Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...

Several major water and energy projects are going to be inaugurated by the presidents of Iran and Sri Lanka in the near future, Iranian media reported.The post Iranian President to inaugurate ‘Uma Oya’ project during Sri Lanka visit appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]

[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.

By Easwaran Rutnam Iran’s President Ebrahim Raisi is to visit Sri Lanka in May and launch several water projects, amidst rising tensions in the Middle East. According to the Tehran Times, Ebrahim Raisi will launch the Uma Oya Multipurpose project which includes two dams namely Dyraaba and Puhulpola and also 25 kilometers of water transmission […]