Sri Lanka is - I mean, we should not have come to this level. WONG: Earlier this month, Sri Lanka stopped foreign debt payments. This is the first time in the country's history as an independent ...

Sri Lankans faced 10-hour power cuts on Wednesday and warnings of longer blackouts on Thursday, as a deepening economic crisis roiled markets and the electricity regulator urged more than a ...

Sri Lanka raised electricity prices by 66% on Thursday, in a move the government hopes will persuade the International Monetary Fund to provide a bailout for its crisis stricken economy.

Last week, U.S. President Donald Trump wrote to his Sri Lankan counterpart, Anura Kumara Dissanayake, informing him that the United States will impose a 30 percent tariff on all Sri Lankan exports ...

F or sri lanka’s politicians September 27th was meant to be the light at the end of the tunnel. After more than a year of economic free fall—in which the former president fled protests, gdp ...

Sri Lanka defaulted on its debt last spring, and it is now in discussions with the International Monetary Fund over a bailout package that could inject $2.9 billion in much-needed cash into its ...

Sri Lanka's annual inflation rate surged to more than 70% in August as it struggles with its worst economic crisis in over seven decades. Official data also showed food prices rose by 84.6% ...

Sri Lanka fell into an unprecedented crisis as a result of a series of shocks and policy missteps. Debt rose to unsustainable levels resulting from large fiscal imbalances, and access to international ...