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The Latest Breaking News from Sri Lanka

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

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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

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

The Independent UK

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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.

Bangkok Post

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

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

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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

The Hindu

Sri Lanka seeks India’s help for funds

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

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Reuters

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.

Al Jazeera

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.

Reuters

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.

The Independent UK

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

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.

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