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(Reuters) - Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.
Sri Lanka has approved a new law backed by the International Monetary Fund (IMF) allowing the state to seize any proceeds from criminal activities, a cabinet spokesperson said on Friday. The new ...
April 29, 2024 at 11:53 PM. [Getty Images] Everything feels sodden in Kenya's capital, Nairobi, and beyond. It seems as if the rain has been falling without respite for six weeks, and the impact ...
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 ...
Background Further information: Persecution of Christians in the modern era § Sri Lanka The main religions in Sri Lanka are Buddhism (70.3%), Hinduism (12.6%), Islam (9.7%) and Christianity (6.1%), with 82% of the Christians being Roman Catholics. The remaining Christians are evenly split between the Anglican Church of Ceylon and other Protestant denominations. During the 2010s, a low but ...
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]
April 25, 2024 at 12:02 AM. The UN says more than 40,000 have been forced from their homes [EPA] Roads have turned into rivers in the Kenyan capital Nairobi, as a top official said flooding had ...
Despite the security restrictions Tamils in Sri Lanka hold small events on 18 May, which they call Mullivaikkal Remembrance Day, to commemorate their dead. However, public commemorations are dealt with harshly by the Sri Lankan security forces. Tamil politicians have been arrested for commemorating Mullivaikkal Remembrance Day.