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The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka s debt default, but many challenges remain as the country seeks financing support from the IMF and debt restructuring from private and official bilateral creditors, says Fitch Ratings.
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the Washington-based fund.The post IMF says Sri Lanka needs to talk with China about debt restructuring appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Lanka’s economic and political crisis appeared first on ONLANKA News :. Sri Lanka Breaking News...
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund. “China is a big creditor, and Sri Lanka has to engage proactively with it on a debt restructuring,” Krishna Srinivasan, director of the […]
The US Ambassador to Sri Lanka, Julie Chung, met with President Ranil Wickremesinghe today and discussed the crisis in the country. The Ambassador tweeted saying that the meeting took place at the Presidential Secretariat today. Julie Chung said that the new President takes office at a time when Sri Lanka stands at a crossroads. “We […]
Net foreign inflows hit its highest since March 30.
Ambassador of the United States to Sri Lanka, Julie Chung says she met with President Ranil Wickremesinghe today (July 27) to discuss how the island nation arrived at this point of economic and political crisis.
Investors are waiting for some positive news to enter market.
[…]The post July 1983 Pogrom: The Black Week That Devastatingly Impacted Sri Lanka Forever appeared first on Colombo Telegraph.
The government defaulted an interest payment of 78 million US dollar of a sovereign bond on May 19
Market sees fall after military attacked protesters last week
Canadian Prime Minister, Justin Trudeau, commemorated the 39th anniversary of Black July, when hundreds of Tamils in Sri Lanka were killed and their homes were destroyed. Full statement: “Today, we remember those who lost their lives or were displaced during the horrific and violent events of Black July. “In July 1983, anti-Tamil pogroms erupted in […]
ECONOMYNEXT –Sri Lanka’s share edged up in mid-day on July 22, brokers said as the market is waiting for key developments in the government after the appointment of the new president.The main All Share Price Index was 0.14 percent or 10.93 points stronger to 7,747.30 at 1145 hours.The new President Ranil Wickremesinghe appointed his classmate […]
The UN Office of the High Commissioner for Human Rights (OHCHR) says the predawn military raid at the Galle Face Green protest site on Friday (July 22) sends a “chilling message” to peaceful protesters.The post OHCHR urges Sri Lankan President Ranil Wickremesinghe to address impunity to bring genuine reforms appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Sri Lanka Latest News.
Eelam People’s Democratic Party (EPDP) leader Douglas Devananda yesterday said that President Ranil Wickremesinghe has the ability to guide Sri Lanka through this tumultuous time. “Sri Lanka is facing the worst economic and political crisis since independence and Wickremesinghe
Analysts expect market to fall if protests build up in future after Friday's attack by the military
Jinping believes that Sri Lanka will be able to overcome temporary difficulties under Wickremesinghe
Gunawardena is the third prime minister of Sri Lanka since May 9 amid political crisis.
by Reemus Fernando Royal captained by Gishan Balasooriya and S. Thomas’ skippered by Sri Lanka Under 19 cap Ryan Fernando will meet in the 143rd Battle of the Blues Big Match starting at the SSC today. The rich cricket tradition at the two schools will allow the First XI teams to engage in cricket […]
He lost the election, but became the president using the bonus seat.
The country is in the process of electing an interim President
Sri Lanka's parliament will choose between three candidates for president on Wednesday, hoping the new leader will be able to pull the island out of its worst economic and political crisis since independence in 1948.The post Sri Lanka could tip back to chaos if six-time Prime Minister voted
Market hopes an all-party government under new president could ease political crisis.
As the Sri Lankan political crisis continues to rage, China has not made any comments and this has made it evident that the ouster of the Rajapaksa family from power is set to have long-term implications for the Chinese, media reports said. In more than half a century for which the Rajapaksas held
The turmoil in Sri Lanka is the latest warning to Chinese investors about political risk in emerging markets, analysts have warned. Chinese companies operating overseas need to prepare crisis management plans in case of social unrest and political turmoil in these developing countries, according to Chris Torrens, a partner at the consultancy Control Risks. “Sri Lanka is […]
The subject of Chinese involvement in Sri Lanka has been discussed several times and my letter in your issue of 12 March 2019 under the caption, ‘Is China Gaining Dominance Over Asian Region?’ showed how Sri Lanka had been trapped. China’s modus operandi is to fund unproductive projects unlike other funding agencies which do independent […]
The agreement comes amid speculations over Premadasa's withdrawal from July 20 presidential vote.
[…]The post Unelected & Unconstitutional MP Becoming The President? appeared first on Colombo Telegraph.