Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its complex web of creditors. Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares for the difficult task of renegotiating its complex web of creditors. More […]
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Sri Lanka’s new Prime Minister Ranil Wickremesinghe said on May 25 that he will present an interim budget within six weeks, slashing infrastructure projects to re-route funds into a two-year relief programme for the crisis-hit island nation. Mr. Wickremesinghe, who took office two weeks ago, warned that inflation would rise as the government gets down […]
Continue ReadingMarking the national War Heroes Day, Sri Lankan President Gotabaya Rajapaksa said the armed forces ended the LTTE civil war in 2009 through a “humanitarian operation”, but the government still faces a UN-led probe into the alleged human rights violations Marking the national War Heroes Day, Sri Lankan President Gotabaya Rajapaksa said the armed forces […]
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Ranil Wickremesinghe, due to speak on Monday, said he would give a “full explanation” of the financial crisis Ranil Wickremesinghe, due to speak on Monday, said he would give a “full explanation” of the financial crisis Sri Lanka’s new prime minister will address the crisis-hit nation later on Monday, as the country’s power minister told […]
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New Delhi continued to provide aid this time through $200 million worth fuel on a short-term loan facility New Delhi continued to provide aid this time through $200 million worth fuel on a short-term loan facility Why is Sri Lanka in an economic emergency? | In Focus podcast Sri Lanka’s Cabinet has cleared a proposal […]
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