Tag
Sri Lanka economic crisis
Sri Lankan President Visits India, Highlights Close Relations
By Rajeswari Pillai Rajagopalan
Last year’s economic crisis crippled the island nation, but it also provided India an opening to offset some of the inroads that China has made in Sri Lanka.
India’s Foreign Policy Progress in Sri Lanka is a Strategic Setback for China
By Mark S. Cogan
Since an economic crisis hit the country last year, New Delhi has reminded Colombo who its real friends are.
1 Year Later, Sri Lanka’s Struggle Continues
By Tasnim Nazeer
On the first anniversary of the people’s uprising, the spirit of dissent among Sri Lankan citizens remains strong.
China’s Sinopec to Enter Retail Fuel Market in Crisis-hit Sri Lanka
By Bharatha Mallawarachi
The 25-year contract with the petroleum giant is expected to ease the fuel shortage in the country.
What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka?
By Michael Iveson
The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka.
IMF to Assess Sri Lankan Governance as Part of $3 Billion Bailout
By Krishan Francis
The country has the dubious distinction of being the first Asian country to face scrutiny for corruption as part of a bailout program.
In Sri Lanka, Opposition Parties Allege a Secret CIA Visit
By Uditha Devapriya
Sri Lanka hosted two high-level delegations from the U.S. in February – including one that opposition parties say was cover for a secret mission by the head of the CIA.
Sri Lanka Leader Says IMF Deal Imminent After China’s Pledge
By Krishan Francis
With Beijing extending debt restructuring assurances, the last obstacle in the way of Sri Lanka securing the bailout deal has been removed.
China Expresses Support for Sri Lanka Ahead of Debt Meeting
By Joe McDonald and Bharatha Mallawarachi
Beijing is resisting cuts to Sri Lanka's debts for fear other borrowers will want similar relief.
Sri Lankan Leader Appeals for Patience Amid Economic Crisis
By Krishan Francis
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’s Steep Climb Out of the Economic Abyss
By Luke Hunt
Colombo is still waiting on Beijing’s approval for debt restructuring.
In Defense of Sri Lanka’s Defense Budget
By Rathindra Kuruwita
Reducing allocation for defense will require retrenching soldiers. Cutting loose angry youth with weapons skills is not what the crisis-ridden island needs now.
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