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The Latest Breaking News from Sri Lanka

IMF says $3 billion loan for Sri Lanka will catalyze lending from others

The International Monetary Fund's executive board on Monday approved a $3 billion four-year extended financing arrangement for Sri Lanka, paving the way for immediate disbursement of about $333 million to the cash-strapped country.

Reuters

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

Cardiff's The Coconut Tree is taking part in a 'power out night' as nine restaurants to go candlelit for charity

Wales Online

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New Zealand triumphs in windy Wellington to sweep Sri Lanka series

New Zealand has completed an innings and 58-run victory over Sri Lanka in the second Test in blustery Wellington to sweep the series 2-0 as the South

The New Daily

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

Cricket: India qualifies for World Test Championship final, to take on Australia at Oval

India has qualified for the World Test Championship as New Zealand defeated Sri Lanka in one of the instant classics. Read further on Dynamite News:

Dynamite News

Khawaja keeps calm and carries on batting in dramatic turn of fortunes

The Australian opener once averaged 14.62 in Asia but his first Test century in India confirms his status as the team’s most important sub-continent batsman

The Guardian - AU

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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

Microfinance promises women a future instead it traps them in debt

Micro loans promised Sri Lankan and Cambodian women affected by war a way out of poverty as they rebuilt their lives. Instead the loans trapped them in debt.

360info

Sri Lanka raises rates, relaxes currency band to secure IMF funds

The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.

Al Jazeera

Soul & Surf Sri Lanka: ‘Never have I found such a pleasing antidote to London’s harsh winters’

Patient instructors teach you how to ride the waves and, away from the sea, there are walks, delicious food, yoga classes. Kate Lough logs off and tunes into the power of slowing down

Evening Standard

Half of Sri Lanka families reducing children food intake: Charity

Government and global community must act to prevent children from ‘becoming a lost generation’, warns Save the Children.

Al Jazeera

Bangladesh Reassesses Its Belt and Road Initiative Strategy With China as the US Offers a New Alternative

The economic troubles faced by Pakistan and Sri Lanka have prompted Bangladesh to reassess its involvement in BRI-related infrastructure projects.

The News Lens

New Zealand vs England and the closest finishes in Test match history

Neil Wagner removed James Anderson to secure a thrilling victory

The Independent UK

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The Independent UK

Looking back at other close finishes in Test match history

Neil Wagner removed James Anderson to secure a thrilling victory.

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

360info

How Sri Lanka sleepwalked over a debt cliff

The issues that led Sri Lanka to become an economic basket case in 2022 serve as a warning for other nations.

360info

Creditors, politicians and 'morons': who's really caught in the government debt trap?

When nations get caught in spiralling debt, it’s future generations who will end up paying the price.

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360info

A potential debt trap in Nepal

If the government of Nepal is not too careful with debt diplomacy, it might face a similar fate to Sri Lanka and Pakistan.

360info

How to end the deadly government debt spiral

COVID-19 triggered a massive increase in government debt, mainly in low-income countries. But it would be economically wrong to put all the blame on COVID.

AAP

Curfew removed for Sri Lankan cricketer on rape charges

Sri Lankan cricketer Danushka Gunathilaka, on bail facing charges of sexual intercourse without consent, can again use WhatsApp and not be subject to a curfew.

France 24

Has Russia's economy withstood Western sanctions?

Vladimir Putin claims the Russian economy has withstood Western sanctions, as he prepares to mark one year since the invasion of Ukraine. While Russia's GDP has contracted less than many analysts expected, Beata Javorcik of the EBRD explains that's largely the result of years of "sanctions-proofing", and doesn't mean that…

Bangkok Post

Should the brain be blamed for rebellious urge?

Why do people take part in insurrections, like the Jan 6, 2021 attack on the US Capitol, the storming of the presidential residence in Sri Lanka, or January's sacking of Congress, the Supreme Court, and the presidential palace in Brazil?

Reuters

Electricity bill increase pushes crisis weary Sri Lankans to the brink

The latest electricity price rise in crisis-hit Sri Lanka has left stall owner Mohammed Lafeel in a quandary: the 66% increase means he can't afford to pay for electricity but can't manage without it so goes deeper into debt to keep it on.

The Independent UK

Sri Lankan police disperse protesters demanding election

Sri Lankan police have fired tear gas and a water cannon at opposition supporters who marched in the capital demanding that the government hold next month’s local council elections as planned

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