Some of Sri Lanka’s official creditors are advocating for a debt restructuring agreement that excludes China, Bloomberg reported on Thursday (28.) This move, if successful, could have implications for how wealthier nations handle financial stress in developing economies. The proposal involves major creditors, including the US, Japan, and India, signing a memorandum of understanding with [...
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Sri Lanka has been facing a severe economic crisis since the beginning of 2021 and was trying to cushion the effect of the financial instability by seeking help from almost all friendly countries. Sri Lanka sought the intervention of the good offices of the political hierarchy of Bangladesh and Pakistan, apart from India, for much-needed […]
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“…countries that won a war but ‘lost the peace’: gratuitously wasting the opportunities afforded them by their victory” Tony Judt (Reappraisals) By Tisaranee Gunasekara Creating incredible illusions to conceal insupportable realities is the Rajapaksa way. In this dystopian world, zero equals 8,000+; when prices go up, inflation comes down and people just love political deprivation ...
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Aug 01, Colombo: The A Singapore-based international arbitrator has dismissed a Citi Bank claim against Sri Lanka's state-owned Ceylon Petroleum Corporation (CPC) on the payment of soured hedging deal, Reuters report said citing anonymous sources .
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