Sri Lanka’s already dire economic crisis deepened as oil prices hovered near $110 a barrel. Vehicles…
Tag: Sri Lanka economic crisis
Sri Lanka settles sovereign bond payments as reserves dwindle
Image Source: AP Sri Lankans wait in line to refill their LPG cylinders in Colombo, Sri…
India extends $500 million line of credit to help Sri Lanka buy fuel amid huge energy crisis
Colombo, Jan 18 (PTI) India on Tuesday announced a $500 million line of credit to help…
Sri Lanka kept its word in the midst of economic crisis, paid $ 500 million international sovereign bond
New Delhi: Sri Lanka’s Central Bank said on Tuesday that Sri Lanka has averted a major…
Sri Lanka to hold talks with IndianOil to tackle fuel and energy crisis
Colombo: Sri Lanka will hold talks with the Indian Oil Corporation on Tuesday as part of…
Sri Lanka invites more investments from India in ports, infra, energy, manufacturing sectors
Colombo: Sri Lanka has urged more Indian investments in ports, infrastructure, energy, power and manufacturing sectors…
India provided $900 million in aid to help Sri Lanka get out of its economic crisis
New Delhi: India has given assistance of US $ 900 million to Sri Lanka, which is…
IMF no ‘fix-all’, ‘magic wand’ – crisis-hit Sri Lanka sees it only as ‘one of many options’
New Delhi: Sri Lanka is grappling with a severe economic crisis, with several analysts saying the…
Sri Lanka will meet all loan repayments and rebuild foreign exchange reserves, says its central bank chief
New Delhi: Sri Lanka will meet all debt repayments in 2022, and work on a comprehensive…
Sri Lanka launches luxury train between Colombo and Tamil-dominated Jaffna with India’s assistance
New Delhi: With the help of a line of credit offered by India, Sri Lanka has…