Hostilities hit export of shawls to Europe, US
The economic crisis, escalating cost of living in Europe and the Russia-Ukraine war have hit the export of woollen apparel, including shawls and stoles,…
Economic crisis
Sri Lanka’s Budget Navigates Challenging Economic Crisis
London, (16/11 – 57) Sri Lanka President Ranil Wickremesinghe has laid out the bankrupt country’s budget for 2024, drawing mixed reviews as he strives…
President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka
Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic…
Sri Lanka Remains in Economic Crisis, Impinges Human Rights
London (15/11 – 67) The streets in Colombo, Sri Lanka, erupted into celebration on July 13, 2022 after weeks of peaceful protests forced then-President Gotabaya Rajapaksa…
Sri Lanka Court Found Ex-President Contributed to Economic Crisis
London (15/11 – 67) Colombo Supreme Court rules that former President Gotabaya Rajapaksa and his brother, former Prime Minister Mahinda, were among several government…
Sri Lanka’s Worst Economic Crisis In Decades
Rome (16/11 – 57) Sri Lanka is mired in a deep political and economic crisis and the country’s then President Rajapaksa has flown out of the country, days after a huge crowd of…