Sri Lanka to Begin Debt Restructuring Plan
On Friday, Sri Lankan authorities are going to hold talks with international creditors to begin the process of restructuring billions of dollars of its debt...
Tag : economic crisis
Nepal Govt Urges Non-Residents to Open Dollar Accounts
The Nepal government has requested Nepalese residing in foreign countries to open dollar accounts in banks in the country and make investments amidst the economic...
Sri Lankan PM Offers to Hold Talks With Protestors
Amid escalating protests in Sri Lanka over the economic crisis, PM Mahinda Rajapaksa has offered to conduct talks with the protestors who are demanding the...
Sri Lanka to Exhaust $500 Million Indian Fuel Credit Line by April
Sri Lanka will exhaust the $500 million credit line provided by India for fuel after delivering another 120,000 tons of diesel and 35,000 tons of...
Sri Lankan President Declines to Resign Amid Economic Crisis
Amid the ongoing political disruption in Sri Lanka triggered by the massive economic crisis, President Gotabaya Rajapaksa has said that he will not resign but...
Sri Lanka’s Cabinet of Ministers Resign with Immediate Effect
Sri Lanka‘s Cabinet of Ministers resigned immediately as the country experienced its worst economic crisis. Education Minister and Leader of the House, Dinesh Gunawardena, informed...
Sri Lanka Imposes 10-Hour Daily Power Cut Duel to Fuel Crisis
The Sri Lankan government forced a nationwide 10-hour daily power cut due to a fuel shortage. Sri Lanka is facing an unusual economic and energy...