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The Asian Development Bank (ADB) says Sri Lanka’s growth is forecast to contract by 7.6% in 2022 and economic activity will remain subdued in 2023.In its latest Asian Development Outlook Supplement, the ADB said the island nation is beset with multifaceted and deepening challenges emanating from long-standing fiscal and current account deficits that have led to […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- ADB approves $350 mn for Sri Lanka Economic Stabilization Programme (Category: Breaking News)
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- ADB approves $200mn to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
For the majority of the troubled economies of the global South, it will be a case of narrowing foreign policy options. For many of these countries, the IMF is ‘the banker of last resort’ and this generally means that they would need to be ‘in the good books’ of the chief financiers of the IMF; […]
- Relevance of Non-alignment or ‘dynamic neutrality’ to SL’s foreign policy (Category: Breaking News)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Lanka past worst of its crisis but behind in growth -WB (Category: Breaking News)
- Sri Lanka’s crisis and the dilemmas of small states (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president. Speaking with Nikkei Asia in Tokyo, Georgieva said the fund was “very deeply concerned about the well-being of the people in […]
- IMF Chief says Sri Lanka a warning sign to world (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
- IMF seeks to expand donor coordination to countries like Sri Lanka (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
The International Monetary Fund hopes to complete rescue talks with Sri Lanka "as quickly as possible," Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.The post IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ appeared first on ONLANKA News - Sri Lanka News - Latest News in Sri Lanka - Br...
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks as quickly as possible (Category: Breaking News)
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’ (Category: Breaking News)
Sri Lanka’s Acting President Ranil Wickremesinghe says that the issues which prevail in Sri Lanka with regard to hunger, are man made.The post The food crisis in Sri Lanka is man made, Acting President Ranil tells Global Forum appeared first on ONLANKA News - Sri Lanka News - Latest News Sri Lanka - Breaking News from Sri Lanka.
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- Special statement by Sri Lanka’s Acting President Ranil Wickremesinghe (Category: Breaking News)
- Nominations presented to elect Sri Lanka’s new President – Ranil, Anura, Dullas to contest for p... (Category: Breaking News)
- Easter Attacks: Sri Lanka to seek assistance of UK Government & intelligence over Easter Sunday ... (Category: Breaking News)
IMF chief Kristalina Georgieva on Saturday warned officials from the Group of 20 major economies to take urgent action to combat inflation, warning that the “exceptionally uncertain” global economic outlook could turn worse if higher prices persisted.The post Sri Lanka a ‘warning sign’ for countries with high debt levels and limited policy space – IMF appeared first on ONLANKA Ne...
- Sri Lanka is a warning sign : IMF Chief (Category: Breaking News)
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- IMF calls for ‘timely and orderly processes’ of debt resolution for Sri Lanka (Category: Breaking News)
- IMF flags debt restructuring hurdles, says banning crypto should be an option (Category: Breaking News)
By Michael Rowand As Sri Lankan protesters stormed the presidential residence in Colombo, the Chinese Embassy released no statements and did not tweet. The Chinese Ministry of Foreign Affairs offered no comment until Monday afternoon, well behind others such as India, the European Union, and the United States. The French Embassy even retweeted a tweet […]
- Chinese role in the Sri Lankan crisis (Category: Breaking News)
- China a mute spectator as Sri Lanka’s political upheaval poses long-term implications for Beijing (Category: Breaking News)
- Unelected Team At The BRI Forum: Speaking From Both Sides Of Mouth (Category: Breaking News)
- Sri Lanka should prevent Chinese vessel from reaching Hambantota port (Category: Breaking News)
It is important to anticipate legal trends, anticipate consumer trends
- Rights Report (Category: Business)
- Sri Lanka hotels, software firms with German partners to face human rights law (Category: Breaking News)
- Sri Lanka smaller exporters at higher risk from German human rights supply chain law (Category: Breaking News)
- Sri Lanka off Indonesia’s immigration red list (Category: Breaking News)
UN Secretary General António Guterres today called for dialogue to “ensure a smooth transition of Government and solutions to the country’s deep economic crisis. President Gotabaya Rajapaksa has yet to comment publicly on the occupation of his residence, along with that of Prime Minister Ranil Wickremesinghe, but the Prime Minister’s office reportedly said it had […]
- UN calls for dialogue in Sri Lanka to resolve crisis (Category: Breaking News)
- EU demands concrete actions from Sri Lanka (Category: Breaking News)
- Human rights chief calls for restraint in Sri Lanka (Category: Breaking News)
- Over USD 6 million to be busted on Sri Lanka resolution (Category: Breaking News)
(Vatican News) Pope Francis on Sunday implored the authorities of Sri Lanka to listen to the cries of their people, suffering under the country’s worst economic crisis in 70 years. “I join in the grief of the people of Sri Lanka, who continue to suffer the effects of political and economic instability,” the pope said […]
- Cardinals and bishops see funeral as befitting Benedict XVI’s personality (Category: Breaking News)
- Aid should come with clear-cut conditions so as to preserve democracy – Cardinal Ranjith (Category: Breaking News)
- Papal trip to Bahrain to highlight importance of opening doors (Category: Breaking News)
- SJB asks President to hold early general election (Category: Breaking News)
ECONOMYNEXT –Sri Lanka should stop money printing earlier than indicated in a statement by Prime Minister Ranil Wickremesinghe, opposition legislator Harsha de Silva said, though legislators have already given extensive powers to the agency engage in liquidity injections. “Prime Minister Ranil Wickremesinghe talked about money printing,” de Silva told parliament. “He said, the in...
