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Friday, March 29, 2024
TopicSri Lanka economic crisis

Topic: Sri Lanka economic crisis

Sri Lanka can’t move on from civil war history. Sinhala elite insecure about sharing power

A complete lack of trust between the Sinhala elite and Tamil minority is apparent across Sri Lanka, which seems unable to even begin laying some of its ghosts to rest.

Sri Lankan president Wickremesinghe visits India, hopes to strengthen economic ties

Infrastructure, energy, and debt restructuring are on the agenda on his first trip to India since he took over as the president a year ago.

IMF bailout only became possible due to Indian support, says Sri Lankan envoy Moragoda

In an interaction with ThePrint team, High Commissioner Milinda Moragoda discussed topics including Sri Lanka's economic crisis and the need for a 'strategic partnership' with India.

World Bank to provide $500 million in budgetary, welfare support for crisis-hit Sri Lanka

Sri Lanka is emerging out of its worst economic crisis in 7 decades, and its economy expected to shrink 2% this year before returning to growth next year.

Sri Lanka could wrap up debt restructure talks by ‘Sept, or Nov’, says President Wickremesinghe

Ranil Wickremesinghe's comment came as he began a meeting with Japanese Prime Minister Fumio Kishida at the latter's office in Tokyo, their first meet since last September.

Sri Lanka to cut recurrent budget expenditure by 6% in 2023

The cabinet also approved a proposal to delay salaries of some public employees to manage public finances, cabinet spokesman Bandula Gunawardana told reporters.

‘Only option is to seek IMF support’, says Sri Lankan President on economic collapse

The President said the dire economic situation in Sri Lanka has affected every field like education & health, stressing on his debt restructuring program to help the collapsed economy.

Sri Lanka to slash military by a third to cut costs, as it battles ‘worst economic crisis’

The aim of the move is to create a 'technically and tactically sound and well-balanced' defence force by 2030, State Minister of Defence Premitha Bandara Thennakoon said in a statement.

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.

Hospitals out of drugs, surgeries nixed, Sri Lanka’s once-lauded health sector is in crisis

Sri Lanka’s economic crisis has had a devastating impact on the medical sector, with acute shortages and rising prices. Some hospitals even struggle to provide food for patients.

On Camera

Oka to Nagarathna—Bombay High Court judges taking up the cudgel when faith in courts eroding

When lynching, hate speech and bulldozer politics do not speedily invite the wrath of courts, then something is wrong with the third pillar of governance.

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.