[ad_1] Why are Sri Lanka and Pakistan facing major macroeconomic risks? How does currency devaluation and price rise affect an economy? What is the International Monetary Fund? Why does the IMF impose certain conditions before lending money to countries? [ad_2] Source link
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[ad_1] CBI brings Delhi Deputy CM Manish Sisodia to Rouse Avenue Court in New Delhi on February 27, 2023. | Photo Credit: ANI Delhi excise scam case | Manish Sisodia sent to CBI custody till March 4 A Delhi court on February 27 sent Delhi Deputy CM Manish Sisodia to five-day CBI custody till March […]
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[ad_1] At least 26 killed as tractor-trolley falls into pond in U.P.’s Kanpur At least 26 people have died and 16 were seriously injured in an accident in Uttar Pradesh’s Kanpur district on Saturday. The victims were returning home from a visit to the Chandrika Devi temple in a tractor trolley that fell into a […]
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[ad_1] President Wickremesinghe on Friday ordered a ban on all demonstrations and protests near key institutions, including his office and the homes of military top brass President Wickremesinghe on Friday ordered a ban on all demonstrations and protests near key institutions, including his office and the homes of military top brass Sri Lankan police dispersed […]
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[ad_1] Colombo must successfully restructure its foreign debt to secure the $2.9 billion programme Colombo must successfully restructure its foreign debt to secure the $2.9 billion programme The International Monetary Fund (IMF) has reached a staff-level agreement with crisis-hit Sri Lanka, in a first step before extending a $2.9 billion loan package that the Fund […]
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[ad_1] Sri Lanka’s economic crisis is a consequence of the corruption over two Rajapaksa regimes, said former President Chandrika Bandaranaike Kumaratunga, admitting she is “thrilled” by the aragalaya or people’s movement that overthrew them recently. “When our systems have crashed and been destroyed consciously, how do you change things…the only way to change is through […]
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[ad_1] Sri Lanka has slapped a ban on the import of 300 consumer items like chocolates, perfumes and shampoos as part of the cash-strapped island nation’s bid to tackle its worst economic crisis triggered by the shortage of foreign exchange. Sri Lanka is going through its worst economic crisis since its independence in 1948. The […]
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[ad_1] The island nation defaulted on its $51 billion foreign debt in April and is seeking help from the IMF after months of food, fuel and medicine shortages The island nation defaulted on its $51 billion foreign debt in April and is seeking help from the IMF after months of food, fuel and medicine shortages […]
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[ad_1] Sri Lanka’s tourism officials, conscious of the dire need to shore up their country’s economy, plan to woo a greater number of Indian tourists, who constitute the single largest segment of foreign tourists, through new packages such as the Murugan-Shiva Shakthi trails. Their optimism stems from the fact that there is a proposal to […]
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[ad_1] India has extended assistance worth over $3.8 billion to Sri Lanka this year to help it deal with the economic crisis. India has extended assistance worth over $3.8 billion to Sri Lanka this year to help it deal with the economic crisis. India’s “generous” and “multi-faceted” assistance to Sri Lanka to help it deal […]
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