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The Latest Breaking News from Sri Lanka

Sri Lanka doubles interest rates to tame inflation; stabilise economy

Sri Lanka's central bank doubled its key interest rates on Friday, raising each by an unprecedented 700 basis points to tame inflation that has soared due to crippling shortages of basic goods driven by a devastating economic crisis.

Reuters

Sri Lanka opposition says it will move no-confidence motion if crisis unaddressed

The head of Sri Lanka's main opposition party said on Friday it would move a no-confidence motion in parliament against the government if it does not take measures to address the country's financial crisis and improve governance.

Reuters

Is struggling Sri Lanka salvageable?

Last Sunday -- with two notable exceptions -- Sri Lanka's cabinet resigned en masse in protest against the government's handling of the worst economic crisis to hit the island in decades, which has sparked widespread rioting, unrest, and arson attacks on police property.

Bangkok Post

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Infographic: Sri Lanka’s economic crisis and political turmoil

The tourism-reliant island nation faces one of its worst financial and political crises.

Al Jazeera

Tourism prospects fly high as skies open up for international travel

Sector recording good recovery numbers since pandemic struck

The Hindu

Sri Lanka medical group warns of catastrophic shortages

Sri Lanka’s national medical association is warning that hospitals will be unable to provide emergency services in coming weeks because of critical shortages of drugs and medical equipment caused by the country’s economic crisis, leading to a catastrophic number of deaths if supplies aren’t replenished

The Independent UK

Stalin proposes to send essential supplies to Sri Lanka

On a telephonic conversation with Union Minister S. Jaishankar, Mr. Stalin also expressed concerns over the incidents of assault on T.N. fishers by the SL Navy

The Hindu

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Sri Lanka calls for $1 billion debt restructure as crisis rages

Sri Lanka must urgently seek funds from multilateral lenders and aim to restructure a debt payment due in July, its outgoing finance minister said on Thursday, pleading for political stability amid the country's worst economic crisis in decades.

Reuters

Letters to the Editor — April 7, 2022

Crisis in Sri Lanka

The Hindu

Modi govt.’s policy pushing India into an economic crisis like Sri Lanka: Thirumavalavan

He demands an adjournment motion in the Parliament to discuss the issue in detail

The Hindu

Sri Lanka facing imminent threat of starvation, senior politician warns

Speaker tells parliament ‘there will be very acute food shortages’ and economic crisis is ‘just the beginning’

The Guardian - UK

Govt must clear people’s doubts on SilverLine project: Bishop

Crisis in Sri Lanka has increased people’s fears, says prelate

The Hindu

Easter travel updates announced for Spain, Malta, Seychelles and Sri Lanka

More holiday hotspots are easing Covid rules ahead of the Easter break, however, there have been warnings of disruption in Sri Lanka

Wales Online

Arjuna Ranatunga lauds PM Modi for helping Sri Lanka during economic crisis

COLOMBO (Sri Lanka): Former Sri Lanka cricketer and Minister Arjuna Ranatunga on Wednesday lauded Prime Minister Narendra Modi for helping Sri Lanka amid its ongoing economic crisis.

The Times of India

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The Hindu

Explained | What is the BIMSTEC grouping and how is it significant?

How does the regional organisation work? What has it done over the years and how does it figure in the current geopolitical calculus?

Reuters

In stunning reversal, protests leave Sri Lanka's ruling dynasty teetering

In 2020, Mahinda Rajapaksa won elections to become Sri Lanka's prime minister, serving under his brother and president Gotabaya. In 2021, another sibling, Basil, was named finance minister, tightening the family's hold on power.

Reuters

Sri Lanka's president will not resign despite protests, says minister

Sri Lanka's President Gotabaya Rajapaksa will not resign despite widespread protests against his handling of the country's economic crisis, a minister told parliament on Wednesday.

Al Jazeera

Sri Lanka’s poor queue for hours to buy kerosene amid crisis

For months, thousands have queued for fuel, food and medicine amid the country’s worst economic crisis in memory.

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The Independent UK

Sri Lankan president revokes emergency amid growing protests

Sri Lanka’s president has revoked a days-old state of emergency after huge public protests demanded he resign over the country’s worst economic crisis in memory

The Hindu

At a crossroads: On Sri Lanka’s economic recovery

The road to Sri Lanka’s economic recovery will have to pass through political change

Reuters

Sri Lankan President revokes emergency rule ordinance -Gazette

Sri Lankan President Gotabaya Rajapaksa late on Tuesday revoked the emergency rule ordinance that had gone into effect on April 1, even as the government struggled to quell protests amid the nation's worst economic crisis in decades.

The Hindu

Gotabaya loses majority in parliament

Over 40 MPs including from allies of ruling SLPP alliance sat as a separate block

The Guardian - UK

Sri Lanka faces medical emergency as economic crisis hits drug supplies

Union warns of complete breakdown of health system with hospitals ‘all running out of medicines’

The Independent UK

Sri Lankan lawmakers seek interim government to solve crisis

A group of Sri Lankan governing party lawmakers has called for the appointment of an interim government

The Hindu

Sri Lanka crisis: Gotabaya Rajapaksa loses parliamentary majority

41 lawmakers leave coalition, leaving Rajapaksa’s government with fewer than the 113 members needed to maintain a majority in the 225-member house

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