Tag: sri lanka economic crisis

Ranil Wickremesinghe to contest presidential polls as independent candidate, says aide

July 7, 2024 admin

President of Sri Lanka Ranil Wickremesinghe. | Photo Credit: PTI Sri Lankan President Ranil Wickremesinghe will contest the Presidential election as an independent candidate, his aide said on July 7. Deputy Chairman of the United National Party Ruwan Wijewardene confirmed that the presidential election will definitely be held and Mr. Wickremesinghe, 75, will contest the…

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Sri Lanka ex-President Gotabaya Rajapaksa turns author, defends his discredited regime

March 7, 2024 admin

Copies of the ‘The Conspiracy’ book written by toppled Sri Lankan president Gotabaya Rajapaksa, are on display at a bookshop in Colombo on March 7, 2024. | Photo Credit: AFP Two years after his dramatic ouster from office by a popular people’s movement, Sri Lanka’s former President Gotabaya Rajapaksa has sought to defend his…

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Sri Lanka hopes to clinch debt repayment moratorium: President Ranil Wickremesinghe

March 6, 2024 admin

Sri Lankan President Ranil Wickremesinghe. File | Photo Credit: AP Sri Lanka hopes to avoid repaying debt till December 2027 after the completion of the ongoing restructuring process and repay them in the period running up to 2042, President Ranil Wickremesinghe said on March 5, as he defended his unpopular reform plans to revive the…

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Bankrupt Sri Lankas Full Economic Recovery Not Yet Assured International Monetary Fund

September 27, 2023 admin

“Despite early signs of stabilisation, full economic recovery is not yet assured,” the IMF said. Colombo: Bankrupt Sri Lanka’s economic recovery was “not yet assured”, the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island’s finances. The Washington-based lender of last resort said Sri Lanka…

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Sri Lanka ends fuel rationing imposed at height of economic crisis

September 1, 2023 admin

People queue up to buy kerosene for domestic use at a supply station in Colombo on May 26, 2022. | Photo Credit: AFP Sri Lanka has formally announced an end to the fuel rationing scheme imposed one year ago during the height of the unprecedented economic crisis, a senior minister said on Friday, hinting at…

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