INSUBCONTINENT EXCLUSIVE:
Sri Lanka is looking to fast-track talks with the International Monetary Fund and agree on a loan by mid-June so that it can then approach
post a primary surplus of 1% of gross domestic product by 2025, Prime Minister Ranil Wickremesinghe said in an interview at his office in
from the multilateral lender and creditors including China and Japan, to help pay for food and fuel
Easing the shortages could be the first step to soothe public anger that has stoked inflation to almost 40% and triggered protests seeking
Chamorro, co-head of emerging-market hard-currency debt at Pictet Asset Management, which holds Sri Lankan bonds
straight session on Wednesday to 37.8 cents, lingering deep in distress
The extra yield investors demand to hold the sovereign debt over US Treasuries was more than 39 percentage points, according to JPMorgan
data.Wickremesinghe -- who took on the additional role of finance minister on Wednesday -- forecast that the economy will shrink 4% this
People are without employment
continue, Wickremesinghe is also trying to contain anger against Rajapaksa
Lanka has already raised questions about the extent to which the amendments will scale back the sweeping powers that President Rajapaksa
Rajapaksa, who quit on May 9 after violence erupted across the country
This article first appeared/also appeared in https://adaderana.lk
