Sri Lanka President plans to visit New Delhi to discuss his country's economic crisis
2 years, 2 months ago

Sri Lanka President plans to visit New Delhi to discuss his country's economic crisis

The Hindu  

Sri Lankan President Ranil Wickremesinghe announced in Parliament on Thursday that he hopes to visit New Delhi to discuss the island nation’s worst economic crisis. The President also said that Sri Lanka hoped to reach a common agreement with creditor nations including Japan, China, and India, adding that Japan was ready to assist the bankrupt nation in the reconciliation process. Comment | Between India and China — Sri Lanka’s survival strategy Mr. Wickremesinghe said that the island nation will only be able to secure an IMF assurance after reaching an agreement with the creditor nations and private lenders. The President said that Sri Lanka after signing an agreement with creditor nations will be able to access bridging finance with lenders like the World Bank and the Asian Development Bank.

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History of this topic

Sri Lanka president to visit key lender China
4 days, 8 hours ago

Sri Lanka president to visit key lender China

New Indian Express  

Sri Lankan President Anura Kumara Dissanayake will travel to the island's largest bilateral lender China for talks in January, he said on Saturday, days after completing a long-delayed foreign debt restructure. China accounted for more than half of Sri Lanka's bilateral debt at the time of the 2022 economic crash, when Colombo ran out of foreign exchange to pay for …

How Dissanayake’s Delhi visit is a show of India's diplomatic deftness
Trending News
1 week, 1 day 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, Sri Lanka decide to ramp up defence, energy, trade ties
1 week, 1 day 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 …

‘Helped us immensely’: Sri Lankan President Dissanayake thanks India for $5 billion economic support
1 week, 1 day ago

‘Helped us immensely’: Sri Lankan President Dissanayake thanks India for $5 billion economic support

Hindustan Times  

Sri Lankan President Anura Kumara Dissanayake on Monday thanked India for economic support during the island nation's financial meltdown and crucial assistance in restructuring bilateral debt. Issuing a joint press statement, Prime Minister Narendra Modi said that India's bilateral projects in Sri Lanka is “always” based on Colombo's “development priorities”. Sri Lanka's assurance The Sri Lankan president also assured that …

Modi holds talks with Sri Lankan President Disanayaka
1 week, 2 days ago

Modi holds talks with Sri Lankan President Disanayaka

Deccan Chronicle  

New Delhi: Prime Minister Narendra Modi on Monday held extensive talks with Sri Lankan President Anura Kumara Disanayaka, focusing on further shoring up India-Sri Lankan cooperation in a range of areas, including defence, trade and investment.The Sri Lankan leader arrived in Delhi on Sunday, his first foreign trip after becoming president in September. "An extensive agenda encompassing trade, investment, development …

Sri Lanka president visits India in first overseas trip, to meet PM Modi later today
1 week, 2 days ago

Sri Lanka president visits India in first overseas trip, to meet PM Modi later today

Hindustan Times  

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. Leftist Anura Kumara Dissanayake came to power in Sri Lanka in September 2024. Leftist Dissanayake, who came to power in September on a pledge to fight corruption, is expected to meet Indian Prime Minister …

Sri Lankan President Dissanayake meets PM Modi on his first foreign visit, thanks India for financial aid
1 week, 2 days ago

Sri Lankan President Dissanayake meets PM Modi on his first foreign visit, thanks India for financial aid

New Indian Express  

NEW DELHI: Sri Lankan President Anura Kumara Dissanayake met Prime Minister Narendra Modi on Monday in his first foreign visit after assuming office, ahead of going to China next month. In his meeting with Prime Minister Narendra Modi, Dissanayake thanked India for the $4 billion financial assistance and also acknowledged India’s support in Sri Lanka’s debt restructuring. President Dissanayake thanked …

Sri Lankan President Dissanayake begins India visit with talks on trade, security
1 week, 2 days 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 …

How history has come full circle with Sri Lankan President Dissanayake's visit to India
Trending News
1 week, 4 days ago

How history has come full circle with Sri Lankan President Dissanayake's visit to India

