Sri Lanka’s president said Thursday that he would ask Japan to initiate debt restructuring talks with Sri Lanka’s main creditors, including China and India, as the crisis-hit nation strives to revive its collapsed economy. President Ranil Wickremesinghe said that he would travel to Japan in September to discuss the matter with Japanese Prime Minister Fumio…
Sri Lanka Will Ask Japan to Lead Debt Restructuring Talks With Main Creditors China, India: President
Sri Lankan Forces Deployed to Dismantle Anti-Government Protest Camp Outside Presidential Residence
Sri Lanka’s armed forces on July 22 launched a pre-dawn raid at Galle Face park—which had been besieged for months by anti-government protesters in the wake of the country’s economic crisis—drawing outcry from human rights groups. Hundreds of military personnel and police special task force officers stormed the site at about 1 a.m. local time,…
Sri Lanka Placed Under Emergency Declaration Ahead of Parliamentary Vote for New President
Sri Lanka’s acting president on July 17 declared a state of emergency across the crisis-hit island nation ahead of the parliamentary vote for a new president. In the emergency proclamation, acting President Ranil Wickremesinghe, who previously served as the country’s prime minister, said an emergency declaration would be expedient “in the interests of public security, the…
Sri Lanka’s Prime Minister Sworn in as Interim President
COLOMBO, Sri Lanka—Sri Lanka’s prime minister was sworn in Friday as interim president until Parliament elects a successor to Gotabaya Rajapaksa, who fled abroad and resigned after mass protests over the country’s economic collapse. Lawmakers were to convene Saturday to choose a new leader who would serve the remainder of Rajapaksa’s term, which ends in…
India Dismisses Reports of Sending Troops to Sri Lanka Amid Escalating Protests
India “categorically” dismissed reports that it was sending troops to Sri Lanka amid worsening turmoil that has seen protesters break into both the president’s and prime minister’s residences to demand their resignations. The Indian High Commission in Sri Lanka issued a statement on Monday denying “speculative reports” circulating on social media that New Delhi was…
Debt-Ridden Sri Lanka Asks China to Revise $1.5 Billion Swap Deal
June 8, 2022
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Sri Lanka has requested that China amend the terms of a $1.5 billion yuan-denominated swap facility so that it can be used to fund essential imports, Prime Minister Ranil Wickremesinghe said on Tuesday. The swap deal, signed by the Central Bank of Sri Lanka in March 2021, stipulates that the fund can only be used…
Sri Lanka’s 5-time Former Prime Minister Returns to Office Amid Turmoil
Political veteran Ranil Wickremesinghe, who has served as Sri Lanka’s prime minister five times, has been reappointed to quell escalating unrest fueled by the country’s worst economic crisis in decades. Wickremesinghe, 73, was sworn in as the country’s prime minister for the sixth time on Thursday, replacing Mahinda Rajapaksa, who resigned on Monday following violent…
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