Sri Lanka’s street protests over soaring inflation and lengthy power cuts have shaken President Gotabaya Rajapaksa’s hold on power, with government ministers resigning while the opposition called for fresh elections in the South Asian nation. The political turmoil is complicating efforts to manage the island’s foreign exchange crisis and secure more funds to keep its tourism-reliant economy running, having already been hit hard by the Covid-19 pandemic.
Similar Stories to How Sri Lanka Landed In A Crisis And What It Means on Bing News
By Niluksi Koswanage | Bloomberg, Washington Post: Business
Mon, 04/04/2022 - 5:21am
BING NEWS:
- Fitch raises Sri Lanka rating after creditor nod to $12.55 bln debt overhaul
Credit ratings agency Fitch on Friday upgraded Sri Lanka's long-term foreign-currency default rating to 'CCC+' from 'restricted default' (RD) following approval by creditors of the country's $12.55 ...
12/20/2024 - 4:23 am | View Link - The $80 million question: Can bond reward force Sri Lanka to improve governance?
Investors burned by Sri Lanka's $12.5 billion debt default are using the subsequent years-long restructuring to try to force the island nation's leaders to better manage the country.
12/16/2024 - 5:47 pm | View Link - Sri Lanka hails India's support in economic recovery, debt restructuring; calls for "durable solution" to fishermen's issue
Sri Lankan President Anura Kumara Dissanayake expressed gratitude to the Indian government for its support during their economic crisis and subsequent recovery ...
12/15/2024 - 10:27 pm | View Link - Sri Lanka's president holds talks with Modi in India in first overseas visit
Sri Lankan President Anura Kumara Dissanayake was hosted by Indian Prime Minister Narendra Modi in his first overseas visit since assuming office that focused on shoring up ties as concerns grew over ...
12/15/2024 - 8:50 pm | View Link - Fury as Labour accused of opening ‘backdoor’ migrant route after 60 Sri Lankans land on remote British territory
THE Government has been accused of opening a “backdoor” migrant route after welcoming 60 who landed on a remote British territory. The Tamil asylum seekers have been stranded on the Diego Garcia ...
12/4/2024 - 8:42 am | View Link - More
Welcome to Wopular
Wopular is an
online newspaper rack,
giving you a summary view of the top headlines from the top news sites.
Senh Duong (Founder)
Wopular,
MWB,
RottenTomatoes
MoviesWithButter : Our Sister Site
- "Expendables 4" Starts Shooting This Fall, Says Randy Couture at the Arnold Sports Festival more
- “Expendables 4” Gets Funding Interest from “Ip Man 3” Financier more
- "Ip Man 3" Distributor Suspected of Box Office Fraud, Parent Company Loses $200M in Market Cap more
- Yen Targets "Ip Man 4" for 2018 Release; Discusses Film with Director, Producer more
- "Ip Man 3" Shatters Expectations with $72M Opening [China Box Office] more