international-monetary-fund
Top StoriesSri Lanka’s President, Cabinet Set to Resign, Central Bank Governor to Stay
Top StoriesSri Lanka Rushes to Find Fuel as Shortages Hit Schools, Workers
Top StoriesSri Lanka Stops Fuel Supply to Non-Essential Services as Crisis Worsens
Top StoriesSri Lanka Tycoon Dhammika Perera to Replace President’s Brother in Parliament
Sri Lanka President’s Brother, Basil Rajapaksa, Resigns From Parliament
Date: June 9, 2022
By Uditha Jayasinghe COLOMBO (Reuters) – The brother of Sri Lanka’s president and the country’s former finance minister, Basil Rajapaksa, said on Thursday he had resigned from parliament, the second from the influential family to step away from government amid a severe economic crisis. “From today I will not be involved in any government activities...
Brothers at Odds, but Ruling Family Still Holds Key to Sri Lanka’s Future
Date: June 8, 2022
By Alasdair Pal and Devjyot Ghoshal COLOMBO (Reuters) – It was the moment when two brothers who had dominated Sri Lanka’s politics for nearly 20 years finally went their separate ways. On May 9, when a crowd of ruling party supporters marched towards activists protesting against a crippling economic crisis, President Gotabaya Rajapaksa ordered police...
Greek Economy Expands 2.3% in First Quarter, Shows Resilience
Date: June 7, 2022
By George Georgiopoulos ATHENS (Reuters) -Greece’s economy expanded in January-to-March at a faster pace compared to last year’s fourth quarter but its growth rate decelerated on an annual basis, the country’s statistics service (ELSTAT) said on Tuesday. Seasonally adjusted data showed gross domestic product grew 2.3% from an upwardly revised 0.8% growth rate in the...
Sri Lanka Seeks to Secure $5 Billion in Funds for Import Payments
Date: June 2, 2022
By Uditha Jayasinghe COLOMBO (Reuters) – Sri Lanka seeks to secure around $5 billion in funding this year to cover repayments for fuel imports and other items bought through credit lines, and another $1 billion to bolster its foreign reserves, the prime minister’s office said on Thursday. The island nation is grappling with its worst...
Sri Lanka’s Prime Minister Takes on Crucial Finance Ministry Portfolio
Date: May 25, 2022
By Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka’s Prime Minister Ranil Wickremesinghe will hold dual charge as finance minister, the president’s office announced on Wednesday, and will lead talks with the International Monetary Fund (IMF) as the crisis-hit nation seeks a bailout. “Prime Minister Ranil Wickremesinghe was sworn in as finance, economic stabilisation and national policies...
Sri Lanka Gives Emergency Powers to Military, Police After Clashes Kill Seven
Date: May 10, 2022
By Alasdair Pal and Uditha Jayasinghe COLOMBO (Reuters) -Sri Lanka gave emergency powers on Tuesday to its military and police to detain people without warrants, after a day of clashes that killed seven people and injured more than 200, in violence that prompted Prime Minister Mahinda Rajapaksa to resign. As the Indian Ocean nation battles...