Sri Lanka to get IMF bailout amidst economic crisis
30 March 2023 |
11:05 am
Sri Lanka's financial woes have caused severe food and fuel shortages, runaway inflation, and prolonged blackouts. The resulting public outrage forced then-president Gotabaya Rajapaksa to flee the country and resign.
Related
17 Jul 2022
Amid the economic and political turmoil in Sri Lanka, experts say the country's Tamil minority, who paid a heavy price during the civil war, feel victimized all over again. Some are fleeing to Tamil Nadu in India.
15 Jul 2022
The speaker of Sri Lanka's parliament has said he accepted a letter of resignation from President Gotabaya Rajapaksa. PM Wickremesinghe has been sworn in as the interim president until lawmakers choose a new one.
18 Jul 2022
Sri Lankan lawmakers met to begin the process of choosing a new leader amid tightened security. They are set to hear nominations Tuesday to replace former President Gotabaya Rajapaksa, who resigned earlier this week.
23 Jul 2022
As Sri Lanka's protest movement reaches 100 days, the people proudly and defiantly said that their fight is not over. Indeed, in addition to political uncertainty, the country faces a long list of problems, with years of mismanagement coupled with external shocks. The coronavirus pandemic has battered the tourism industry, and the war in Ukraine has contributed to soaring inflation. On the ground, there are also long queues for food and fuel. For more, we speak to France 24's correspondent Navodita Kumari in Colombo.
24 Jul 2022
The new president will need to lead the island nation out of a deep political, economic and humanitarian crisis that toppled the previous leader. However, Wickremesinghe faces widespread public opposition.
28 Jul 2022
A bailout from the International Monetary Fund will be critical in stabilizing Sri Lanka's finances but critics say the Indian Ocean island needs to tackle food insecurity and political instability first.
22 Jul 2022
Sri Lankan armed forces have moved to dismantle the main camp set up by anti-government protesters in the Sri Lankan capital, Colombo. Hours later, an ally of the Rajapaksa family was tapped as prime minister
27 Jul 2022
Sri Lanka is still struggling with the scars of its civil war. The conflict broke out in 1983 pitting government forces against Tamil militants. The LTTE were fighting for an independent state for the minority Tamils. They were defeated in 2009, but at a huge human cost. Today, at least 20,000 people remain missing. We go to northern Sri Lanka, where survivors continue to look for their families.
28 Jul 2022
Economic instability has Indian investors and exporters worried about receiving payments. The Indian government is doing what it can to help keep essential goods moving.
28 Jul 2022
As unrest over the economic crisis continues, lawmakers have extended the executive's emergency powers. Meanwhile, Singapore extended former Sri Lankan President Gotabaya Rajapaksa's permission to stay.
21 Aug 2022
Sri Lanka has granted permission for the Chinese space-tracking vessel Yuan Wang 5 to dock at a port that China runs. The Hambantota port is the southernmost in Sri Lanka and has raised the concern of India.
29 Aug 2022
Double disappointment for Sri Lanka as the T20 cricket team is soundly beaten by Afghanistan, a month after losing hosting responsibilities of the Asia Cup tournament to the United Arab Emirates.
Latest
1 day ago
Find these stories and much more when you grab a copy of The Guardian on Thursday.
1 day ago
The number of wild mountain gorillas, who are at risk from humans, is increasing for the first time in years. This is thanks to the efforts of conservationists like Uganda's first-ever wildlife veterinarian, Gladys Kalema-Zikusoka, who says they are truly gentle giants. There are just over a thousand mountain gorillas left, mostly high in the mountains in Uganda, Rwanda and the Democratic Republic of Congo. Kalema-Zikusoka has also written a book, "Walking with Gorillas", charting her life from young enthusiast to wildlife campaigner.
1 day ago
Brazilian nurses make more money working in Germany, but are afforded less responsibility and recognition than at home. Three women spoke with DW about their experiences.
1 day ago
Critics of Laos' repressive one-party state, both in the country and in exile in Thailand, have been targeted in a recent series of arrests and attacks.
1 day ago
Civilians living downstream of the dam have been urged to evacuate in the face of catastrophic flooding.
