IMF chief says Sri Lanka stabilised, pledges more help

COLOMBO: IMF chief Kristalina Georgieva pledged to support Sri Lanka’s economic recovery, praising the cash-strapped nation’s “remarkable turnaround” during online talks with its president. The International Monetary Fund managing director promised unspecified help to the South Asian nation during a virtual meeting with President Anura Kumara Dissanayake, his office said SaturdayContinue Reading

Sri Lanka reports massive tolls in human-elephant conflicts

COLOMBO: Sri Lanka vowed on Thursday (Feb 27) to urgently tackle costly clashes between villagers and wild elephants after reporting the deaths of nearly 1,200 people and over 3,500 animals in a decade. Environment minister Dammika Patabendi told parliament that they will build more electrified fences and deploy additional staff toContinue Reading

Sri Lanka’s 2025 Budget: Balancing IMF Commitments and Domestic Priorities

In a speech on February 17, Sri Lanka’s President Anura Kumara Dissanayake presented the 2025 budget – the first budget of his government, which took office in September 2024. As Sri Lanka continues under an IMF-supported Extended Fund Facility (EFF) – initiated in response to the country’s macroeconomic crisis inContinue Reading

COLOMBO: A Sri Lankan passenger train derailed on Thursday (Feb 20) after smashing into a family of elephants, with no passengers injured but six animals killed in the island’s worst such wildlife accident, police said. The express train was travelling near a wildlife reserve at Habarana, some 180km east of theContinue Reading

Sri Lanka’s Adani Controversy: Navigating Geopolitics, Transparency, and Sovereignty

The recent reports that Sri Lanka has decided to revoke a 20-year power purchase agreement with India’s Adani Group has prompted considerable debate, highlighting the challenges that the nation’s leaders face in attempting to balance economic imperatives, relations with regional powers, and domestic accountability. The debate around the Adani projectsContinue Reading