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Sri Lanka's economy is expected to perform better than previously expected but still see a significant contraction in 2023 before growing in 2024, World Bank projections for the crisis-hit nation...
MALE (Reuters) -Opposition candidate Mohamed Muizzu has won the Maldives presidential election, beating incumbent President Ibrahim Solih in a second-round runoff that could herald a pro-China shift for the Indian Ocean archipelago, from traditional partner India. With nearly all votes counted, the Elections Commission of the Maldives said on its website that Muizzu had received 54% of the ballots in Saturday's vote, with 46% for Solih. About 85% of 282,000 eligible voters in the Maldives, known
The International Monetary Fund said on Wednesday its staff did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9 billion bailout package due to a potential...
Sri Lanka's cabinet approved a $200 million loan from the Asian Development Bank , the Media Ministry said in a statement on Tuesday, as the country focuses on rebuilding its crisis-hit economy. ...
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka's government this year, though that is unlikely to derail a $2.9 billion loan programme for the...