Sri Lanka Crisis

A shortage of medicine caused by an economic crisis in Sri Lanka could soon cause deaths, doctors said, as hospitals are forced to postpone life-saving procedures for their patients because they do not have the necessary drugs. Sri Lanka…
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Sri Lanka will lower the amount of foreign currency that individuals can hold to $10,000 from $15,000, and penalize anyone who holds foreign currency for more than three months by making it against the law, the island nation’s central bank…
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The economic crisis of Sri Lanka is deepening with each passing day. Prime Minister Ranil Wickremesinghe urged Sri Lankans not to join the long queues outside gas stations as the cash-strapped nation has run out of petrol stock. News…
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Protesters attacked earlier this week by supporters of Sri Lanka’s government demanded Friday that the newly appointed prime minister arrest his predecessor for allegedly instigating the attack against them as they were calling for his…
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Ranil Wickremesinghe, in his first comments after swearing-in as the new Prime Minister of Sri Lanka on Thursday, said the island nation’s relations with India will be “much better” than the previous government. Wickremesinghe also said he…
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Stopping short of announcing his resignation, Sri Lanka president Gotabaya Rajapaksa on Wednesday said that the country will get a new prime minister and a new cabinet “within this week”, two days after his brother, Mahinda Rajapaksa,…
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The China-backed Asian Infrastructure Investment Bank is considering granting $100 million in emergency support to Sri Lanka, the country’s finance ministry said on Sunday. Sri Lanka has requested foreign-exchange liquidity support for…
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With protests and strikes showing no signs of weakening, Sri Lankan President Gotabaya Rajapaksa declared a state of emergency in the Island nation on Friday night as the public resentment against the Rajapaksas for the deep economic crisis…
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Amid the ongoing economic crisis and the large scale public anger against the ruling government, Sri Lanka’s leader of Opposition and Samagi Jana Balawegaya (SJB) leader Sajith Premadasa on Saturday said that the no-confidence motion will…
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Cash-strapped Sri Lanka announced a 40 percent price hike for dozens of commonly used medicines on Saturday as the island nation labours through its worst economic crisis in decades. Months of lengthy blackouts and acute shortages of food,…
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