- Sri Lanka has to stop money printing now, not in 2024: Harsha (Category: Breaking News)
- Sri Lanka to end import bans on cosmetics, motor spares: Minister (Category: Breaking News)
- Sri Lanka to enact new central bank law amid fears of flexible policy (Category: Breaking News)
- Lankan workers in Middle East sending money, while more educated do not: Minister (Category: Breaking News)
[…]The post War On China? – V: A “Carnival” Of Quads appeared first on Colombo Telegraph.
- War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project (Category: Breaking News)
- War On China? – II: US Military-Industrial Complex & The War Without End (Category: Breaking News)
- War On China? – III: Pivot To East (Category: Breaking News)
- War On China? – IV: Rules-Based International Order: Normalising Global State Terrorism (Category: Breaking News)
[…]The post Is Catastrophic Collapse Imminent? appeared first on Colombo Telegraph.
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Looking At The Problem Of The Point Of View Of The State (Category: Breaking News)
- We Are On Course To A Dual Currency Regimen (Category: Breaking News)
- Who Cares About The People? (Category: Breaking News)
[…]The post Bailing Out The ‘Gota’ Led Regime; A Wasted Exercise! appeared first on Colombo Telegraph.
- Beyond Ousting The Shamed ‘Suhartos’ Of Sri Lanka! (Category: Breaking News)
- People’s Power Under Siege Within Sri Lanka’s ‘Demo-Crazy’! (Category: Breaking News)
- Can Sri Lanka Come Out Of Its ‘Deer In The Headlights’ Mindset? (Category: Breaking News)
- IMF Facility? Is It Sufficient To Deliver Prosperity To Sri Lankans? (Category: Breaking News)
[…]The post Why I Don’t Support The Aragalaya appeared first on Colombo Telegraph.
- The Aragalaya & Morality (Category: Breaking News)
- Whither Lanka? (Category: Breaking News)
- Futility Of Transforming A Nation Built Over A Political Cesspit (Category: Breaking News)
- Unarmed but not peaceful (Category: Breaking News)
"There is a war in Ukraine today after the IMF intervened there."
- Sri Lanka must not overlook Russia in favour of IMF, says MP Weerawansa (Category: Breaking News)
- US pursuing ‘plan B’ with Prez, after Speaker turned down its offer (Category: Breaking News)
- Cannot support Sri Lanka’s IMF-bound “caretaker” president: MP Vasudeva N (Category: Breaking News)
- Sri Lanka’s “independent” parties to launch grand coalition on September 04 (Category: Breaking News)
Sri Lanka has sought the assistance of the European Union in the economic recovery process. As part of the ongoing engagement with 94 concurrently accredited Diplomatic Missions to Sri Lanka from New Delhi, High Commissioner of Sri Lanka to India Milinda Moragoda hosted a group of European Heads of Mission on 21 June 2022 and […]
- Sri Lanka seeks fuel from India on an urgent basis (Category: Breaking News)
- Sri Lanka seeks to engage with G20 during India’s presidency (Category: Breaking News)
- Tamil Nadu Chief Minister M.K. Stalin invited to visit Sri Lanka (Category: Breaking News)
- India and Sri Lanka discuss way forward in bilateral economic cooperation (Category: Breaking News)
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
- Russia-Lanka �Images of Friendship� (Category: Breaking News)
- Russia to supply oil to Lanka (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
- UK and Russia 'commend' investigations (Category: Breaking News)
[…]The post Sri Lankan Economy Heading Towards A Dangerous Phase appeared first on Colombo Telegraph.
- Lanka-Arab Relations (Category: Breaking News)
- The President, IMF & System Change (Category: Breaking News)
- What Next For Aragalaya? (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
[…]The post Lanka’s Quest For Stability appeared first on Colombo Telegraph.
- Sri Lanka: No Light Yet At The End Of The Tunnel (Category: Breaking News)
- Whose Saviour Is Ranil? And Who Is Being Clever – Ranil Or Gota? (Category: Breaking News)
- President RW’s Priority In 2023 (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
[…]The post Wizards Of Original Sin appeared first on Colombo Telegraph.
- Ranil Wickremesinghe: A Hired Premier (Category: Breaking News)
- Dangerous Game (Category: Breaking News)
- Qatari Charity Exposes President’s Anti-Terrorism Hoax (Category: Breaking News)
- Aragalaya, Political Buddhism & Ranilocracy (Category: Breaking News)
[…]The post War On China? – III: Pivot To East appeared first on Colombo Telegraph.
