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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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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 country is struggling with a widening current account deficit and debt problems associated with mega investment projects. The National Unity Government (NUG) signed a free…