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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.
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 […]
Investors are waiting for some positive news to enter market.
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
Analysts expect market to fall if protests build up in future after Friday's attack by the military
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 post Unelected & Unconstitutional MP Becoming The President? appeared first on Colombo Telegraph.
Some confidence returns to the market after President Gotabaya Rajapaksa resigned.
The Narendra Modi government has called for an all-party meeting on Tuesday evening to discuss the crucial issue of the Sri Lanka crisis.The post Indian government calls an all-party meet on Sri Lanka crisis appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
[…]The post Simple Criterion To Select Next President appeared first on Colombo Telegraph.
Sri Lanka is going through unprecedented economic, political crisis after policy failures
Market has been on the decline due to rising interest rates, political crisis
President Rajapaksa, Prime Minister Wickremesinghe to resign
Market expects stocks to fall due to rate hike.
[…]The post Jeered & Sent Home: Ominous Sign Of An Impending Peril appeared first on Colombo Telegraph.
Rate hike, fuel shortage, and looming political crisis weighed on investor sentiment
Some analysts said the market was expecting a 300 basis point rate hike on Thursday
Sri Lanka is desperate for foreign currency earnings through tourism
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