New Indian Express  

Anura Kumara Dissanayake, Sri Lanka's newly elected president, is visiting New Delhi for the second time in just 10 months. But Delhi was keenly aware of Sri Lanka's changing political landscape and the possibility of Dissanayake becoming the island's next president, whenever an election was called. In recent years, India has made significant investments in Sri Lanka's infrastructure and will …

Budget travel guide: How to visit Sri Lanka in less than ₹1 lakh
2 weeks, 5 days ago

Budget travel guide: How to visit Sri Lanka in less than ₹1 lakh

Hindustan Times  

A tiny teardrop of an island, Sri Lanka is not only a quick getaway from India, it also offers a million options to the travellers - historic towns, tea plantations, beaches, ancient temples and forts, and wildlife reserves. Scale Sigiriya rock fortress: A UNESCO World Heritage site, the ruins of Sigiriya fortress sit atop a 200m-high rock in Central Province; …

Sri Lanka's President plans to visit China after his first overseas trip to India: Official
4 weeks, 1 day ago

Sri Lanka's President plans to visit China after his first overseas trip to India: Official

India TV News  

Colombo: Sri Lankan President Anura Kumara Dissanayake plans to visit China following his proposed official trip to India, Cabinet spokesman Nalinda Jayathissa said on Tuesday. On behalf of Prime Minister Narendra Modi, Minister Jaishankar had extended an invitation to President Dissanayake to undertake a visit to India at a mutually convenient date, according to a local media report. The Chinese …

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

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election
2 months, 2 weeks ago

India’s foreign minister becomes the first such dignitary to visit Sri Lanka since the election

Associated Press  

COLOMBO, Sri Lanka — India’s Foreign Minister S. Jaishankar met Sri Lanka’s newly elected President Anura Kumara Dissanayake Friday in the first such visit of a dignitary since a new government took office in the island nation last month, amid questions over how Dissanayake would balance between regional powers China and India. At the same time, China’s support to restructure …

Sri Lanka’s presidential election a test for current leader, 2 years after its economy hit bottom
3 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 …

Sri Lanka: The country famed for pristine beaches and ancient temples hoping to rebuild tourism
3 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 …

Sri Lanka president defends IMF bailout in campaign launch
3 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 …

​Back from the brink: The Hindu Editorial on the Sri Lankan elections and the road ahead
4 months ago

​Back from the brink: The Hindu Editorial on the Sri Lankan elections and the road ahead

The Hindu  

Sri Lanka’s ninth presidential election, scheduled for September 21, has attracted a record 39 candidates, signalling a return to “business as usual” despite the severe economic crisis of 2022. At 75, he aims to garner broad support by highlighting the political and economic stability achieved during his two-year tenure, made possible by backing from the Sri Lanka Podujana Peramuna, led …

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 reaches deal on debt restructuring with bilateral creditors including China and France
5 months, 4 weeks ago

Sri Lanka reaches deal on debt restructuring with bilateral creditors including China and France

Associated Press  

COLOMBO, Sri Lanka — Sri Lanka’s President Ranil Wickremesinghe announced a debt restructuring deal with countries including India, France, Japan and China in a televised address to the nation Wednesday. Similarly, we signed another agreement with China’s Exim Bank today in Beijing.. Sri Lanka won,” Wickremesinghe said. Sri Lanka declared bankruptcy in April 2022 and suspended repayments on some $83 …

Sri Lankan president says he is seeking to defer loan payments until 2028 amid economic crisis
9 months, 2 weeks ago

Sri Lankan president says he is seeking to defer loan payments until 2028 amid economic crisis

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's president said Wednesday …

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 …

Pulling Sri Lanka out of the abyss
10 months, 3 weeks 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 …

Sri Lanka says debt restructure finalised by April
11 months, 1 week ago

Sri Lanka says debt restructure finalised by April

The Hindu  

Sri Lanka's bankrupt government said Friday that a foreign debt restructure would be finalised by the beginning of April, after signs the economy was emerging from its worst crisis on record. The IMF released a $337-million second tranche of its four-year loan last month after Colombo secured an "in principle" debt agreement with China, Sri Lanka's biggest bilateral lender. Mr. …

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 …

Sri Lanka approves free tourist visas for visitors from India, six other countries
1 year, 2 months ago

Sri Lanka approves free tourist visas for visitors from India, six other countries

