable the president who fled under pressure from protesters. In an interview with The Associated Press from his office in the capital, Sajith Premadasa said …

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 …

Sri Lanka crisis updates | July 13, 2022
2 years, 5 months ago

Sri Lanka crisis updates | July 13, 2022

The Hindu  

Sri Lanka’s Prime Minister Ranil Wickremesinghe instructed the military and police “to do what is necessary to restore order”. July 13 9.40 pm Sri Lanka acting president asks parliamentary speaker to nominate new prime minister Sri Lanka’s acting President and Prime mMnister, Ranil Wickremesinghe, has asked the Speaker of Parliament to nominate a new prime minister, his media team said …

Sri Lanka latest updates: PM asks speaker to choose new leader
2 years, 5 months ago

Sri Lanka latest updates: PM asks speaker to choose new leader

Al Jazeera  

Ranil Wickremesinghe says new PM should be ‘acceptable to both the government and opposition’. 13 Jul 2022 - 07:30 GMT ‘Legal limbo’ as PM claims he is ‘acting president’ Al Jazeera’s Vaessen has reported “there is a legal limbo” in Sri Lanka as Prime Minister Wickremesinghe presents himself as acting president by declaring a state of emergency. As far as …

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 …

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 talks grow urgent as political vacuum deepens
2 years, 5 months ago

Sri Lanka talks grow urgent as political vacuum deepens

The Hindu  

Sri Lanka is in a political vacuum for a second day on July 11 with opposition leaders yet to agree on who should replace its roundly rejected leaders, whose residences are occupied by protesters, angry over the country's economic woes. Protesters remained in President Gotabaya Rajapaksa’s residence, his seaside office and the prime minister’s official home, which they took possession …

Speaker Mahinda Abeywardana may be Acting President of Sri Lanka
2 years, 5 months ago

Speaker Mahinda Abeywardana may be Acting President of Sri Lanka

Hindustan Times  

With no public sympathy for the eternal survivor and former prime minister Ranil Wickremesinghe to succeed the disgraced Rajapaksas, Speaker Mahinda Yapa Abeywardana is likely to be appointed Acting President of Sri Lanka after President Gotabaya Rajapaksa demits office on July 13. Irate public instaged by the Leftist narrative on social media stormed Sri Lankan President's official quarters, forcing the …

Sri Lankan crisis is serious matter, India's focus is on helping them: EAM S Jaishankar
2 years, 5 months ago

Sri Lankan crisis is serious matter, India's focus is on helping them: EAM S Jaishankar

India Today  

External Affairs Minister S Jaishankar on Sunday called the economic crisis in Sri Lanka a “serious matter” and said India’s focus at the moment is on helping them. Jaishankar said India had earlier given Sri Lanka a line of credit which kept essential commodities flowing to them for the past several months. India denies reports of sending troops to Sri …

Amid escalating Colombo crisis, India vows it will \'stand with people of Sri Lanka\'
2 years, 5 months ago

Amid escalating Colombo crisis, India vows it will \'stand with people of Sri Lanka\'

Deccan Chronicle  

New Delhi: As Sri Lanka battles an unprecedented economic and political crisis, the Government of India declared on Sunday that it “stands with the people of Sri Lanka” and that it was closely monitoring the evolving situation in the island nation. India stands with the people of Sri Lanka as they seek to realise their aspirations for prosperity and progress …

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 …

Sri Lanka crisis: How did we get here and what comes next?
2 years, 5 months ago

Sri Lanka crisis: How did we get here and what comes next?

Al Jazeera  

Protesters occupying government buildings say they will remain until the president and the prime minister step down. Following months of economic, political, and social turbulence in Sri Lanka, thousands of protesters stormed key government buildings in the capital Colombo on Saturday, including the official residence of President Gotabaya Rajapaksa. The Rajapaksa legacy The Rajapaksa family has dominated Sri Lankan politics …

Sri Lanka hopes to install new gov’t after day of chaos and rage
2 years, 5 months ago

Sri Lanka hopes to install new gov’t after day of chaos and rage

Al Jazeera  

Calm on the streets, a day after protesters stormed the president’s residence and set fire to PM’s house, forcing both leaders to announce resignations. Colombo, Sri Lanka – There is calm on the streets of Sri Lanka, a day after protesters stormed the president’s residence and set fire to the prime minister’s house, forcing both the leaders to announce their …

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