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The Latest Breaking News from Sri Lanka

Nirmala Sitharaman meets IMF chief; discusses impact of geopolitical situation on global growth

Kristalina Georgieva also appreciated India's help to Sri Lanka in tackling its economic crises and assured that the IMF would continue to actively engage with the island nation

The Hindu

Sri Lankan PM says president's powers will be reduced

Sri Lanka’s prime minister says the constitution will be changed to clip presidential powers and empower Parliament as protesters call on the president to quit over an economic crisis

The Independent UK

Sri Lanka asks IMF for urgent financial assistance

The IMF may consider this request due to the unique circumstances, an aide to the nation’s finance minister said.

Al Jazeera

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One dead after police fire on protesters in Sri Lanka amid bailout talks with IMF

Sri Lankan police fired live ammunition to scatter protesters on Tuesday, killing one person and injuring a dozen more, as the country sought rapid financial assistance from the International Monetary Fund (IMF) to ease a worsening economic crisis.

Reuters

Life 'very hard' for Sri Lanka fishermen in financial squall

After three weeks at sea, Anton Fernando tallies his sales of tuna and other fish on a dock in Negombo, a fishing town in Sri Lanka, where the country's financial crisis darkens already murky waters.

Reuters

War in Ukraine Deepens Debt Woes Across Developing World

The war in Ukraine is making it tougher for many emerging-market governments to make debt payments to foreign creditors, fueling concerns of potential crises that could shake markets and weaken the global economic recovery.

Bangkok Post

City Won't Pay $6 Million Awarded to Man Wrongfully Imprisoned for Decades

Plus: how a pesticide ban hurt Sri Lanka, how Japanese reality TV reveals deficiencies in American parenting, and more...

Reason

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Sri Lanka: President Gotabaya reshuffles cabinet, appoints 17 ministers to combat current crisis

The President has appointed new ministers to ensure the smooth and effective functioning of the government. More details on Dynamite News:

Dynamite News

Beating expectations, Chinese economy grows 4.8% in first quarter of 2022

Over the first three months of the year, China's economy expanded at an annual rate of nearly 5 percent when compared to the same stretch last year. But as Covid-19 lockdowns roll on, the country's annual growth target looks hard to reach. Also, talks kick off between Sri Lanka and…

France 24

Sri Lankan president says regrets crisis, expands cabinet ahead of IMF talks

Sri Lanka's embattled president announced 17 new ministerial appointments on Monday, notably leaving out members of his own family, and expressed regret for his government's handling of a devastating economic crisis that has led to widespread protests.

Reuters

Sri Lankan Cabinet reshuffled to counter economic crisis

Sri Lanka’s president has appointed a new, 17-member Cabinet in a sign he and his powerful family are taking back control of the political crisis resulting from the country’s dire economic state

The Independent UK

Hundreds of thousands flee Russia and Putin’s ‘two wars’

Some 200,000 Russians have left their homes and jobs, fearful of being persecuted for opposing Putin’s war on Ukraine.

Al Jazeera

No easy way out: On the Rajapaksas

The Rajapaksas are losing their political capital while dealing with the economic crisis

The Hindu

BJP highlights government’s record on financial inclusion

Party spokesperson compares India to situation prevailing in Sri Lanka and Pakistan

The Hindu

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The Independent UK

Sri Lankan protesters demand justice for 2019 Easter attacks

Sri Lankans protesting for days near the president’s office have criticized a lack of progress in finding those responsible for the deaths of more than 260 people in Islamic State-inspired bombings on Easter Sunday three years ago, adding the pressure on the government already embroiled in a deep economic crisis

Bangkok Post

Sri Lankan stock market closing for a week

COLOMBO: Sri Lanka will suspend share trading for all of next week to avoid a possible stock market collapse, as its economic crisis deepens and protests against the government spread.

The Hindu

Sri Lanka stares at bankruptcy or redemption

The IMF agreement and fallout will be the central point of contention between the elite and the working people

The Hindu

T.N. requests temporary asylum for Tamils arriving from Sri Lanka

Tamil Nadu Chief Minister M.K. Stalin makes request to Prime Minister Narendra Modi

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The Times of India

Explained: What India is doing to help Sri Lanka in crisis

NEW DELHI: Sri Lanka is in the midst of an unprecedented economic crisis which is slowly but surely snowballing into a political crisis that threatens to dislodge the Rajapaksa brothers.

Reuters

Thousands of Sri Lankans celebrate New Year at anti-government protest site

At an auspicious time early on Thursday, Dilani Jayaratne lit a small wood fire to boil a small pot of milk to mark the start of Sri Lanka's New Year.

Asharq Al-Awsat

Kuwait’s Development Fund: Sri Lanka’s Debt is ‘Sovereign,’ Can’t Be Canceled

The Kuwait Fund for Arab Economic Development (KFAED) affirmed on Wednesday that the debts other countries owe it are “sovereign.” It referred to Sri Lanka’s announcement of defaulting on its $51 billion external debt. The Fund is one of the entities that lend to the Sri Lankan government, which has…

The Independent UK

Sri Lankan protesters mark new year near president's office

Sri Lankans are sharing milk rice and oil cakes to celebrate their traditional new year opposite the president’s office where they have camped out for a sixth day demanding his resignation over the worst economic crisis in memory

The Times of India

Sri Lanka seeking up to $4 billion as IMF talks set to start

COLOMBO: Sri Lanka needs between $3 billion to $4 billion this year to pull itself out of an unprecedented economic crisis and plans to start talks with the International Monetary Fund for help, Finance Minister Ali Sabry said.

The Guardian - UK

‘Gota go home’: desperate Sri Lankans call for President Rajapaksa to quit

Strongman Gotabaya Rajapaksa’s position looks weak amid an economic crisis that threatens to turn into starvation

Foreign Affairs

Sri Lanka on the Brink

How the Pandemic and War in Ukraine Led to Economic Collapse

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