Persistent deficits made it difficult for Sri Lanka to meet its debt obligations, and the COVID-19 pandemic worsened the nation’s economic outlook. Sri Lanka is an island nation in the Indian Ocean ...

COLOMBO, Sri Lanka (AP) — 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 ...

Sri Lanka is in the midst of a financial and energy crisis, with high inflation and fuel shortages caused by poor economic management and the Covid-19 pandemic. To manage these issues, the government ...

After successfully riding out the first few waves of COVID-19, Sri Lanka approached 2021 with cautious optimism about the future as global economies began opening up and worldwide trade links were ...

Many factors, including poor decision-making on fiscal policy initiatives and economic management, led to Sri Lanka’s economic collapse. Eventually, the country’s government resorted to asking for ...

By bno - Mark Buckton - Taipei Sri Lanka’s recovery over the past year reads like a narrow escape rendered into a cautious, ...

Hundreds of Sri Lankan protestors recently took to the streets, frustrated with the South Asian country's worst economic crisis in seven decades. As a resident of Sri Lanka's capital, Colombo, it is ...

Sri Lanka, an island of 22 million people, continues to be in the grip of its worst economic and political crisis since independence on 10 February 1948. Since April there have been protests against ...

Sri Lanka has warned its citizens against using cryptocurrency, which it said is “largely unregulated” amid an ongoing political chaos in the South Asian nation. The country’s central bank, CBSL, said ...

COLOMBO, Sri Lanka (AP) — 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 ...