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Services including healthcare, entertainment and travel flourished while the share of housing in overall consumption fell, reflecting property-market troubles. Markedly lower…
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DOI: 10.1108/OXAN-DB285173
ISSN: 2633-304X
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It is only an interim budget because a general election is set to take place soon, most likely in April-May. The budget surprised many observers because of its lack of…
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DOI: 10.1108/OXAN-DB285189
ISSN: 2633-304X
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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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President Ranil Wickremesinghe, who promised to deliver the amendment, assumed office in July amid a wave of protests that forced his predecessor Gotabaya Rajapaksa to resign. As…
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DOI: 10.1108/OXAN-DB273767
ISSN: 2633-304X
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The government projects a narrower fiscal deficit. The budget will be the last for a full fiscal year before the 2024 general election, when Prime Minister Narendra Modi’s…
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DOI: 10.1108/OXAN-DB275818
ISSN: 2633-304X
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Trump on March 16 ordered social distancing and many businesses’ closure for 15 days, to slow COVID-19’s spread and avoid overwhelming hospitals. Transport, tourism, leisure…
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DOI: 10.1108/OXAN-DB251565
ISSN: 2633-304X
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Solih’s government has departed from the pro-China diplomacy which Yameen pursued, reverting to the country’s long-standing ‘India First’ policy. Indian Foreign Minister S…