Tag
Sri Lankan economy
Sri Lanka’s Debt Restructuring Deal: Economic Relief or Creditor Windfall?
By Rathindra Kuruwita
The agreement further entangles Sri Lanka in an exploitative global debt system that prioritizes creditor profits over the country's development and people's welfare.
Sri Lanka Reaches Agreement With China’s EXIM Bank on Debt
By Krishan Francis
This is a key step toward securing the next installment of a $2.9 billion package from the IMF.
South Asia to Grow by Nearly 6% This Year
By Krutika Pathi
The region is growing faster than all other emerging markets.
Sri Lankan State Workers Strike, Protesting High Taxes
By Krishan Francis
The government says it was compelled to raise taxes to strengthen state revenue, a key prerequisite to unlocking the $2.9 billion IMF package.
Sri Lanka Aims to Hike Taxes in Budget to Soften Crisis
By Bharatha Mallawarachi
The Wickremesinghe government plans to more than double tax revenue to be able to meet expenditure without having to print currency.
Sri Lanka Holds its Breath as New PM Fights to Save Economy
By Bharatha Mallawarachi and Krutika Pathi
Financial hardship persists but there is growing hope among Sri Lankans that Ranil Wickremsinghe will see them through the tough times.
China Becomes Wild Card in Sri Lanka’s Debt Crisis
By Bharatha Mallawarachi, Krutika Pathi and Joe McDonald
Beijing has promised to “play a positive role” in talks with the IMF and offered Colombo more loans but is reluctant to cut its debt.
Sri Lanka’s Economic Challenge
By Anthony Fensom
The new president has set an ambitious timetable for reforms.
Sri Lanka: Export Powerhouse?
By Michael Vurens van Es
For the country’s working and middle classes, the Hambantota port development will have important consequences.
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