The Latest Breaking News from Sri Lanka

NEW DELHI: Grappling with its worst economic crisis since the country got independence in 1948, Sri Lanka on Tuesday announced a default of $51 billion on foreign debt.

As Sri Lanka grapples with an economic crisis caused by dwindling foreign currency reserves and escalating debt payments, the print media is beginning to pay the price.

Amid the deepening financial crisis in the country, Sri Lanka defaulted on its $51 billion foreign debt, pending a bailout from the International Monetary Fund, with whom the talks are scheduled for the end of this month.

Sri Lanka's government says it is suspending its repayment of foreign debt, including bonds and government-to-government borrowings, pending the completion of a loan restructuring program with the International Monetary Fund to deal with the island nation’s worst economic crisis in decades

Sri Lanka's central bank said on Tuesday it had become "challenging and impossible" to repay external debt, as it tries to use its dwindling foreign exchange reserves to import essentials like fuel.

Rosanne White was first diagnosed with cancer eight years ago and lost a kidney. After the cancer returned five years ago, an oncologist in Sri Lanka's commercial capital Colombo started her on Bevacizumab last May, a treatment she was responding to.

Protesters have also taken over the President’s mansion after he fled during the country’s worst economic crisis since its independence. Videos show protesters swimming in his pool, lying on his bed and taking showers in his bathroom.

COLOMBO: Sri Lanka's leaders are showing no signs of stepping down in the face of mounting protests as the government ramps up efforts to find emergency funds to import essential goods and avoid an international default.

Sri Lanka is facing a worsening economic crisis that has left its citizens struggling to get through everyday tasks such as driving to work or cooking their family meals. With the parliament in disarray, people are taking to the streets.

Sri Lankan Prime Minister Mahinda Rajapaksa is appealing for an end to protests calling for his resignation over his handling of the worst economic crisis in decades, saying his government is launching a plan to rebuild the country

Sri Lanka's Prime Minister Mahinda Rajapaksa on Monday said the country had reached a decisive juncture and called for patience as protests continued over the government's handling of a deepening economic crisis.