Stay updated with breaking news from Uditha Jayasinghe. Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
/cloudfront-us-east-2.images.arcpublishing.com/reuters/LIXBWHNVGBLCJCHQFTQBGKRVLM.jpg)
Public employees at Sri Lanka's ports, hospitals, schools, and railways went on strike on Wednesday to protest against high costs of living as the country struggles to recover from a severe financial crisis.
(Reuters) - The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank. Here are some key developments in the island nation's worst economic crisis in about 75 years. 2022 MARCH 31: Demonstrators march to President Gotabaya Rajapaksa's private residence to protest over worsening economic conditions. MAY 9: Following widespread clashes between pro- and anti-government protesters, Prime Minister Mahinda Rajapaksa, the president's el...
COLOMBO — When Ranil Wickremesinghe took over as Sri Lanka’s president in July after a popular uprising ousted his predecessor, the South Asian island nation…
COLOMBO (Reuters) - Sri Lanka will receive the first tranche of about $330 million from the International Monetary Fund in the next two days, and, going forward, disbursements would be tied to reviews that take place every six months, an IMF official said on Tuesday. | 11:53pm
(Reuters) - The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7...