Tuesday, Sep 27, 2022

Island Nation


IMF To Provide USD 2.9 Billion To Crisis-Hit Sri Lanka

International Monetary Fund (IMF) has announced that it will provide Sri Lanka a loan of about USD 2.9 billion over a four-year period to help the island nation overcome the unprecedented economic turmoil.

04 September 2022

Sri Lanka Fuel Crisis To Worsen With No Indications On Sustenance Of Future Supplies

Sri Lanka’s fuel purchases have been totally dependent on the ILC(Indian Line of Credit) - a USD 500 million credit line initially which was supplemented with another USD 200 million later.

Sri Lanka Fuel Prices Rise Amidst Island Nation's Worst Economic Crisis

Sri Lanka’s state run Ceylon Petroleum Corporation's (CPC) has fixed new price of 92 octane petrol at Rs 338 per litre, which is an increase of Rs 84 and now matches the per litre price of Lankan Indian oil company (LIOC).

Indian Delegation To Assess Economic Conditions In Crisis-Hit Sri Lanka

The visit of Indian delegation is consequent to the meetings held by Sri Lankan envoy in New Delhi Milinda Moragoda with External Affairs Minister S Jaishankar and Finance Minister Nirmala Sitharaman on June 20.

22 June 2022

Sri Lankan Families Continue To Swarm India From Crisis Hit Island Nation

Sri Lanka is grappling with unprecedented economic turmoil since its independence from Britain in 1948, and has been witnessing large-scale protests against the government's handling of the debt-ridden economy.

Sri Lanka Rations Fuel As Country Faces Its Worst Financial Crisis

Limit is Rs 1,000 for two-wheelers per visit to fuel pump, Rs 1,500 for three-wheelers, Rs 5,000 for four-wheelers. Buses, lorries and commercial vehicles are exempted.

15 April 2022

Sri Lankan PM Ranil Wickremesinghe To Present Roadmap For Economic Crisis Recovery

Sri Lankan PM Ranil Wickremesinghe has said that the roadmap will be finalised after taking proposals and suggestions from MPs whom he met on Wednesday to discuss the country’s worst economic crisis.

17 June 2022