INSUBCONTINENT EXCLUSIVE:
India will give Sri Lanka an additional USD 500 million in financial assistance to buy fuel, the troubled Foreign Minister Prof
400,000 tons of fuel.Massive protests broke out on Tuesday after fuel reserves ran low.Thousands of angry motorists burned tyres and blocked
a major road leading into capital Colombo, news agency AFP reported citing police and local officials.The protests came after the state-run
On Monday the Lankan Indian oil company yesterday hiked its prices for a fifth time in six months.India, meanwhile, has also extended two
Sitharaman met IMF chief Kristalina Georgieva on the margins of the IMF-World Bank spring meeting in the US.Georgieva lauded the help
extended by India to its neighbours and other vulnerable economies, especially the assistance provided to Sri Lanka.Sri Lanka had sought
and Sri Lanka this week also began talks on linking electricity grids, Reuters reported
Officials said foreign debt payments were temporarily suspended to avoid a hard default and conserve limited reserves to import essential
items.In talks with the IMF, Sri Lanka hopes to secure at least $4 billion in bailout.Protests have roiled Sri Lanka for weeks now, with
face-off with police, one protester was shot dead and 10 others wounded, AFP reported citing local officials.--Agencies
This article first appeared/also appeared in https://adaderana.lk
