Economic crisis in Sri Lanka

<!-- -->The big default? The dozen countries in the danger zoneTraditional debt crisis signs of crashing currencies, 1,000 basis point bond spreads and burned FX reserves point to a record number of developing nations now in…

Read more The president would most likely proceed to another Asian country from there, the source said. The immigration official said authorities could not under law prevent a sitting president from leaving the country. Rajapaksa was due to…

As once relatively wealthy Sri Lanka suffers a dire economic crisis with shortages of everything from medicines to gas, people are returning to cooking with firewood. The switch began at the beginning of the year when more than 1,000…

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COLOMBO: In an unusual move, Sri Lanka's new prime minister Ranil Wickremesinghe has extended public support to the protesters, who have been camping at a popular beachfront here for over a month calling for President Gotabaya Rajapaksa's…

The Pakistan Cricket Board has assured its Sri Lankan counterparts that it had no hesitation touring the country for a two-Test series in late July-August, despite the…

Sri Lanka is facing a foreign exchange shortage, which has, incidentally, affected its capacity to import food and fuel, leading to the power cuts in the country. The shortage of essential goods forced Sri Lanka to seek…