Sri Lanka’s worst financial crisis has left it struggling to pay for essentials, including food, fuel and medicines. The World Bank has agreed...
Bankruptcy
Reliance’s decision to back out comes after almost two years of litigation as Amazon contested the takeover. By Suvashree GhoshBloomberg Published On 25 Apr...
Appointing advisers is the first step in accessing emergency funds from development banks. By Eric Martin and Karthikeyan SundaramBloomberg Published On 21 Apr 202221...
IMF says Sri Lanka’s debt is unsustainable and it needs to restore debt sustainability before it can get any funds. The International Monetary...
Sri Lanka has requested the International Monetary Fund (IMF) for urgent financial assistance and the global lender could consider it after initial reluctance,...
When Sri Lankan officials arrive in Washington this week to meet with the International Monetary Fund amid an economic and political crisis, the...
A Sri Lankan delegation is headed to Washington next week, looking to secure up to $4 billion from the International Monetary Fund and...
CNN — Here’s a look at Enron, an energy trading company that collapsed after a massive accounting fraud scheme was revealed. Its 2001...
Colombo has taken the step as foreign reserves needed to pay for imports of essentials like medicines and food dwindle. Sri Lanka will...
Sri Lanka is facing its worst financial crisis in decades, and foreign exchange reserves have fallen to $2.36bn. Sri Lanka’s central bank has...