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The Latest Breaking News from Ranil Wickremesinghe

Sri Lanka scrambles for aid – but Australia still seems preoccupied by boats

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.

The Conversation

With no fuel and no cash, Sri Lanka grinds to a halt

Less than a day’s worth of fuel remains, says the energy minister, as the cash-strapped nation extends school closures.

Al Jazeera

Sri Lanka crisis gives India chance to gain sway vs China

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

The Independent UK

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Sri Lanka sends 2 ministers to Russia for oil amid crisis

Sri Lanka is sending two ministers to Russia to negotiate for fuel, a necessity that the Indian ocean island nation has almost run out of amid its ongoing economic crisis

The Independent UK

Senior US officials visit Sri Lanka to help resolve crisis

Senior U.S. officials have arrived in Sri Lanka to find ways to help the island nation in the throes of an unprecedented economic crisis and severe shortages of essential supplies

The Independent UK

Sri Lanka Hikes Fuel Prices as US Delegation Arrives

Sri Lanka hiked fuel prices on Sunday, creating further pain for ordinary people as officials from the United States arrived for talks aimed at alleviating the island's dire economic crisis. Ceylon Petroleum Corporation (CPC) said it raised the price of diesel, used widely in public transport, by 15 percent to…

Asharq Al-Awsat

Sri Lanka almost out of fuel, with no fresh supplies in sight

Bankrupt nation’s energy minister apologises to motorists but unable to say when petrol and diesel imports will be restored

The Guardian - AU

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Indian officials in Sri Lanka for talks on ailing economy

Senior Indian officials are in Sri Lanka for talks on how to help the island nation weather an unprecedented economic crisis

The Independent UK

India says will support crisis-hit Sri Lanka's economic recovery

India's top diplomat held talks with Sri Lanka's president and prime minister on Thursday as India signalled its willingness to go beyond the $4 billion in loans, swaps and aid that it has already provided its cash-strapped neighbour.

Reuters

EXPLAINER: Why Sri Lanka's economy collapsed and what's next

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

The Independent UK

News briefs

‘Blue slip’ problem hangs up veterans toxic exposure bill

Tribune News Service

Sri Lanka’s economy has ‘collapsed,’ prime minister says

Sri Lanka’s economy has “completely collapsed” and an agreement with the International Monetary Fund is the only path to revival, Prime Minister Ranil Wickremesinghe told the parliament on Wednesday.

Tribune News Service

Sri Lanka PM says economy 'has collapsed,' unable to buy oil

Sri Lanka’s prime minister says its debt-laden economy has “collapsed" after months of shortages of food, fuel and electricity

The Independent UK

Crisis-hit Sri Lanka plans donor conference with China, India and Japan

Sri Lanka will hold a donor conference with China, India and Japan as it seeks overseas assistance to find a way out of its worst economic crisis in decades, Prime Minister Ranil Wickremesinghe told parliament on Wednesday.

Reuters

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The Independent UK

Sri Lanka's crisis cripples once burgeoning middle class

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

Al Jazeera

Sri Lanka cabinet moves to clip President Rajapaksa’s powers

Cabinet approves amendment to the constitution in a move to appease protesters calling for Gotabaya Rajapaksa to quit.

The Hindu

India has really helped us during this crisis: Ranil Wickremesinghe

Sri Lanka’s new PM sounds surprisingly upbeat in possibly the toughest assignment of his long political career

ABC News

Sri Lanka's economic crisis has turned into a national emergency, and its people are now calling for help to save lives

Sri Lanka's economic collapse is forcing people all over the country to find unconventional ways to survive. The unique unravelling of a once-middle-income nation has dramatically reshaped how people on the ground are living.

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The Hindu

In Sri Lankan crisis, a window of economic opportunity

The fruition of the idea of a Sri Lanka-south India single market sub-region can boost growth across the Palk Strait

Reuters

Lazard, Clifford Chance reach Sri Lanka to advise on debt restructure - PM

Representatives from heavyweight financial and legal advisers Lazard and Clifford Chance arrived in Sri Lanka to kick off the restructuring of over $12 billion in debt, the island nation's prime minister said on Tuesday.

The Times of India

Blinken assures Sri Lanka of support to promote American investments once IMF negotiations are over

COLOMBO: US secretary of state Antony Blinken has assured crisis-hit Sri Lanka of support to promote American investments in the country after the completion of IMF negotiations, as he spoke with Prime Minister Ranil Wickremesinghe to discuss the island nation's current economic and political challenges.

Reuters

Sri Lanka gives public workers extra day off to grow food

Sri Lanka has approved a four-day work week for public sector workers to help them cope with a chronic fuel shortage and encourage them to grow food, the government said on Tuesday, as it struggles with its worst financial crisis in decades.

Bangkok Post

Sri Lanka needs a currency board

The war in Ukraine has generated an economic tidal wave that is crashing over countries near and far. Among the more far-flung is Sri Lanka, half a world away from the battlefield, where surging food and fuel prices have supercharged a downward spiral that was already under way.

The Independent UK

The AP Interview: Sri Lanka PM says he's open to Russian oil

Sri Lanka’s prime minister says he may be compelled to buy more oil from Russia as he hunts desperately for fuel to keep the country running

The Hindu

Restoration: On Sri Lanka’s return to parliamentary democracy

Sri Lanka will be well served by a return to parliamentary democracy

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