It’s in China’s interest to restructure Sri Lanka’s debt: US treasury secretary

[ad_1] China is a “very important” creditor of Sri Lanka and it would likely be in the interest of both countries if China participated in restructuring Sri Lanka’s debt, US […]

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Sri Lanka reserves drop to $1.93 bn in March, $8.6 bn due in payments this year

[ad_1] Sri Lanka’s foreign exchange reserves dropped 16.1 per cent to $1.93 billion in March from a month earlier, the central bank said Thursday, as the island nation struggles through […]

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Sri Lanka revokes emergency as President Rajapaksa faces calls to resign

[ad_1] The proclamation that took effect April 1 is voided as of midnight April 5, Rajapaksa said in an extraordinary gazette late Tuesday. Demonstrators hold placards and shout slogans during […]

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