Sri Lanka Economic Crisis
Recent Highlights
All Stories for Sri Lanka Economic Crisis
Sri Lanka lifts import restrictions on 286 items as economic woes eases
Fp Staff •India has extended multi-pronged assistance to Sri Lanka during the peak of its economic and humanitarian crisis in line with its "Neighbourhood First" policy and as an earnest friend and partner of Sri Lanka.
Sri Lanka's local body polls postponed indefinitely due to cash crunch: Election Commission
Fp Staff •The Election Commission’s director general Saman Sri Ratnayake said that the next date for holding elections would be announced only after the Treasury confirms the disbursal of funds.
Sri Lanka slashes fuel prices in welcome relief amid crisis
•Sri Lanka’s government on Wednesday announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis.
Sri Lanka willing to enhance bilateral trade with India in INR
Umang Sharma •Sri Lanka's High Commissioner Milinda Moragoda met India's Finance Minister Nirmala Sitharaman during which he discussed steps to attract Indian investments to his country
China pledges to help bankrupt Sri Lanka
•An unprecedented economic crisis has seen Sri Lanka's 22 million people suffer acute food, fuel and medicine shortages, along with extended blackouts and runaway inflation
IMF welcomes progress made by Sri Lanka to address economic crisis
•The Extended Fund Facility (EFF) will support the authorities' programme of ambitious reforms, which will help Sri Lanka emerge from its current crisis and set it on a trajectory of strong and inclusive growth
Sri Lanka workers defy govt ban on strikes to protest against tax hikes
•Ranil Wickremesinghe used his executive powers on Tuesday to effectively outlaw strikes by compelling 'essential services' to remain at work, and government workers defying the order risk losing their jobs
Sri Lanka delays first vote since new president
•The 9 March polls would only have picked local councillors but would be the first electoral test for Ranil Wickremesinghe since he took office in July after months of protests over the island's worst-ever economic crisis
Sri Lanka bankruptcy to last until 2026: president
•Tax increases and the removal of fuel and electricity subsidies have been unpopular among Sri Lanka's public, already hit hard by the crisis and rampant inflation
Ex-Sri Lanka President Gotabaya Rajapaksa quizzed over hidden cash stash
•Protesters occupied his presidential palace for several days, discovering 17.5 million rupees ($48,000) hidden in Rajapaksa's private quarters that they later turned over to police