Por: ABC News World July 22, 2023
COLOMBO, Sri Lanka -- Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year’s unprecedented economic crisis.Sri Lankan Foreign Minister Ali Sabry said Saturday the move to allow the use of its giant neighbor's currency would enable “tourists and other people from India to directly use... + full article
ABC News USA World July 22, 2023
COLOMBO, Sri Lanka -- Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year’s unprecedented economic crisis.Sri Lankan Foreign... + más
China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka | Associated Press
Crisis-hit Sri Lanka may allow Indian rupee to be used in local transactions | ABC News
ABC News USA Business June 29, 2023
COLOMBO, Sri Lanka -- Sri Lanka will spare banks from being part of its local debt restructuring plan because of the possible impact on deposits, while the bulk of the burden will be shared by the Central Bank and superannuation funds, officials said Thursday.Sri Lanka's... + más
India backs Sri Lanka to secure IMF bailout plan amid crisis | Associated Press
Associated Press USA 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... + más
IMF to assess Sri Lankan governance as part of $3B bailout | Associated Press
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
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
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
Forbes USA Business January 05, 2023
Although the e-rupee was launched with much fanfare, adoption has been somewhat subdued. SOPA Images/LightRocket via Getty Images India launched its long-awaited CBDC pilot in early November – wholesale – and early December – retail – with much fanfare. Nine banks are... + más
Cryptocurrencies could cause the next financial crisis, Indian central bank head warns | CNBC
Empire State Building will go green for Eagles again if Philly wins Super Bowl | New York Post
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