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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 […]
(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 […]
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...
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Countries already under pressure from the economic fall-out of the COVID-19 pandemic, risk seeing the same economic turmoil and human misery as Sri Lanka, the UN said. “We’re witnessing a tragic series of events that are unfolding in Sri Lanka right now that should be a warning to anyone who thinks that, you know, it […]
India’s External Affairs Minister S. Jaishankar says India is helping Sri Lanka cope with the economic crisis. Jaishankar said that India is paying a lot of attention to South Asia and the neighbouring countries are looking up to it to take lead in the integration of the region. Addressing an event in Delhi, the Minister […]
Says economy could contract 7-pct in 2022
Sri Lanka’s total debt burden increased to Rs 21.6 trillion by March 2022, Prime Minister Ranil Wickremesinghe told Parliament today. He said that Sri Lanka needs to pay $3.4 billion between June and December this year, $5.8 billion in 2023, $4.9 billion in 2024, $6.2 billion in 2025, $4.0 billion in 2026 and $4.3 billion […]
Exports to Russia and Turkey too have dropped steeply
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Indian Prime Minister Narendra Modi discussed the crisis in Sri Lanka at the G-7 summit in Germany. Modi was quoted as saying that India is helping Sri Lanka to ensure food security. “We have dispatched about 35,000 tonnes of wheat as humanitarian aid to Afghanistan in the last few months. And even after the heavy […]
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"There is a war in Ukraine today after the IMF intervened there."
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 […]
"Are we trying to get out of this crisis by being caught in a western trap?" he demanded.
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Blames Russia and Ukraine
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[…]The post Why Should The United States Care About Sri Lanka’s Predicament? appeared first on Colombo Telegraph.
The United Nations (UN) has urged Sri Lanka to advance reconciliation and justice for all communities. The UN High Commissioner for Human Rights, Michelle Bachelet told the UN Human Rights Council at its 50th Session today that the Sri Lanka Government must ensure immediate relief for the most marginalized and vulnerable groups and prioritise social […]
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 […]
Rupee has collapsed and fallen over 70 percent since central bank allowed flexible fox rate
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 […]
“I invite anyone from the Aragalaya to take my place,” he said.
The South Asian region is deeply divided in response to Russia’s invasion of Ukraine