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  1. The best apps download superpowers to your smartphone. The Verge covers the new and noteworthy Android apps, iPhone apps, and games, highlighting great design, impressive utility, and novel features.

  2. Mar 5, 2022 · A number of analyses indicate that Sri Lanka is on the verge of a sovereign debt default as the country’s usable foreign currency reserves plunged below $1 billion.

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  4. Feb 27, 2024 · Sri Lanka has been bailed out by the International Monetary Fund (IMF), a move that came after the country had record low reserves, leading to significant inflation and currency depreciation. One of the government’s biggest money losing enterprises is SriLankan Airlines, so the government has invited bids from companies to privatize the airline.

    • Debt Trap
    • Foreign-Currency Reserves Slip
    • Weak Currency
    • Rising Prices

    Sri Lanka has foreign-currency reserves of around USD two billion, while the total debt repayment target in the year 2022 is USD seven billion. Of this, USD 1 billion worth of bonds are maturing as early as July 2022. External debt in Sri Lanka has been on a steep rise since 2005. From USD 11.3 billion in 2005, it rose to USD 21.7 billion in 2010, ...

    The foreign reserves in Sri Lanka in 2018 were near USD ten billion. This nosedived to under USD two billion in 2021.

    On the other side, the Sri Lankan Rupee depreciated by more than 50 per cent against the US dollar this year alone. This means that Sri Lanka now has to shell out nearly Rs. 310 to buy a dollar now, compared to Rs. 200 in January. The Sri Lankan Rupee has depreciated against the Indian Rupee by 31.6 per cent, the Euro by 31.5 per cent, the pound st...

    Following the economic turbulence and a massive protest against the sudden hike in the prices of household items, especially food items, cabinet ministers and the central bank’s governor have quit their posts in Sri Lanka. The spillovers from a hollow economy have now started affecting the common people’s pockets. The retail price of rice in the la...

    • Samrat Sharma
    • DIU
  5. Apr 11, 2022 · 11 Apr 2022. Colombo, Sri Lanka – Doctors in Sri Lanka have warned that a catastrophic number of people could die as the crisis-hit country’s healthcare system teeters on the edge of...

  6. Apr 17, 2022 · BBC. Lady Ridgeway hospital is one of Sri Lanka's biggest healthcare facilities for children. Doctors across Sri Lanka say hospitals are running out of medicines and essential supplies as...

  7. May 26, 2022 · Sri Lanka is teetering on the verge of total collapse amid an unprecedented crisis triggered by years of economic mismanagement. On Friday, it defaulted on its debts for the first time – the ...

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