The Latest Breaking News from Gotabaya Rajapaksa

Sri Lanka’s newly appointed prime minister says it will take one and a half years to stabilise the crisis-hit economy.

When Sri Lankan Prime Minister Ranil Wickremesinghe conceded ten days ago that the Sri Lankan economy has “completely collapsed”, his words would have come as no surprise to the island’s 22 million people.

Sri Lanka’s strategic location on Indian Ocean shipping lanes has long attracted outsized interest in the small island nation from regional giants China and India

Sri Lanka’s economy, which a few years ago enjoyed strong growth that provided jobs and financial security, is now in a state of collapse, dependent on aid from India and other countries as its leaders desperately try to negotiate a bailout with the International Monetary Fund

Doctors and bankers were among hundreds of Sri Lankans who marched on Wednesday to demand the government resolve a severe fuel shortage at the heart of the Indian Ocean island's worst economic crisis in decades or step down.

Lebanon and Sri Lanka may be a world apart, but they share a history of political turmoil and violence that led to the collapse of once-prosperous economies bedeviled by corruption, patronage, nepotism and incompetence. The toxic combinations led to disaster for both: Currency collapse, shortages, triple-digit inflation and growing hunger.…

A shared history of political turmoil and violence in two countries a world apart, Lebanon and Sri Lanka, led to the collapse of once-prosperous economies that have been bedeviled by corruption, patronage, nepotism and incompetence

Vinay Kwatra told Mr. Rajapaksa that India will extend its fullest support in overcoming difficult situation.

Sri Lanka’s prime minister says the island nation's debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel

Sri Lanka’s economic crisis, the worst in its history, has completely recast the lives of the country’s once galloping middle class

In the middle of a crippling economic crisis, demonstrating is a luxury the country’s Tamil minority cannot afford