World Bank says Sri Lanka's economic outlook uncertain, needs urgent policy measures

Apr 14, 2022

Colombo [Sri Lanka], April 14 : Sri Lanka needs urgent policy measures to address its high levels of debt and debt service, reduce the...

Sri Lanka, Pakistan, Maldives stand neck-deep in Chinese debt: Forbes

Sep 12, 2022

Colombo [Sri Lanka], September 12 : Sri Lanka, Pakistan and Maldives are among the biggest debtors of China. Pakistan owes USD 77.3 billion of...

Sri Lanka declares state of emergency amid protest over economic crisis

May 06, 2022

Colombo [Sri Lanka], May 7 : The crisis-hit Sri Lanka on Friday declared a state of emergency after the crippling strike and protest over...

Restructuring of Sri Lanka's domestic debt not on top priority: Central Bank Governor

Apr 29, 2022

Colombo [Sri Lanka], April 29 : Sri Lanka's central bank governor has said domestic debt in the form of government securities and development bonds...

Sri Lanka caught in a 'strategic debt trap'

Apr 04, 2022

Colombo [Sri Lanka], April 5 : Sri Lanka, a flourishing island nation of 22 million, has finally fallen to China's debt-trap diplomacy.

Sri Lanka: Nation's economic meltdown uncovers Chinese 'debt-trap' policy

May 14, 2022

Colombo [Sri Lanka], May 14 : China offered debt-stricken Sri Lanka more loans to overcome its economic distress amid rising protests in the country.