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Sri Lankan President Vickermesinghe is powerless with empty coffers

IMF bail out discussions to be delayed causing more sufferings to people By Arun Kumar Shrivastav Even though no immediate solution seems to be in sight for millions of hungry people, Sri Lanka is fast becoming a strategic flashpoint. Earlier, there were talks about different world powers playing their roles in giving Gotabaya

Political Risks Still Challenge Sri Lanka s Emergence from Default: Fitch Ratings – Lanka Business Online

The successful formation of a government under the new president, Ranil Wickremesinghe, is an important precondition for resolving Sri Lanka’s debt default, but many challenges remain as the country seeks financing support from the IMF and debt restructuring from private and official bilateral credi

Sri Lanka s JKH profits soar driven by forex gains as soft-peg collapses

Sri Lanka s John Keells Holdings, which has interests in container terminals, consumer goods, financial services and property reported profits of 11.2 billion rupees in the June 2022 quarter helped by 10 billion rupees of exchange gains as a soft-peg with the US dollars collapsed.

World News | Political Risks Still Challenge Sri Lanka s Emergence from Default, Says Fitch

Get latest articles and stories on World at LatestLY. Political risks pose a major challenge to cash-strapped Sri Lanka s emergence from debt default, New York-based credit ratings agency Fitch said on Thursday, even as it welcomed the successful formation of a new government under President Ranil Wickremesinghe. World News | Political Risks Still Challenge Sri Lanka s Emergence from Default, Says Fitch.

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