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SRI LANKA: Debt deals will help greatly
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DOI: 10.1108/OXAN-ES287967
ISSN: 2633-304X
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According to the constitution, the poll must take place in September-October. The JVP was formed as a Marxist-Leninist party. Recent opinion polling suggests Dissanayake would be…
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DOI: 10.1108/OXAN-DB286768
ISSN: 2633-304X
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According to the constitution, the presidential contest must take place in September-October, but parliamentary elections are not due until 2025. President Ranil Wickremesinghe…
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DOI: 10.1108/OXAN-DB285553
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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Sri Lanka’s foreign exchange (forex) reserves fell to USD1.6bn at end-November, enough to finance only about one month’s imports. Colombo has in recent years relied on…
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DOI: 10.1108/OXAN-DB266266
ISSN: 2633-304X
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The government nevertheless remains under pressure from domestic critics and external stakeholders because of dwindling foreign exchange (forex) reserves and a growing debt…
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DOI: 10.1108/OXAN-DB263250
ISSN: 2633-304X
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Sri Lanka’s finance ministry responded sharply, describing the move as “hasty” and “erroneous”. Colombo has recently borrowed from its regional partners Delhi and Beijing to help…
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DOI: 10.1108/OXAN-DB257154
ISSN: 2633-304X
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With the support of the SLPP’s allies, the Rajapaksa administration now commands a two-thirds parliamentary majority, which is enough to make constitutional changes. The…
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DOI: 10.1108/OXAN-DB254584
ISSN: 2633-304X
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Prime Minister Ranil Wickremesinghe, only appointed in May, has also said he will quit. Wickremesinghe has played a key role in talks with the IMF over a desperately needed…
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DOI: 10.1108/OXAN-DB271412
ISSN: 2633-304X
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SRI LANKA: Market may be overstating default risk