Sri Lanka

Sri Lanka has proposed the launch of a Climate Justice Forum (CJF) at COP 28 which will be held in the United Arab Emirates, Speaking at the Presidential Media Centre Environment Minister Naseer Ahamed stated that Sri Lanka has proposed…
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Despite Sri Lanka getting the first tranche of a US dollar 362 million loan from the IMF, the island nation is facing a liquidity crunch as the loan conditions stipulate no more printing of Sri Lankan currency to curb the inflation and for…
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On Monday, India became the first country to hand-over its letter of support for financing and debt restructuring of Sri Lanka to the International Monetary Fund in a sign of its continued support for the island nation’s economic recovery.…
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Sri Lanka’s ousted president Gotabaya Rajapaksa has applied for restoration of his US citizenship after he failed to get asylum in any country, a report claimed. Gotabaya Rajapaksa fled Sri Lanka in July last year and then returned after…
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Sri Lanka’s Parliament approved a budget Thursday that includes reforms aimed at improving the country’s finances as it attempts to recover from its worst economic crisis. The 5.82 trillion rupee ($15 billion) budget includes a 43 billion…
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Putting equal onus on rich global north and developing global south, the Paris Club creditor nations are proposing a 10-year moratorium on Sri Lankan debt and another 15 years of debt restructuring as a formula to resolve the current…
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India and China will have a crucial role in the success of Sri Lanka’s efforts to convene a meeting of creditors to restructure their debt in order to cope with an unprecedented economic crisis, people familiar with the matter said. Sri…
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A Sri Lankan court issued a summons on Friday ordering an ex-president to appear in a case alleging he failed to prevent suicide bomb attacks in 2019 that killed nearly 270 people. The court ordered ex-President Maithripala Sirisena to…
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After leaving Hambantota Port on August 22, the Chinese satellite and ballistic missile tracking ship Yuan Wang 5 is currently mapping ocean bed 400 nautical miles (741 kilometers) south-southeast of Dondra Head, the southernmost tip of Sri…
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Travel industry players in Sri Lanka are hoping to attract more tourists from Saudi Arabia as the island nation grapples with an ongoing crisis in its tourism economy. Tourism has long been a key source of capital for Sri Lanka. In 2018…
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