When Sri Lanka had an economic crisis in 2022, India had helped out by giving credit lines throughout 2022, that helped with fuel imports and other assistance. The economic crisis happened because of a small amount of federal exchange reserves. Recently, the new President of Sri Lanka had been working to get a $2.9 billion loan from the IMF (International… Read more »
COLOMBO: Sri Lanka’s toppled premier likened the president to Hitler on Tuesday (Dec 4) as he demanded to be reinstated, almost six weeks into a paralysing political crisis in the Indian Ocean nation. Ranil Wickremesinghe made the comments – his strongest yet directed at the head of state – at the prime minister’s official residence, which he has refused to vacate since his… Read more »
Sri Lanka’s supreme court has suspended the president’s controversial decision to dissolve parliament and MPs are planning to meet to decide between the two men claiming to be the country’s lawful prime minister. In a verdict hailed as one of the most important in Sri Lankan history, the court ruled on Tuesday evening to suspend the order by the president,… Read more »