Supplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...

Nations globally are taking action to protect citizens from rising energy prices. Countries are introducing subsidies, tax cuts and fuel co...

Asia is experiencing energy shocks similar to the 1970s oil crises, with rising fossil fuel costs impacting consumers and industries. This ...

The Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...

Global events like the West Asia conflict and El Nino threaten governments. Rising fertilizer prices create a fiscal and political crisis f...

Iran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. Thes...

Sri Lanka is grappling with its worst downturn on record after running out of foreign currency to buy imports, leaving scarce supplies of f...

"Adding to the fragrance of friendship and cooperation. High Commissioner formally handed over 21,000 tonnes of fertilizer supplied under I...

Agriculturists have warned that the country may encounter a food shortage by mid-August in the ongoing economic crisis. India has committed...

Sri Lanka is aiming to boost its agriculture sector to avoid any disruption in the agriculture market following the drop in paddy cultivati...

The Sri Lankan government banned chemical fertilisers last year as part of a phased transition towards organic agriculture. The dearth of a...

An Indian ship laden with urgent relief supplies like rice, medicines and milk powder for the people of crisis-hit Sri Lanka is scheduled t...

Sri Lanka is facing its worst economic crisis since independence with food and fuel shortages, soaring prices, and power cuts affecting a l...

In this challenging time, the Group of Seven (G7) nations have announced that they will assist Sri Lanka in securing debt relief.

The dire assessment by new Prime Minister Ranil Wickremesinghe this week of the island nation's economic plight was a necessary first step,...

Sri Lanka is near bankruptcy and has announced it is suspending payments on its foreign loans. It has to repay $7 billion in foreign debt t...

The island's tourism-dependent economy has been hammered by the pandemic with the government imposing broad import restrictions to avert a ...