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By N Sathiya Moorthy First, Team Ranil had claimed that the incumbent would be a ‘national candidate’ in the presidential polls due by mid-October. Since then, President Ranil Wickremesinghe himself has declared that the polls will decide the country’s success or failure. According to him, if the people are satisfied with his government’s policies and programmes […]
by Amal JAYASINGHE (AFP) When Sri Lanka’s economy crashed in 2022, people sought work abroad wherever they could find it — including ex-soldiers who joined forces fighting in Ukraine after Russia’s invasion. Now the veterans — some of whom swapped their life savings for what they thought would be lucrative, non-combat jobs — are desperate […]
Washington (District of Columbia, United States) The International Monetary Fund released $336 million as part of a bailout loan instalment for Sri Lanka despite delays in the crucial restructuring of its foreign debt, including to China, the Washington-based lender said Wednesday. The South Asian nation was starting to recover, but the economy was “still vulnerable and the path […]
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[…]The post Is President Wickremesinghe Following In The Footsteps Of His Uncle, President Jayewardene, In 1982? appeared first on Colombo Telegraph.
[…]The post President Ranil Wickremesinghe Rescued & Stable Economy In Sri Lanka – An Inquiry appeared first on Colombo Telegraph.
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By Easwaran Rutnam President Ranil Wickremesinghe blamed Opposition Leader Sajith Premadasa for the crisis in the country saying things could have been different if he accepted the Prime Minister post in April 2022. The President expressed these views after delivering a statement in Parliament, Thursday. Wickremesinghe said that in 2022 he willingly embraced the task […]
Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022
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The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
By N Sathiya Moorthy It is inevitable that in the heat of an electoral battle, neighbours get mentioned, if not hurt. It is election time in India, to be followed by one or two in Sri Lanka – for the presidency and Parliament, though which would come first is known only to Mr God and President […]
China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring deal.The post China reaffirms financial support for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The bodies of two people have been recovered from a red pickup truck, which was under water where the Baltimore bridge collapsed. Eight construction workers were on the bridge when a ship struck it, plunging them into the waters below. Two of the workers were rescued on the day, but the search continues for the […]
At least five Sri Lankans have reportedly been killed so far while fighting in the Ukraine-Russia war, according to Al Jazeera. In the latest incident, Nipuna Silva, a Sri Lankan soldier who quit his army position to fight for Russia in Ukraine due to better pay, is believed to have been killed on the front line.The post Sri Lankan soldier Nipuna Silva among latest victims in Ukraine-Russia confli...
By Shamindra Ferdinando By the time President Gotabaya Rajapaksa had arrived in Singapore in the second week of July 2022, a few days after fleeing Sri Lanka, he firmly believed that then Prime Minister Ranil Wickremesinghe was the only person capable of restoring the rule of law in the country. In the chapter titled ‘The […]
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Peter Breuer, Chief of IMF Mission to Sri Lanka has claimed that the Sri Lankan economy is showing signs of progress. The monetary and fiscal measures like tax increases and particularly the debt moratorium may have resulted in giving some breathing space for the country to recover from the period of extreme hardship caused by […]
Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government had “maintained” economic stability. The IMF’s communications chief, Julie Kozack, said the […]
Across South Asia, an ominous great game is unfolding. China is battling for regional influence, with smaller buffer states caught in the middle as pawns. Far from peaceful rise, China’s tactics reveal a belligerent dragon pulling neighbors ever tighter into its orbit through debt-trap diplomacy, data colonialism and brazen political interference – a 21st century […]
Sri Lanka is back in the geopolitical spotlight ahead of elections slated for later this year, and former President Maithripala Sirisena says Washington should be paying attention. Outside powers — specifically China — are exerting influence amid what Mr. Sirisena says is a moment of “great instability” for his country, a teardrop-shaped island just off […]
[…]The post From Biden To Trump, Mahinda To Ranil! Have We Run Out Of Choices? appeared first on Colombo Telegraph.