Sri Lanka economic crisis
World Bank releases $250 mn to boost Sri Lanka reforms
The World Bank Wednesday released $250 million to support bankrupt Sri Lanka's tough economic reforms
Sri Lanka repays entire Bangladeshi loan
Sri Lanka has paid $50 million to Bangladesh, the final instalment of a $200 million loan taken under a currency swap agreement two years ago, a top Bangladesh Bank official said yesterday.
Sri Lanka returns $50m of $200m loan
The second instalment may come by Aug 30
Bangladesh has learnt a lot from Sri Lanka’s woes
Sri Lanka is generally known for its quality education, healthcare, natural beauty and even migration policies and practices. But in recent times, the island nation has made the headlines for all the wrong reasons.
Pakistan not far from a “Sri Lanka moment”: Imran Khan
Imran Khan, former prime minister and head of Pakistan Tehreek-e-Insaf (PTI), warned on Saturday that the South Asian country is on the verge of a “Sri Lanka moment” in which the populace will take to the streets against the “mafia” headed by Asif Zardari and the Sharif family.
Will peace return to Sri Lanka?
Uncertainties remain even after the election of new president
"Took all possible steps to avert economic crisis", Gotabaya Rajapaksa says
Sri Lanka’s ousted president Gotabaya Rajapaksa, who fled overseas this week to escape a popular uprising against his government, has said he took "all possible steps" to avert the economic crisis that has engulfed the island nation.
Debt crisis: Which countries are at risk of defaulting?
Traditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in trouble.
Despair grips Sri Lankans as they queue at pumps for days with no promise of petrol
Out of gas and stuck in line for days, a group of motorists kick off their shoes and settle on a sidewalk in Sri Lanka's capital for a round of cards.
Could Bangladesh be the next Sri Lanka?
Public demonstrations, political protests calling for the government to resign, and long queues at gas stations and grocery stores have been a regular feature in Sri Lanka for the last few weeks.
Sri Lankan President Gotabaya Rajapaksa declares state of emergency
Sri Lankan President Gotabaya Rajapaksa declared a state of emergency on Friday following a day of anti-government strikes and protests over the country's deep economic crisis that saw police use tear gas on two occasions.
Sri Lanka crisis: Mahinda Rajapaksa to be replaced as PM, new cabinet soon
Sri Lanka’s president has agreed to replace his older brother as prime minister in a proposed interim government to solve a political impasse caused by the country’s worst economic crisis in decades, a prominent lawmaker said Friday.
World Bank to provide Sri Lanka $600 million aid
The World Bank has agreed to provide Sri Lanka with $600 million in financial assistance to help meet payment requirements for essential imports, the Sri Lankan president's media division said in a statement on Tuesday.
India to up aid to Sri Lanka by $2 billion more: Report
With financial crisis-ridden Sri Lanka having announced a temporary suspension of its debt payment, India is reportedly willing to step in and provide financial assistance of another two billion dollars to the nation.
Bangladesh's $200m loan to Sri Lanka hangs in balance
When Bangladesh agreed to provide $250 million to Sri Lanka last year, little did it think that it would become a side character in the horror show that is unfolding in the island nation.
Bangladesh has never been a loan defaulter: PM rules out Sri Lanka-like crisis
Prime Minister Sheikh Hasina in the parliament today ruled out the possibility of a Sri Lanka-like economic crisis in Bangladesh, stating that the country’s economy is “very strong”.
