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1 – 10 of 19According to the constitution, the next presidential election must take place in September-October 2024, but parliamentary polls are not due until 2025. Wickremesinghe is heavily…
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DOI: 10.1108/OXAN-DB284210
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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He replaces Miftah Ismail, who played a key role in ensuring that Pakistan got its bailout programme with the IMF back on track after a hold-up. Dar faces a tough challenge to…
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DOI: 10.1108/OXAN-DB273131
ISSN: 2633-304X
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A violent clampdown on the opposition and civil society groups in January and February prompted the US government to renew sanctions, while the UK government has put cooperation…
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DOI: 10.1108/OXAN-DB242610
ISSN: 2633-304X
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These shocks will sustain already heightened reform pressures on the government during a period of diminishing public revenue. Security crises across various states and regions…
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DOI: 10.1108/OXAN-DB257599
ISSN: 2633-304X
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SRI LANKA: Risks to banks will increase
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DOI: 10.1108/OXAN-ES268335
ISSN: 2633-304X
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Some observers have raised doubts about the solvency of Sri Lanka's banks amid the country's deepening foreign exchange (forex) crisis. Forex reserves stood at USD2.3bn at…
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DOI: 10.1108/OXAN-DB268315
ISSN: 2633-304X
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Meanwhile, GDP is projected by the Reserve Bank of India (RBI) to grow by 9.5% in the fiscal year ending March, rebounding from its 7.3% contraction in 2020/21. Economic goals…
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DOI: 10.1108/OXAN-DB265259
ISSN: 2633-304X
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The government is facing increasingly bitter schisms within the ruling United Socialist Party of Venezuela (PSUV) as it goes into a presidential election year. The holiday period…