Por: Associated Press Politics June 02, 2023
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday.The Indian Ocean island nation declared bankruptcy in April 2022 and said it was suspending repayment of its foreign debt. It reached an agreement with the IMF in March on a nearly $3 billion bailout program over four years.“Sri... + full article
Associated Press USA Business May 22, 2023
COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter into the South Asian island country’s retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval.The contract... + más
India backs Sri Lanka to secure IMF bailout plan amid crisis | Associated Press
IMF to assess Sri Lankan governance as part of $3B bailout | Associated Press
CNBC USA Business March 21, 2023
A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Arun Sankar Afp Getty ImagesThe International Monetary Fund... + más
Associated Press USA Business March 21, 2023
COLOMBO, Sri Lanka (AP) — The International Monetary Fund said Tuesday it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program. The IMF executive board approved a nearly $3 billion bailout plan... + más
IMF is bullish Sri Lanka's crisis-stricken economy will recover as country gets bailout | CNBC
ABC News USA Business February 15, 2023
BEIJING -- China expressed support for Sri Lanka ahead of a meeting Friday of government lenders to poor economies but did not say if it might help to cut multibillion-dollar debts that have plunged the Indian Ocean island nation into financial and political turmoil.Beijing is... + más
China expresses support for Sri Lanka ahead of debt meeting | ABC News
ABC News USA World February 15, 2023
Associated Press USA Politics January 20, 2023
COLOMBO, Sri Lanka (AP) — India’s foreign minister said Friday his country has given financial assurances to the International Monetary Fund to facilitate a bailout plan to help neighboring Sri Lanka emerge from its worst economic crisis, in a first formal announcement from... + más
Sri Lanka rallies with a big win; Netherlands beats Namibia | Associated Press
Sri Lanka's government cuts expenses as economy tanks | Associated Press
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