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Sunday, August 07, 2022

economic crisis

ECONOMIC CRISIS NEWS

Sri Lanka in political vacuum as talks go on amid crisis

July 11, 2022 2:06 pm

Opposition party leaders have been in discussion to form an alternative unity government, an urgent requirement of a bankrupt nation to continue discussions with the International Monetary Fund for a bailout program.

Lanka crisis: Cong expresses solidarity with the people

July 10, 2022 8:29 pm

The main opposition party expressed its solidarity with Sri Lanka and its people in the “moment of grave crisis” and hoped that they will be able to overcome it.

Energy crisis: Sri Lanka awaits Indian nod for new credit line

June 17, 2022 3:19 pm

The Sri Lankan economic crisis has prompted an acute shortage of essential items like food, medicine, cooking gas and fuel across the island nation.

Sri Lanka says World Bank agrees to provide $600 million in financial aid

April 26, 2022 9:29 pm

For months, President Gotabaya Rajapaksa’s  administration and the Central Bank of Sri Lanka (CBSL) resisted calls by experts and opposition leaders to seek help from the IMF despite rising risks.

Sri Lanka economic crisis top developments: Army vows to uphold Constitution, not interfere with protests; Colombo Stock Exchange closed for a week

April 17, 2022 8:42 pm

The Colombo Stock Exchange will remain temporarily closed for a week from Monday to provide investors an opportunity to have "more clarity and understanding" of the current economic conditions in crisis-hit Sri Lanka and help them make “informed investment decisions”

Express in Sri Lanka | Ethnic fault-lines blur as nation unites in one cry: Go Gota Go

April 10, 2022 1:18 pm

In Colombo, Saturday saw tens of thousands converge at Galle Face, the capital's main ocean front.

Sri Lanka doubles interest rates to tame inflation; stabilise economy

April 08, 2022 9:32 pm

The heavily indebted country has little money left to pay for imports, meaning fuel, power, food and, increasingly, medicines are in short supply.

Sri Lanka suffers long power cuts, lacks foreign currency to import fuel

March 30, 2022 8:08 pm

Foreign exchange reserves have fallen by 70% in the past two years and were down to a paltry $2.31 billion as of February, leaving Sri lanka struggling to import essentials, including food and fuel.

Famine may have been averted, but Afghan economic crisis deepens: UN envoy

March 03, 2022 3:19 pm

The Taliban authorities lack international recognition six months after overrunning Kabul as the last US-led international troops departed, ending 20 years of war.

Afghanistan: People struggle to make ends meet amid economic turmoil

November 08, 2021 9:34 pm

Most of Afghanistan's public servants have lost their jobs and are left with no income since the Taliban takeover of the country. Many are forced to sell possessions just to buy food.

ECONOMIC CRISIS PHOTOS

Sri Lanka crisis deepens, protesters storm President's house

July 09, 2022 6:51 pm

Thousands of protestors in Sri Lanka broke into President Gotabaya Rajapaksa's residence in Colombo on Saturday.

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