- War On China? – VI: India & The US: Forward Policy & The Brzezinskian Project (Category: Breaking News)
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- Sri Lanka’s Past Is Prologue For China (Category: Breaking News)
- War On China? – II: US Military-Industrial Complex & The War Without End (Category: Breaking News)
Sri Lanka may be compelled to buy more oil from Russia as the island nation hunts desperately for fuel amid an unprecedented economic crisis, the newly appointed Prime Minister said. Prime Minister Ranil Wickremesinghe said he would first look to other sources, but would be open to buying more crude from Moscow. Western nations largely […]
- Finland Prime Minister ousted, conservatives win tight vote (Category: Breaking News)
- Sri Lanka crisis raises alarm about further unrest in APAC region (Category: Breaking News)
- Japan to organize Sri Lanka creditors’ meeting over debt crisis (Category: Breaking News)
- Sri Lanka former leftist leader blames IMF for Russia’s invasion of Ukraine (Category: Breaking News)
China on Wednesday praised India for making “great efforts” to help Colombo to tide over its worst financial crisis even as it refuted Sri Lankan President Gotabaya Rajapaksa’s remarks that Beijing has shifted its strategic focus from South Asia including Pakistan to South East Asia, saying the region still remained its priority. Sri Lanka has […]
- China willing to help Sri Lanka deal with debt burden (Category: Breaking News)
- Sri Lanka virtually let down by China in securing a $2.9 billion IMF loan in December (Category: Breaking News)
- As Crisis-Hit Sri Lanka Counts Cost of Chinese Projects, India Moves to Recover Influence (Category: Breaking News)
- The IMF standoff and the China factor (Category: Breaking News)
“I invite anyone from the Aragalaya to take my place,” he said.
- Supreme Court ruled Gotabaya, Mahinda, Basil & others responsible for economic crisis in Sri Lanka (Category: Breaking News)
- Sri Lanka business magnate Dhammika Perera leaves director boards; speculation rife (Category: Breaking News)
- Strong Rajapaksa dynasty member refused to leave Sri Lanka (Category: Breaking News)
- A Janus Moment (Category: Breaking News)
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine
- Travel website ranks Sri Lanka as the best country in South Asia (Category: Breaking News)
- Sri Lanka abstains from voting on Ukraine resolution (Category: Breaking News)
- India bolsters military and economic ties with the US and Europe amidst China’s aggression in In... (Category: Breaking News)
- Sri Lanka, India abstain on UN resolution calling on Russia to make reparations to Ukraine (Category: Breaking News)
Prime Minister Ranil Wickremesinghe has warned that the next three weeks will be tough for Sri Lanka. Speaking in Parliament today, the Prime Minister said that the public must use fuel and gas as carefully as possible. He also said that unessential travel should be limited as much as possible. “Therefore, I urge all citizens […]
- PM warns Sri Lanka facing threat of hitting rock bottom (Category: Breaking News)
- An Exit Strategy From The Crisis: Agenda For Shared Revival Of Sri Lanka (Category: Breaking News)
- Government’s objective is to develop Sri Lanka as a thriving nation by 2048 (Category: Breaking News)
- Special Statement Delivered By President Ranil Wickremesinghe: Full Text (Category: Breaking News)
[…]The post Sri Lanka’s Economic, Political & Human Crisis appeared first on Colombo Telegraph.
- The Bleak Future For Sri Lanka : 75 Years After Independence (Category: Breaking News)
- Is President Wickremesinghe Following In The Footsteps Of His Uncle, President Jayewardene, In 1... (Category: Breaking News)
- Sri Lanka: Typical Propaganda By A Corrupt Nefarious Regime! (Category: Breaking News)
- Ranil Wickremesinghe’s Sixth (Mis)adventure: An Indisputable Reason For The ‘Aragalaya’ To Stay ... (Category: Breaking News)
[…]The post All-Weather And Fair-Weather Friends appeared first on Colombo Telegraph.
- What Sri Lanka Can Take Away From The US Elections (Category: Breaking News)
- USA Is Less Racist And Bigoted Than Sri Lanka (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
- Will Gota Mess Around With 13A? (Category: Breaking News)
China is closing in on India after establishing ports at Gwadar in Pakistan, Hambantota and Colombo in Sri Lanka and soon it will have access to the Indian Ocean from ports in Myanmar. In August 2021, China successfully trialled a cargo run from Myanmar’s Yangon Port all the way to China’s Yunnan Province. China has […]
- India watching stand Sri Lanka will take on Chinese ship (Category: Breaking News)
- India raises objection with Sri Lanka, Maldives over inbound Chinese survey vessel (Category: Breaking News)
- China’s dual-use surveillance ship in Sri Lankan port underscores distrust of Beijing’s tech adv... (Category: Breaking News)
- Amid rising tensions with US, China strengthening ties with Iran (Category: Breaking News)
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