The Hindu  

Sri Lanka on October 24 waived visa fee for Indians and tourists from six other countries, as part of its efforts to boost tourist arrivals and help rebuild the island nation’s battered economy following last year’s financial crash. As part of its decisions this week, the Cabinet announced implementation of a pilot project to issue free tourist visas to tourists …

At Indian Ocean conference in Colombo, Jaishankar raises dangers of unviable debt, projects
1 year, 2 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 …

Confusion over Sri Lanka granting permission to Chinese survey vessel in October
1 year, 3 months ago

Confusion over Sri Lanka granting permission to Chinese survey vessel in October

Hindustan Times  

Confusion prevails in Sri Lanka over granting permission to Chinese Research vessel Shi Yan 6 to conduct ocean survey off the island nation in October after New Delhi raised its serious concerns with the Ranil Wickremesinghe government. India has officially raised concerns to Sri Lanka for allowing a free run to Chinese survey, surveillance and ballistic missile trackers ships at …

Economic crisis-hit Sri Lanka repays $50 million loan instalment to Bangladesh after two years
1 year, 4 months ago

Economic crisis-hit Sri Lanka repays $50 million loan instalment to Bangladesh after two years

Firstpost  

In August 2021, in a bid to alleviate Sri Lanka’s foreign exchange crisis, Bangladesh extended a lifeline in the form of a $200 million loan from its foreign exchange reserves Cash-strapped Sri Lanka has paid the first instalment of $50 million against a loan obtained from Bangladesh under a currency swap agreement in August 2021. In August 2021, in a …

Sri Lanka on path of economic recovery: FM Shehan Semasinghe
1 year, 4 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, …

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region
1 year, 5 months ago

How India has revamped its approach to engage with Sri Lanka amid China's growing presence in the Indo-Pacific Region

Firstpost  

India’s accelerated overtures to Sri Lanka in the past few years are emblematic of its engagements in the wider Indo-Pacific Region Sri Lankan President Ranil Wickremesinghe’s visit to India on 20-21 July came at a time when the ties between the two neighbours have been in flux for the past few years. India’s strategic engagements with Sri Lanka gained traction …

DC Edit | Delhi's ties with Colombo see promising new turn
1 year, 5 months ago

DC Edit | Delhi's ties with Colombo see promising new turn

Deccan Chronicle  

It was more than symbolic that Sri Lanka should propose a land bridge to connect with India. Having suffered at the hands of the debt trap diplomacy of China and in the aftermath of the serious economic strife that gripped the island last year when the Rajapaksas were forced to unceremoniously exit from power, Sri Lanka may now be looking …

Focus on joint projects during Sri Lankan President Ranil Wickremesinghe’s India visit
1 year, 5 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 …

Sri Lankan President Wickremesinghe arrives in India; boosting cooperation on energy connectivity on agenda
1 year, 5 months ago

Sri Lankan President Wickremesinghe arrives in India; boosting cooperation on energy connectivity on agenda

India TV News  

Sri Lankan President Ranil Wickremesinghe on Thursday arrived in Delhi on a two-day official visit to India. Taking to his official Twitter handle, Ministry of External Affairs official spokesperson Arindam Bagchi noted that Wickremesinghe's visit will further boost the multi-prolonged partnership between India and Sri Lanka. During his visit, President Wickremesinghe will meet his Indian counterpart Droupadi Murmu and discuss …

Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe
1 year, 5 months ago

Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe

The Hindu  

Sri Lanka would want to see the Indian rupee used as much as the U.S. dollar, President Ranil Wickremesinghe has said, days ahead of his first official visit to New Delhi. “Just as East Asia, including countries like Japan, Korea and China, witnessed significant growth 75 years ago, it is now India’s turn, along with the Indian Ocean region," Mr. …

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 Lankan President Wickremesinghe to visit India on July 21
1 year, 5 months ago

Sri Lankan President Wickremesinghe to visit India on July 21

The Hindu  

Sri Lankan President Ranil Wickremesinghe will embark on a two-day visit to India on July 21 during which he is expected to meet Prime Minister Narendra Modi, officials here said on July 9. This will be Mr. Wickremesinghe’s first visit to India since being appointed President of the cash-strapped country last year following the ouster of Gotabaya Rajapaksa in a …

