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Sri Lanka to use budget to meet some IMF pledges as polls near

Sri Lanka is likely to raise taxes and curb spending in its annual budget to meet the International Monetary Fund’s conditions and maintain a $3 billion bailout, but elections next year might see the government delay some reforms. | Latest News from Sri Lanka - November 13, 2023

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KKR-Backed Indian Firm Tapping Modi s Drive to Green Industries

Serentica Renewables India Pvt Ltd., a clean-energy startup backed by KKR & Co., wants to tap Indian industry’s decarbonization drive.

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In pictures: How protesters stormed and occupied Sri Lanka s presidential palace

In pictures: How protesters stormed and occupied Sri Lanka s presidential palace
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How a powerful dynasty bankrupted Sri Lanka in 30 months

After Rajapaksa won 2019 elections, a mix of sweeping tax cuts and ill-thought-out policies have eroded nation’s cash.

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Oncoming train crash: Hunger and blackouts mark start of an emerging economy crisis

By Shawn Donnan, Eric Martin, Andrew Rosati & Jihen Laghmari | Bloomberg News A BARRAGE of shocks is building that’s unlike anything emerging markets have had to confront since the 1990s, when a series of rolling crises sank economies and toppled governments. Turmoil triggered by rising food and energy prices…

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