Is India making smart moves with Sri Lanka?
If there is one country where everything has gone wrong, it is India’s neighbor, Sri Lanka. Since the country gained independence from Britain in 1948, it has not seen the turmoil that it is...
Category: Sri Lanka
Economic Crisis in Sri Lanka
Introduction What is happening today in Sri Lanka is result of years of mismanagement. The country has run out of money and the economy is worsening. Sri Lanka relies on imported goods even for...
Many Sri Lankans flee capital as political leaders meet to seek solution to crisis
Many Sri Lankans thronged buses in the main city Colombo on Thursday to return to their hometowns with leaders of political parties due to meet after the prime minister quit and went into hiding...
Sri Lanka president warns of racial tensions amid economic crisis
Sri Lanka’s president urged people on Wednesday to reject what he called attempts to foment racial and religious disharmony, as clashes broke out in many parts of the country over the government’s handling of...
Sri Lanka begins talks with China on refinancing debt
Sri Lanka has begun discussions with China about refinancing its debt, a cabinet spokesman said on Tuesday, as Colombo struggles with its worst financial crisis in decades. China has suggested to Colombo that it...
Will Sri Lanka Pivot to India now amidst crisis?
With 26 Cabinet Ministers resigning including the Sri Lankan Finance Minister as well as the Lankan Central Bank’s Governor and now even certain Buddhist monks demanding the resignation of the President, Sri Lanka is...
Sri Lanka opposition threatens no-confidence motion, industry warns of ‘precipice’
Sri Lanka’s main opposition party on Friday asked the government to resolve an economic crisis or face a no-confidence motion, as leaders of businesses from garments to tea and other industries warned that exports...
Sri Lanka’s doctors to protest against drugs shortage as crisis persists
Sri Lankan doctors said they will hold a street protest in the commercial capital Colombo on Wednesday as hospitals run out of essential drugs because of the country’s worst economic crisis in decades, even...
Explained: Sri Lanka’s Worst Economic Crisis is here
India is being celebrated in Sri Lanka after the former promises to help in what has constituted to be the island nation’s worst economic crisis. Sri Lanka is severely under debt with its foreign...
Explainer: Sri Lanka on the edge as debt burden mounts
Hit hard by the COVID-19 pandemic, Sri Lanka is facing its most serious financial crisis in years, raising doubts about its ability to pay its creditors. On Tuesday, the island nation will repay $500...
