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The Latest Breaking News from Ranil Wickremesinghe

Sri Lankan President Wickremesinghe to visit India on July 21

Sri Lankan President Ranil Wickremesinghe will embark on a two-day visit to India on July 21 during which he is expected to meet Prime Minister Narendra Modi.

The Hindu

Sri Lanka's Cabinet approves a domestic debt restructuring plan in effort to solve economic crisis

Sri Lanka’s Cabinet has approved a program to restructure the country’s staggering domestic debt as the island nation struggles to emerge from an economic crisis that has engulfed it since last year

The Independent UK

India extends $1 billion credit line to Sri Lanka by another year

India on May 30 extended its $1 billion credit line to Sri Lanka by another year to help the island nation hit hard by an unprecedented economic crisis procure much-needed food, medicine and other essential items. An agreement was signed between the State Bank of India (SBI) and the Sri…

The Hindu

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Sri Lankan Parliament votes to support IMF recovery program

Sri Lanka’s Parliament has voted to support the implementation of a four-year International Monetary Fund program aimed at solving the country’s economic crisis and reducing its debt burden

The Independent UK

Sri Lanka seeks $17 billion debt reduction by restructuring

Sri Lanka’s president has asked its parliament to approve a four-year International Monetary Fund program to restructure the country's $17 billion in foreign debt

The Independent UK

Sri Lankan protesters demand justice for Easter 2019 attacks

Thousands of Sri Lankans are holding a protest in the capital, demanding justice for the victims of the 2019 Easter Sunday bomb attacks that killed nearly 270 people

The Independent UK

Sri Lanka receives first tranche of IMF bailout, says president

Ranil Wickremesinghe says his government will kick off next round of talks with creditors in the third week of April.

Al Jazeera

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Sri Lanka to start next round of talks with creditors in April

Sri Lanka will kick off the next round of talks with creditors in the third week of April, President Ranil Wickremesinghe said on Wednesday, adding that the debt-stricken nation has started to receive funds from the International Monetary Fund.

Reuters

Sri Lanka to get first tranche of $2.9bn bailout in two days: IMF

Global lender says island nation battling its worst economic crisis in seven decades will get $330m in next two days.

Al Jazeera

IMF to assess Sri Lankan governance as part of $3B bailout

The International Monetary Fund says it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program

The Independent UK

Sri Lanka's economic crisis: From protests to IMF bailout

The International Monetary Fund (IMF) has approved a nearly $3 billion bailout for Sri Lanka, which could help the country unlock up to $7 billion more from other lenders such as the World Bank and the Asian Development Bank.

Reuters

Wickremesinghe delivers IMF deal for Sri Lanka despite public mistrust

When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years.

Reuters

IMF approves crucial $3B bailout for bankrupt Sri Lanka

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

The Independent UK

IMF approves nearly $3 billion bailout for Sri Lanka

The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall funding.

Reuters

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The Independent UK

Sri Lankan state workers strike, protesting high taxes

Sri Lankan health, railway, port and other state workers are on a daylong strike to protest against sharp increases in income taxes and electricity charges, as the island nation awaits approval of an International Monetary Fund package to aid its bankrupt economy

The Independent UK

Sri Lanka leader says IMF deal imminent after China's pledge

Sri Lanka’s president says China has given crucial debt restructuring assurances that mean the bankrupt nation could get its bailout package approved soon

The Independent UK

Sri Lanka police fire tear gas at election protest; 15 hurt

Police in Sri Lanka have fired tear gas and water cannons to disperse protesters angry over a decision to postpone local elections after the government said it cannot finance them because of the country’s crippling economic crisis

ABC News

Taking over the Sri Lankan presidential palace was a high point for Wasantha. Then came six months of horror

This 29-year-old spearheaded a protest movement that toppled Sri Lanka's government. But after his triumphant moment, Wasantha was taken into a feared detention system where prisoners have been tortured and killed.

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Foreign Policy

Have China and Pakistan Hit a Roadblock?

Beijing-funded infrastructure projects have slowed, but their longtime partnership remains inevitable.

The Independent UK

Sri Lankan leader appeals for patience amid economic crisis

Sri Lanka’s president has appealed for patience amid the country’s worst economic crisis but promised brighter times ahead

Reuters

Sri Lanka flags return to growth, protesters demand tax cuts

Sri Lanka's economy is expected to grow again from the end of this year and the government hopes the country will emerge from an economic crisis by 2026, the president said on Wednesday, as hundreds protested a recent rise in taxes amid high inflation.

Al Jazeera

Sri Lankans lament Independence Day pomp amid economic crisis

Armed troops parade in Colombo amid criticim over the event’s cost at a time of dire economic crisis.

Reuters

Sri Lanka economy could shrink by -3.5% to -4%, president says

Sri Lanka's economy could contract by -3.5 or -4.0% in 2023 after shrinking -11% last year, President Ranil Wickremesinghe said on Saturday.

The Independent UK

Sri Lanka leader suspends parliament until policy address

Sri Lanka’s president has suspended Parliament until Feb. 8, when he said he would announced a new set of long-term policies to address a range of issues including an unprecedented economic crisis

Al Jazeera

Is debt cancellation the way forward for Sri Lanka?

As 182 economists from around the world issued a call to cancel Sri Lanka’s debt, not all experts agree.

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