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SRI LANKA DEFAULT
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Global Market: Emerging markets face mounting economic pressure amid Iran war disruptionsThe Iran war's economic ripple effect is hitting emerging markets hard, two months on. Rising inflation, trade disruptions, and fiscal stra...
- Sri Lanka seeks investors for loss-making Mattala airport built with Chinese loansSri Lanka is seeking investors for Mattala Rajapaksa International Airport. The airport has been a financial drain since opening in 2013. A...
- Sri Lanka's bondholders sign off on $12.55 billion debt overhaulSri Lanka's bondholders overwhelmingly supported the government's debt restructuring proposal. The plan exchanges existing bonds for new in...
- Dissanayake in India on first trip abroad as Sri Lankan PresidentSri Lankan President Anura Kumara Dissanayake commenced his first international visit since taking office, arriving in India to bolster eco...
- Sri Lanka reaches deal on debt restructuring with bilateral creditors including India, China and FranceSri Lankan President Ranil Wickremesinghe announced a debt restructuring deal with India, France, Japan, and China, a critical step in econ...
- China's Xi offers to help Sri Lanka; buy more of its exportsChina's President Xi Jinping has assured Sri Lanka that China is willing to offer assistance without political conditions and buy more of i...
- Sri Lanka's Supreme Court bars overseas travel of Rajapaksa brothers till Jul 28The petitioner had claimed that these persons were directly responsible for the unsustainability of Sri Lanka's foreign debt, its debt defa...
- Sri Lanka limits foreign currency possession by individuals to support dwindling forex reserveWith the intention of attracting foreign currency in the hands of the public into the formal banking system, Minister of Finance Ranil Wick...
- MoF, PSBs talk Sri Lanka crisis with its lendersSo far, India has extended assistance worth $2.5 billion over the past two to three months to Sri Lanka which includes credit facilities fo...
- Fitch downgrades Sri Lanka to “restrictive default”The downgrade comes at a time when the Central Bank governor P Nandalal Weerasinghe conceded on Thursday that Sri Lanka won't be able to pa...
- Sri Lanka enters default, warns inflation may surge to 40%Sri Lanka has been mired in turmoil amid surging inflation -- which Weerasinghe sees accelerating to 40% in coming months -- a plummeting c...
- Sri Lanka misses ADB payment, PM tells ParliamentThe ADB as well as the World Bank had just promised around 160 million each to Sri Lanka, Wickremesinghe said, but the loan from the Manila...
- Sri Lanka stumbles towards its first default on foreign debtThe island nation could be formally declared in default if it fails to make an interest payment to bondholders before Wednesday, when the 3...
- India extends duration of $400 mn currency swap facility with Sri LankaThis was the first extension of an international debt instrument to Sri Lanka after the government led by President Gotabaya Rajapaksa on A...
- Sri Lanka defaults on debt: See earlier defaultersFor more such web stories click on the ET icon below.
- Bankrupt Sri Lanka looks to expand airline fleetThe island nation is in the grip of its most painful economic downturn since independence in 1948, with severe shortages of essential goods...
- Sri Lanka announces default on all of its $51 billion external debtSri Lanka's finance ministry said in a statement that creditors, including foreign governments, were free to capitalise any interest paymen...
- Sri Lanka admits forex crisis 'dangerous'Basil Rajapaksa, 70, the youngest brother of President Gotabaya Rajapaksa, said state coffers had also suffered huge revenue losses in the ...
- Sri Lanka signs 3-year USD 1.5 billion currency swap deal with ChinaThe swap agreement has been approved by the Cabinet of Ministers with the recommendation of the Monetary Board of CBSL. Governors of the tw...
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