Sri Lanka temporarily suspends servicing USD 51 billion foreign debt payments

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Amid the economic crisis in the country, the Sri Lanka government has temporarily suspended the payment of its...

Jaishankar likely to visit Sri Lanka next week

Jan 14, 2023

"India's Foreign Minister will be arriving in Sri Lanka next week. India is in debt restructuring discussions," Sri Lankan President Ranil Wickremesinghe said while...

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.

Sri Lanka succumbs to China's debt-trap diplomacy: Report

Apr 12, 2022

Colombo [Sri Lanka], April 12 : Sri Lanka, a thriving island country with a population of 22 million, has succumbed to China's debt-trap diplomacy...

Foreign debt payments default will put pressure on banking sector: Sri Lanka's ex-PM Wickremesinghe

Apr 13, 2022

Colombo [Sri Lanka], April 13 : Reacting to the Sri Lanka government's temporary suspension of payment of all foreign debts, former Prime Minister Ranil...