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COLOMBO (Reuters) -Sri Lanka is asking international bond holders to take a 30% haircut and is seeking similar concessions from investors in its domestic dollar-denominated notes as it seeks to ...
The Sri Lankan economic crisis [8] is an ongoing crisis in Sri Lanka that started in 2019. [9] It is the country's worst economic crisis since its independence in 1948. [9] It has led to unprecedented levels of inflation, near-depletion of foreign exchange reserves, shortages of medical supplies, and an increase in prices of basic commodities. [10]
Website. nation .lk. The Nation is a weekly English-language newspaper in Sri Lanka. It is published on every Sunday, by Rivira Media Corporation (Pvt) Ltd. A sister newspaper of Rivira, The Nation was established in 2006. It has a circulation of 132,000 per issue and an estimated readership of 662,000 by 2012.
The review, once approved by the IMF's board, will release $337 million in funding for the island nation. Sri Lanka defaulted on its overseas debt in May 2022 after a severe shortage of foreign ...
March 20, 2024 at 5:20 PM. (Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News ...
Headquarters. Nation Centre, Kimathi Street, Central Nairobi. Products. Newspapers, magazines, radio stations, television stations. Number of employees. 1,400 (2004) Website. www .nationmedia .com. Nation Media Group ( NMG ), formerly East African Newspapers (Nation Series) Ltd, is an East African media group listed based in Kenya and listed on ...
The 2022 Sri Lankan political crisis was a political crisis in Sri Lanka due to the power struggle between President Gotabaya Rajapaksa and the people of Sri Lanka. It was fueled by the anti-government protests and demonstrations by the public due to the economic crisis in the country. The anti-government sentiment across various parts of Sri ...
Sri Lanka is an island nation located in the Indian Ocean. Sri Lanka joined the International Monetary Fund on August 29, 1950. [1] Since June 1965, Sri Lanka has taken 16 loans from the IMF, with a total value of 3,586,000,000 SDR's. The most recent of these loans was agreed to in June 2016, with an agreed total of 1,070,780 SDR's, and ...