debt crisis

May 12, 2022
May 12, 2022

Five-time Sri Lankan PM Ranil Wickremesinghe to be reappointed, says party official

Five-time former Sri Lankan Prime Minister Ranil Wickremesinghe will be reappointed on Thursday in an effort to bring stability to the island nation, engulfed in a political and economic crisis, a party official said.

May 11, 2022
May 11, 2022

Bangladesh not in any Chinese debt trap, Ambassador reiterates

Chinese Ambassador to Bangladesh Li Jiming today (May 11, 2022) reiterated that Bangladesh is not in any Chinese debt trap.

May 11, 2022
May 11, 2022

Curfew in Sri Lanka: Shoot-on-sight ordered

Sri Lanka’s defence ministry yesterday ordered troops to shoot on sight people involved in looting or damaging property, a day after mobs targeted the homes of ruling-party politicians.

May 3, 2022
May 3, 2022

India says provided over $3 bn to Sri Lanka in 2022 as economic assistance

India today said its economic assistance to Sri Lanka, facing its worst economic crisis since independence in 1948, stands at more than USD three billion this year, so far, and is instrumental in addressing diverse needs of the government and people of Sri Lanka.

April 24, 2022
April 24, 2022

IMF says talks on Sri Lanka's loan request 'fruitful'; World Bank preparing aid package

The International Monetary Fund said on Saturday it held "fruitful technical discussions" with Sri Lanka on its loan request, while the World Bank said it was preparing an emergency aid package for the crisis-stricken country.

July 9, 2015
July 9, 2015

IMF lowers 2015 global growth forecast to 3.3pc

The International Monetary Fund lowers its 2015 global economic growth forecast warning of the risk of "financial stress" in Europe from the Greek debt crisis.