Page 19 - Sri Lanka

Crisis-hit Sri Lanka in talks with India for another $1.5-bn credit line

The country of 22 million people is struggling to pay for essential imports after a 70% drop in foreign exchange reserves in two years led to a currency devaluation

Sri Lanka seeks additional $1-bn credit line from India: Report

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel after a 70% drop in foreign exchange reserves since January 2020

S Jaishankar visits Lanka IOC to take stock of fuel supply situation

EAM S Jaishankar visited Lanka IOC, the local subsidiary of India's oil major Indian Oil Corporation here and took stock of the island nation's fuel supply situation

Jaishankar discusses economic situation, India's support with Sri Lankan FM

EAM S Jaishankar met Sri Lanka's Finance Minister Basil Rajapaksa and discussed with him the island nation's economic situation and India's support during its current foreign exchange crisis.

Jaishankar arrives in Lanka to hold bilateral talks, attend BIMSTEC summit

External Affairs Minister S Jaishankar arrived here on Sunday to hold bilateral talks with Sri Lanka's top leadership and attend the seven-nation BIMSTEC summit.

Amid deepening financial crisis, EAM Jaishankar to visit Sri Lanka

In a series of financial and humanitarian assistance by India, on March 18, $1 billion credit facility was extended to Sri Lanka as a "short term concessional loan facility"

EAM to visit Sri Lanka next week for bilateral talks, BIMSTEC engagements

The summit is being hosted by Sri Lanka in its capacity as the chair of the seven-nation grouping BIMSTEC (Bay of Bengal Initiative for Multi-Sectoral Technical and Economic Cooperation)

Sri Lanka facing 'solvency' issues due to unsustainable debt levels: IMF

A summary of the IMF report released earlier in the month said Sri Lanka faced unsustainable debt levels and needed a 'credible and coherent' strategy to restore stability

EAM S Jaishankar begins five-day visit to Maldives and Sri Lanka

External Affairs Minister S Jaishankar embarked on a five-day visit to the Maldives and Sri Lanka on Saturday to explore the possibilities of further expansion of bilateral engagement

EAM Jaishankar on 4-day visit to Maldives and Sri Lanka starting today

Jaishankar will be visiting the Addu city in the Maldives, during which he will call on President Ibrahim Mohamed Solih and hold discussions with his Maldivian counterpart Abdulla Shahid

Lankan papers run out of newsprint due to forex crisis; suspend publication

Sri Lanka is facing its all-time worst foreign exchange crisis after the pandemic hit the nation's earnings from tourism and remittances

India taking up issue of 16 detained Tamil Nadu fishermen at highest level

Several MPs from Tamil Nadu have raised the issue, as the detained fishermen were from that state, and sought the government's intervention for their early release and repatriation

Faltering Sri Lanka holds strategic importance for India, shows data

The share in India's total exports declined from 2.16 per cent in FY15 to just 1.3 per cent in the first 10 months of the current financial year.

Banking system stable, says Sri Lanka as $1.4-bn bonds near maturity date

Sri Lanka faces an economic crisis as it struggles to pay for essential imports of food and fuel

'Have to eat half': Sri Lankans feel pain of spiralling economic crisis

Thusitha Hadaragama stood at a corner store near his home in Sri Lanka's Minuwangoda town this week and surveyed groceries to buy for his family of five, including two school-age children

Sri Lankan Navy arrests 16 Indian fishermen from Tamil Nadu

The Sri Lankan Navy on Thursday arrested 16 Indian fishermen from Tamil Nadu for alleged violation of its maritime boundary, officials said.

Sri Lanka reforms its anti-terror law as EU reviews trade scheme

Vote on anti-terror law followed an EU Parliament resolution last year that called for a preferential trade scheme with Sri Lanka to be used as leverage for rights reforms in the South Asian nation

16 refugees land in Tamil Nadu as economic crisis hits Sri Lanka

Police sources told IANS that the refugees would be produced before a court in Ramanathapuram on Wednesday

Sri Lanka reforms anti-terror law as European Union reviews trade scheme

Sri Lankan lawmakers on Tuesday approved reforms to a harsh anti-terror law that rights groups have long criticized, as the country looks to shore up its trade relations with the European Union

Sri Lanka sends troops to fuel stations, aims to restructure its debt

The country will also hire a global law firm to provide technical assistance on debt restructuring ahead of talks with the International Monetary Fund on the country's economic crisis