Sri Lanka’s Parliament approves IMF bailout package

Sri Lanka’s Parliament approves IMF bailout package

[ad_1] Colombo: Sri Lanka’s Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island’s economy which was hit hard by a catastrophic economic and humanitarian crisis sparked by years of mismanagement and the raging pandemic. Last month, the International Monetary Fund (IMF) approved the bailout programme to help Sri … Read more

Sri Lanka’s ex-AG summoned over 2019 Easter Sunday attacks

Sri Lanka’s ex-AG summoned over 2019 Easter Sunday attacks

[ad_1] Colombo: Sri Lanka’s former Attorney General (AG), who claimed that there was a ‘grand conspiracy’ behind the 2019 Easter Sunday attacks, has been summoned to the police special investigation unit to record a statement. Ex-Attorney General Dappula de Livera has been summoned to the Terrorist Investigation Department (TID) to appear on Wednesday following a … Read more

Sri Lanka’s inflation drops further to 50.3% amid economic crisis

Sri Lanka’s inflation drops further to 50.3% amid economic crisis

[ad_1] Colombo: Sri Lanka’s inflation decreased to 50.3 per cent in March from 50.6 per cent the previous month amid the ongoing economic crisis, official statistics revealed. The year-on-year inflation of the food group dropped to 47.6 per cent in March from 54.4 per cent in February, and inflation in the non-food group increased to … Read more

Sri Lanka’s only solution to economic crisis is turning to IMF, says Wickremesinghe

Sri Lanka’s only solution to economic crisis is turning to IMF, says Wickremesinghe

[ad_1] Colombo: Sri Lankan President Ranil Wickremesinghe on Tuesday emphasised that seeking the IMF bailout package was the only option available to the debt-ridden country to overcome the ongoing economic crisis. “When a country goes bankrupt, it has to go to the International Monetary Fund. Apart from that, there is no other organisation in the … Read more

Sri Lanka’s inflation drops to 54.2 percent in January

Sri Lanka’s inflation drops to 54.2 percent in January

[ad_1] Sri Lankan flag Colombo: Sri Lanka’s inflation decreased to 54.2 percent in January from 57.2 percent in December 2022, the country’s Department of Census and Statistics reported. Inflation of food dropped to 60.1 percent in January from 64.4 percent in December, the department said on Tuesday. Inflation in the non-food category decreased to 51 … Read more