Sri Lanka debt

With Beijing extending debt restructuring assurances, the last obstacle in the way of Sri Lanka securing the bailout deal has been removed.

Beijing is resisting cuts to Sri Lanka's debts for fear other borrowers will want similar relief.

Government doctors, university teachers, and other workers from ports and the power and petroleum sectors are calling on the government to lower income taxes.

Sri Lanka is nearly bankrupt and has suspended repaying its $51 billion foreign debt, of which it must repay $28 billion by 2027.

The package is contingent on assurances from creditors, including China, India and Japan that debt sustainability will be restored.

How did Sri Lanka’s economic crisis get so bad – and how can the country move forward from here?

A conversation with economist Ganeshan Wignaraja.

Implementing the IMF’s recommendations will be a daunting task for the Rajapaksa government as it will be resisted by the masses, opposition parties, and trade unions.

Sri Lankans for the past months have been enduring shortages of fuel, food, and other essentials and daily power outages.

Can China and India help Sri Lanka to avoid a sovereign default?

The dire foreign exchange crisis has worsened with the crisis in eastern Europe. Russia and Ukraine are important markets for Sri Lankan tea and tourism.