Sri Lanka economy ‘has collapsed,’ creating food and fuel shortages, leader says. Women wait in line to buy kerosene in Colombo, Sri Lanka, on June 11.

COLOMBO, Sri Lanka — Sri Lanka’s prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel.

For weeks, Sri Lanka has been battling its worst economic crisis since the island nation gained independence in 1948, leaving food, fuel, gas and medicine in short supply, and sending the cost of ...

Sri Lanka will continue talks with Washington for further reduction in tariffs, after US President Donald Trump imposed a ...

Sri Lanka's economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on ...

Sri Lanka’s economic crisis is driving millions of people into poverty, jeopardizing their rights to health, education, and an adequate standard of living.

The Minister of Education, Higher Education, and Vocational Education, Prime Minister Dr. Harini Amarasuriya stated that despite the fact that societal tendencies give priority to the monetary value, ...

Sri Lanka's year-on-year economic expansion in the third quarter of 2023 was 1.6% and in the fourth quarter 4.5%, the IMF said. IMF TO MEET WITH PAKISTANI GOVERNMENT, ...

transcript. How Sri Lanka’s Economy Collapsed Amid food and fuel shortages, a protest movement has pushed for the resignation of the president and others tied to his family’s political dynasty.

Sri Lanka's prime minister said late last month that the island nation's debt-laden economy had "collapsed" as it runs out of money to pay for food and fuel. Short of cash to pay for imports of ...

COLOMBO, SRI LANKA — Sri Lanka's prime minister said late last month that the island nation's debt-laden economy had "collapsed" as it runs out of money to pay for food and fuel.

Sri Lanka’s departing prime minister says the island nation’s debt-laden economy has “collapsed” as it runs out of money to pay for food and fuel.