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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 […]
Says guidance rate has reduced volatility
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Money printing creates forex and fuel shortages
Central bank has run out of reserves and is guidance rate
My Business International (www.mybusinessinternational.com), a comprehensive web portal that provides a much-needed platform for businesses in Sri Lanka to connect with foreign markets has officially been unveiled recently. It’s a time apt solution as Sri Lanka is facing an unprecedented economic crisis with a shortage of US Dollars causing great hardships across the country. As […]
The Government is targeting US $5bn this year for repayments, plus a further US $1bn to bolster the country’s reserves, Prime Minister Ranil Wickremesinghe said today. The Prime Minister, during a meeting today with representatives from the Joint Chambers, elaborated that discussions with the IMF are proceeding and he was hopeful that negotiations would conclude […]
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France has gifted Sri Lanka anesthetics and respiratory medications worth 300,000 Euros
They brought the proposal (in 2020) that Financial Advisors have to be appointed to make debt sustainable.
Lack of jet fuel in Colombo forces SriLankan, other airlines to refuel in other airports
“What the international community is looking for is long-term policy credibility and sustainability."
Normal and expected levels in the Port of Colombo, despite the economic and political crisis
The United Nations (UN) has assured assistance to Sri Lanka in addressing the current economic challenges. Foreign Minister Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy to discuss multiple impacts arising out of the current economic situation in the country such as supply of essential items, concerns regarding food […]
Experts say, “The lack of cooperation by Beijing would complicate the debt recovery journey of Sri Lanka”. The magnitude of the economic crisis that Sri Lanka is facing has reached catastrophic proportions. The whole world is astounded by the rampant mismanagement beyond the comprehension of anybody. Once an economic model of Asia, is now reeling […]
Cabraal kept the exchange rate artificially steady while spending reserves for foreign debt repayment.
Cabraal has been prevented leaving the country from April 7
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In the next few weeks we will face the most difficult time
"I also wish to inform you that we will extend our support as a responsible opposition to correct decisions."
"Every day that passes, the future of this country is put at greater risk."
“After I speak to [friendly nations], there will be help coming from there. They won’t allow people to starve.”
The United Kingdom has issued a travel advisory on Sri Lanka warning against all but essential travel to Sri Lanka. The UK Foreign, Commonwealth and Development Office (FCDO) said that it advises against all but essential travel to Sri Lanka, due to ongoing political and economic instability. This advice does not apply to airside transit […]
Lack of parliament majority could drag the new prime minister's economic recovery plans
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