Tuesday, December 2, 2025
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Global institutions needs to play an active role in restructuring the debt of developing countries

Chinese Foreign Minister Qin Gang called on global financial institutions on Thursday to play an active role in restructuring the debt of developing countries. China,...

Sri Lanka bankrupt until 2026

Sri Lanka‘s government said on 28 February it was banning strikes in several key sectors as its economic crisis continues. The move comes a day ahead...

UK, EU hail ‘new chapter’ with deal to fix Brexit trade spat

The U.K. and the European Union sealed a deal on Monday to resolve their thorny post-Brexit trade dispute over Northern Ireland, hailing the agreement...

500,000 Sri Lankans lost their jobs in 2022 – WB

At least half a million people in Sri Lanka lost their jobs in 2022, majority of them being employed women and those in the...

World Bank to provide Sri Lanka with $400 million

The International Finance Corporation (IFC), the World Bank's investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to...

Bay Off Southern Greece Becomes Cog in Russia’s Oil Supply Chain

Millions of barrels of Russian crude and fuels have been switched between tankers just a few miles off the coast of Greece, one of...

Debt resolution: IMF statement related to Sri Lanka

International Monetary Fund Managing Director Kristalina Georgieva made the following statement today at the first meeting of the G20 Finance Ministers and Central Bank...

IMF flags debt restructuring hurdles for distressed economies

There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of...

Sri Lanka forex down to USD 500 million

Sri Lanka's foreign exchange reserves plummeting to USD 500 million, the March 9 local elections have been postponed due to lack of funds. The...

India Should Demand a Restoration of Tamil Sovereignty in Sri Lanka instead of Reinstalling the LTTE” – US Tamils

Tamils for Biden made the following press statement in response to recent rumors that a prominent Tamil Tiger leader, believed dead since 2009, was...

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