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Sri Lankan President Ranil Wickremesinghe will present his first budget in Parliament later today as the country reels under its worst financial crisis since its independence. ....
"The Board was of the view that a further monetary policy tightening would be necessary to contain any build-up of adverse inflation expectations," The Central Bank of Sri Lanka said in a statement. ....
Sri Lanka is going through the worst economic crisis since its independence from Britain in 1948, and needs to obtain at least USD 4 billion to tide over the acute shortage in foreign exchange reserves. ....
The Sri Lankan government is exploring options to purchase discounted oil from Russia, as the nation desperately looks to replenish its dwindling fuel stocks amid an unprecedented economic crisis due to a crippling shortage of foreign exchange reserves. ....