India says it will continue to support Sri Lanka in overcoming its financial crisis
1 year, 5 months ago

India says it will continue to support Sri Lanka in overcoming its financial crisis

The Hindu  

India has reiterated its willingness to play "a constructive role" in supporting Sri Lanka's efforts for recovery from the worst economic crisis. In May this year, 17 countries that have extended loans to Sri Lanka formed an official creditor committee' co-chaired by India, Japan, and France, to discuss Sri Lanka’s request for debt treatment. Mr. Jacob said India’s financial and …

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring
1 year, 5 months ago

India Continues To Help Sri Lanka Stand Economically, But Colombo’s Love For Beijing Keeps Soaring

ABP News  

The day was July 9, 2022 when the world witnessed unprecedented developments taking place in Indian Ocean island nation of Sri Lanka even as a large number of protestors stormed the President’s palace in Colombo that eventually led to an unceremonious escape of then President Gotabaya Rajapaksa to Maldives and then to Singapore. During a two-day visit to China, Sri …

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. …

India Extends $1 Billion Credit Line To Sri Lanka For Another Year Amid Economic Crisis
1 year, 6 months ago

India Extends $1 Billion Credit Line To Sri Lanka For Another Year Amid Economic Crisis

ABP News  

In a move to assist Sri Lanka in overcoming its severe economic crisis, India has extended its under-utilized USD 1 billion credit line for an additional year. The agreement between the State Bank of India and the Sri Lankan government was initially signed in March of last year, during the height of the country's economic turmoil. The Indian High Commission …

India extends $1-bn credit facility for Sri Lanka by one year
1 year, 6 months ago

India extends $1-bn credit facility for Sri Lanka by one year

Hindustan Times  

NEW DELHI: India on Tuesday extended by a year a $1-billion credit facility provided to the Sri Lankan government to cope with an economic crisis, with officials saying this was done in response to a request from Colombo. The credit facility was extended through the State Bank of India in response to a specific request from the Sri Lankan government …

India extends $1 billion credit line to Sri Lanka by another year
1 year, 6 months ago

India extends $1 billion credit line to Sri Lanka by another year

The Hindu  

India on May 30 extended its $1 billion credit line to Sri Lanka by another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed food, medicine and other essential items. An agreement was signed between the State Bank of India and the Sri Lankan government for $1 billion credit facility in March last year. …

Debt-ridden Sri Lanka gets $350 million loan from Asian Development Bank
1 year, 6 months ago

Debt-ridden Sri Lanka gets $350 million loan from Asian Development Bank

Live Mint  

In a sigh of relief for the debt-struck island nation, the Asian Development Bank approved a $350 million special loan to Sri Lanka on Monday. "ADB is concerned about the deep crisis in the country and its impact on the people of Sri Lanka, especially the poor and the vulnerable, particularly women," ADB President Masatsugu Asakawa said in the statement. …

Sri Lanka trying to reduce overall debt by $17 billion, president says
1 year, 7 months ago

Sri Lanka trying to reduce overall debt by $17 billion, president says

Live Mint  

Sri Lanka is trying to reduce its overall debt by $17 billion through restructuring, its president told the parliament on Wednesday as he sought support of opposition parties for a nearly $3 billion International Monetary Fund programme. President Ranil Wickremesinghe also said the country would discuss debt restructuring with India and the Paris Club of creditors on one platform and …

Sri Lankan envoy Moragoda stresses importance of economic integration with India
1 year, 8 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 …

Crisis-hit Sri Lanka to see economic contraction in 2023: Report
1 year, 8 months ago

Crisis-hit Sri Lanka to see economic contraction in 2023: Report

Live Mint  

Crisis-hit Sri Lanka is estimated to see a contraction in its economic growth this year, according to Asian Development Bank data. The Washington-based financial body has recently approved a 48-month arrangement under the Extended Fund Facility of about USD 3 billion to support Sri Lanka's economic policies and reforms. The needed reforms, according to the development bank's Asian Development Outlook …

Sri Lanka's President Ranil Wickremesinghe seeks India's help with policy reforms, governance, public service delivery
1 year, 8 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 …

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 …

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