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Friday, March 29, 2024
TopicSri Lanka Crisis

Topic: Sri Lanka Crisis

Sri Lanka to get first tranche of about $330 mn from IMF in next 2 days, says agency official

IMF said its executive board approved nearly $3 billion bailout for Sri Lanka. President’s office said the programme will enable it to access up to $7 billion in overall funding.

Power price hike pushes Sri Lanka crisis to the brink

The increase is the latest measure to clinch a $2.9 billion loan from IMF to tackle a crisis that evolved from pandemic, rising oil prices and populist tax cuts by previous govt.

Sri Lanka to keep ‘middle-income’ status but seek concessional loans from World Bank

The Presidential office said that while the status change to 'low income country' won't happen, they will request eligibility for loans offered by International Development Association.

Sri Lanka cabinet approves downgrade to ‘low income country’ on World Bank list

Previously, Sri Lanka was placed in the lower-middle economy category. The categorisation as a 'low income' country would ease access to concessional funding, the cabinet spokesman said.

Ousted Sri Lanka President Rajapakasa welcomed back with flowers; given special security

Having fled amid an ongoing economic crisis, the ex prez returned from Thailand to reside in Colombo.

IMF delegation to visit Colombo this month, finalise aid package for Sri Lanka

The global financial body eyes creditor assurances as it prepares a visit to the island nation, and says the country's 'public debt is assessed as unsustainable'.

‘Swift help vs opaque loans’ — USAID chief on India & China’s ‘contrasting’ role in Lanka crisis

Speaking at IIT Delhi, USAID administrator Samantha Power Wednesday hailed New Delhi as an 'impactful development leader' and 'a friend to the world's poor'.

Long-term investments in Sri Lanka are India’s plan to fix economic crisis, envoy Baglay says

High Commissioner of India to Sri Lanka Gopal Baglay added that New Delhi will also work with the island nation’s new govt to facilitate talks for a bailout package from the IMF.

‘Flood jihad’ — Hindu Right press sees ‘jihadist conspiracy’ in Assam deluge

ThePrint’s round-up of how pro-Hindutva media covered and commented on news and topical issues over the past few weeks.

Sri Lanka army raids protest site near Presidential Secretariat. Protesters, journalists ‘attacked’

A day after Ranil Wickremasinghe takes oath as President, protestors at a site in Galle Face reportedly ‘attacked’, ‘taken away’. Incident receives international condemnation.

On Camera

Congress attacks chief economic advisor over statement on unemployment, asks BJP govt to ‘vacate seat’

While releasing 'India Employment Report 2024', V Anantha Nageswaran said govt can't solve 'all social, economic challenges'. Congress leader Kharge says CEA protecting 'dear leader'.

Amid plans to lift AFSPA, Army starts joint training with Jammu & Kashmir Police

In an interview with Gulistan News this week, Union Home Minister Amit Shah said the government would leave law and order to J&K Police and slowly withdraw troops.

For BJP, Kejriwal is an idea whose time has come to be destroyed

The ‘idea’ Kejriwal's politics grew around was a no-holds-barred fight against corruption. That is the reason Modi govt has now tarred him and his entire party with the same paint.