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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 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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In late May, it approved a three-month, USD200mn currency swap with Sri Lanka to help ease Colombo’s foreign exchange woes. The move underscores its growing economic strength…
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DOI: 10.1108/OXAN-DB262788
ISSN: 2633-304X
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At least part of the support would be from the Fund’s new Resilience and Sustainability Trust (RST). Several media reports have described Dhaka’s move as a request for a bailout…
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DOI: 10.1108/OXAN-DB271902
ISSN: 2633-304X
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The visit was especially notable in light of the tough measures the United States adopted to promote democracy in Bangladesh ahead of the January general election, and…
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DOI: 10.1108/OXAN-DB285891
ISSN: 2633-304X
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Geographic
Topical
The pandemic has badly hit the economically important ready-made garments (RMG) sector, but there are signs that textile exports are picking up. The government targets GDP growth…