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Wednesday, April 24, 2024

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Economic Crisis

Indian Ocean Region

Sri Lanka: President Gotabaya Rajapaksa On The Run, His Residence Stormed By Protesters

Staff -
Tens of thousands of anti-government protesters stormed the residence of Sri Lankan President Gotabaya Rajapaksa on Saturday, forcing him to flee before they arrived....
Indian Ocean Region

Bankrupt Sri Lanka Hikes Taxes To Boost Revenue

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Sri Lanka’s cash-strapped government announced on Tuesday massive, all-encompassing tax hikes in order to boost revenue. The announcement came as Sri Lanka is facing...
Indian Ocean Region

Sri Lankan Envoy Meets Indian NSA; Seeks Assistance In Global Support For Economic Recovery

Staff -
Sri Lanka’s High Commissioner to India, Milinda Moragoda, met with Indian National Security Advisor (NSA) Ajit Doval on Thursday in Delhi. The Sri Lankan...
Indian Ocean Region

Sri Lanka Has Been Rocked By A Bout Of Violence; Government Ordering Troops To Shoot Looters On Sight

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There have been violent scenes in Sri Lanka, with mobs targeting the homes of prominent political figures including the ruling Rajapaksa family. The two-month-old crisis in Sri Lanka deepened...
Indian Ocean Region

Sri Lanka Under State Of Emergency Again Amid Massive Economic Crisis

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Yesterday, Sri Lanka's President Gotabaya Rajapaksa has declared a state of emergency from midnight amid protests against a massive economic crisis that has crippled...
World

Amit Bakhirta: Lessons From Sri Lanka: “Mistakes Are Priceless, If We Learn From Them…”

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The day of reckoning After years of gravitas, Sri Lanka now finds itself in a deep socio-economic crisis, after years of unbalanced fiscal and monetary...
Global

Caught In A Strategic Debt Trap, Sri Lanka Faces Its Worst Economic Crisis In Decades

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China did not yet accede to a Sri Lankan request for a $2.5 billion credit line or a restructuring of its overall debt. About...
Indian Ocean Region

Sri Lanka: Cabinet Resigns As Protesters Defy Curfew

Staff -
Sri Lanka's cabinet ministers have resigned en masse after protests over the government's handling of the worst economic crisis in decades. All 26 ministers submitted...
World

Sri Lanka Imposes State Of Emergency As Economic Crisis Worsens

Staff -
Sri Lankan President Gotabaya Rajapaksa has declared a public emergency amidst a spate of protests over the worst economic crisis in the country. Rajapaksa...
Global

Ukraine Conflict: Price Shocks To Be Felt Worldwide Said IMF

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Energy and commodity prices-including wheat and other grains-have surged due to the war in Ukraine, adding to inflationary pressures from supply chain disruptions and...
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