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Jul 10, 2022 · Following months of economic, political, and social turbulence in Sri Lanka, thousands of protesters stormed key government buildings in the capital Colombo on Saturday, including the official ...
Mar 29, 2023 · Sri Lanka now imports $3bn more than it exports every year, and that is why it ran out of foreign currency. At the end of 2019, Sri Lanka had $7.6bn in foreign currency reserves, which have ...
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May 10, 2022 · Explainer: government accused of mishandling economic crisis and overseeing rampant corruption. ... Thousands of people have been protesting on a daily basis, particularly in Colombo, where a vast ...
6 days ago · In this beautiful island nation of Sri Lanka, a shadow looms large, shaping much of the turmoil and instability that grips its society. This shadow is corruption, a pervasive issue that seeps through the layers of governance, eroding the trust between the people and their leaders, and undermining the foundations of social and economic development.
Apr 4, 2022 · Any future International Monetary Fund (IMF) program in Sri Lanka should protect the human rights of low-income people, and address corruption and entrenched obstacles to the rule of law, Human ...
Jul 12, 2022 · Japan, a major donor and creditor, has demurred, fearing corruption would cause its assistance to be misplaced. Corruption is a major concern among many other states as well, and this weekend’s ...
Sep 11, 2022 · Sri Lanka has faced its worst crisis after it defaulted on foreign loans, causing shortages of essentials like fuel, medicines and some food items. It has reached a preliminary agreement with the International Monetary Fund for a $2.9 billion package to be disbursed over four years.
