EXPLAINER: What caused Sri Lanka's economic collapse?
The South Asian nation of Sri Lanka is experiencing an unprecedented economic collapse that has pushed the government into a deep crisis
Source: go.com
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EXPLAINER: What's the latest in Russia's dance with default?
Russia appeared to dodge default on its foreign debt by dipping into its scarce dollar reserves.
Source: apnews.com
Sri Lanka opposition declares no confidence in government, seeks to oust PM
The motion blames Prime Minister Mahinda Rajapaksa and his cabinet for failing to provide decent living standards amid a deep economic crisis.
Source: scmp.com
Sri Lanka to receive World Bank help to face economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over the next four months to buy medicine and other essential items, the country’s finance minister said Friday, as the Indian ocean island suffers its worst economic crisis in decades.
Source: apnews.com
Sri Lankan president admits mistakes led to economic crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka's president acknowledged Monday that he made mistakes that led to the country's worst economic crisis in decades and pledged to correct them. President Gotabaya Rajapaksa made the admission while speaking to 17 new Cabinet ministers he appointed Monday as he and his powerful family seek to resolve a political crisis resulting from the country’s dire economic state.
Source: apnews.com