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The Latest Breaking News from Sri Lanka

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

The Hindu

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.

The Times of India

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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.

Reuters

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…

Asharq Al-Awsat

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 Independent UK

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 Times of India

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‘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

The Guardian - UK

Sri Lanka on the Brink

How the Pandemic and War in Ukraine Led to Economic Collapse

Foreign Affairs

Sri Lanka seeks India’s help for funds

Colombo has reached out to Delhi and Beijing for $3 billion in ‘bridge finance’

The Hindu

India open to additional $2 billion aid for Sri Lanka with eye on China - sources

India is willing to commit up to another $2 billion in financial assistance to Sri Lanka while also supporting the island nation with food and fuel, five sources told Reuters, as New Delhi tries to regain ground lost to China in recent years.

Reuters

Sri Lankans set up protest camp, vow to stay till Rajapaksa quits

As protesters dig in for a long haul, tents come up outside President Gotabaya Rajapaksa’s office in Colombo.

Al Jazeera

Sri Lanka PM offers protesters talks as opposition eyes no-confidence vote

Sri Lanka's prime minister offered talks on Wednesday with protesters calling for the government to step down over its handling of an economic crisis as the opposition threatened to bring a no-confidence motion against it in parliament.

Reuters

Sri Lanka's prime minister invites protesters for talks

Sri Lanka’s prime minister has offered to meet with protesters occupying the entrance to the president’s office, saying he would listen to their ideas to resolve the economic, social and political challenges facing the country

The Independent UK

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Bangkok Post

Sri Lanka declares default on external debt, first time in history

NEW DELHI: Sri Lanka declared on Tuesday that with critically low foreign exchange reserves, the crisis-hit country will default on its external public debt pending a bailout package from the International Monetary Fund.

The Conversation

What's happening in Sri Lanka and how did the economic crisis start?

The island nation of Sri Lanka is in the midst of one of the worst economic crises it’s ever seen. It has just defaulted on its foreign debts for the first time since its independence, and the country’s 22 million people are facing crippling 12-hour power cuts, and an extreme…

Reuters

A small tent camp in Sri Lankan city becomes focus of national protests

On a patch of grass near Sri Lankan President Gotabaya Rajapaksa's office in the commercial capital Colombo, around two dozen tents have been erected in a small but growing camp that is becoming the focal point of national protests.

The Hindu

Ministry of External Affairs’s inter-ministerial group to focus on South Asia

‘Neighbourhood first’ policy to ensure quick response to border and humanitarian crises

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France 24

US inflation hits 40-year high of 8.5%

Consumer prices in the US surged by 8.5 percent in March, the fastest pace since 1981. The inflation spike was fuelled by a 32 percent jump in energy costs, linked to Russia's war in Ukraine. Many American consumers are struggling to keep up with the price rises. Also in the…

The Hindu

A.P. will take lessons from Sri Lanka on organic farming: Minister

It will not be imposed on farmers but the choice will be left to them: Minister K. Govardhan Reddy

The Times of India

AFC Cup: ATK Mohun Bagan thrash Blue Star 5-0, seal play-off berth for group stage qualification

KOLKATA: ATK Mohun Bagan moved closer to AFC Cup group stage qualification with an emphatic 5-0 win over Blue Star SC of Sri Lanka at the Salt Lake Stadium on Tuesday.

The Times of India

Explained: How Sri Lanka fell into debt trap, defaulted on foreign payments

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.

Newslaundry

Safety issues, social media blackouts, financial stress: Being a journalist during Sri Lankan crisis

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.

Benzinga

South Asian Country Defaults On $51B External Debt Amid Concerns Of Food, Fuel Shortages

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.

The Independent UK

Sri Lanka halts debt repayment pending IMF bailout plan

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

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