Sri Lanka is among the top 10 countries with the highest food price inflation. The latest World Bank assessment places Sri Lanka at number 5 among countries hardest hit by food price inflation. Lebanon is leading the list followed by Zimbabwe, Venezuela and Turkey. Iran, Argentina, Suriname, Ethiopia, and Moldova and behind Sri Lanka. The […]
- Sri Lanka records slight drop in inflation (Category: Breaking News)
- Sri Lanka’s July consumer inflation more than halves to 4.6% (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Emergency relief packages for children, mothers in Sri Lanka (Category: Breaking News)
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Bangladesh has warned developing countries not to become like Sri Lanka by taking loans from China. Bangladesh’s Finance Minister AHM Mustafa Kamal has warned that developing countries must think twice about taking more loans through China’s Belt and Road Initiative as global (BRI) inflation and slowing growth add to the strains on indebted emerging markets, […]
- Japan puts preconditions to support Sri Lanka’s debt issue (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
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After the collapse of the Sri Lankan economy, attention has turned to the state of affairs in other South Asian countries such as Pakistan, Bhutan and Bangladesh. All three countries have either curtailed imports or are planning to do so, to salvage their fast-depleting foreign exchange reserves and avoid a Lanka-like forex crisis. While the […]
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
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- IMF agrees $4.5 billion Bangladesh support programme (Category: Breaking News)
- Emerging Donor (Category: Business)
by Chandre Dharmawardana, chandre.dharma@yahoo.ca. The forex crisis had forced the government to jettison its initial set of economic managers of the Central bank who looked for home-grown solutions and opposed dealing with the International Monetary Fund (IMF). The President re-instated a set of managers whose ideas were more orthodox and aligned with the neo-liberal bankers […]
- IMF chief pleased SL reached staff-level deal for $2.9 billion (Category: Breaking News)
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Calls for unity in a country torn apart by nationalism and monetary instability
- Selected imports to be restricted to balance payments for fuel (Category: Breaking News)
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By Kalinga Tudor Silva One of the important ways, the current economic crisis in Sri Lanka has directly impacted our lives is having to go through long and seeming unending queues, to access petrol, diesel, kerosene and even our dear passports. Queues have multiplied, sprung up on either side of the road and across the […]
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