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"I'm sad that people I trained don't know how to gain power. Did I fail in that?"
The Chinese loans to Africa tend to decline during periods of crisis, and the loan commitment fell in 2020 due to the COVID-19 pandemic, according to European Times. The total number of projects under Chinas Belt and Road Initiative (BRI) has fallen to a record low of USD 1.9 billion in 2020
Phase 01 to go live on June 21
Sri Lanka is to discuss debt restructuring with China, Prime Minister Ranil Wickremesinghe said today. Prime Minister Wickremesinghe held discussions with the Deputy Ambassador of China, Hu Wei, today. During the discussions the Prime Minister re-iterated Sri Lanka’s adherence to the “One China Policy”. He also stated that Sri Lanka was looking forward to discussing […]
Video: SJB & JVP boycott Parliament as economic crisis worsens
Video: U.S. announces additional $5.75 Mn in response to Sri Lanka’s economic crisis (English)
The convertible debentures will accrue interest at a rate of 3% per annum.
Stock index rebound from near 8-week low.
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
Parliament is to convene for only 2 days this week owing to the fuel crisis, the Committee on Parliamentary Business decided today. The Committee on Parliamentary Business met today under the chairmanship of Speaker Mahinda Yapa Abeywardena. Meanwhile, due to the opposition’s announcement
“Parliament is in session for three days this week. Why did he pick today to boycott it?"
Minister strongly denies claims of acute drug shortage.
“We have included everything that can be passed without a referendum,” he said.
"Sri Lanka was looking forward to discussing the debt restructuring with China (sic)," the statement said.
The government of the United States has announced the third tranche of new funding today to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka.
Rs48billion injected outright
[…]The post Sri Lanka On The Cusp Of Implosion! White Vans Have Become ‘Black Marias’ appeared first on Colombo Telegraph.
The U.S. government has today (June 21) announced new funding totalling $5.75 million to address the immediate needs of people hit by the economic crisis in Sri Lanka.The post U.S. provides another...Click on the headline to read the full story
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.
The US Government announced a third tranche of new funding today totalling $5.75 million to address the immediate needs of people hardest hit by the economic crisis in Sri Lanka. This humanitarian assistance, totalling $5.75 million, will provide cash assistance, short-term jobs, and agriculture
crisis in the country. “We will […]
Samagi Jana Balawegaya will boycott the parliamentary sessions this week as the topics taken up for discussion are non-relevant to the current economic crisis, Opposition Leader Sajith Premadasa says.
"We will boycott this parliament," thundered Premadasa.
The two Ministers recommitted their resolve to continue working together to thwart people smugglers
[…]The post What The President Can Do Before He Goes appeared first on Colombo Telegraph.
Sri Lanka is now printing money to pay state worker salaries, despite forex shortages
[…]The post A Four Day Working Week For Public Servants – A Comment appeared first on Colombo Telegraph.
Video: Australia to assist Sri Lanka to overcome economic crisis within framework of IMF (English)
Video: Fuel Crisis affecting Public Transport - Will commuters be left stranded?