Minister: Sri Lanka aims to return to pre-crisis growth by 2026

MUMBAI – Sri Lanka is targeting 2026 as the year to return to its pre-crisis growth levels, state finance minister Shehan Semasinghe said in an interview at the Reuters NEXT conference on Wednesday. ALSO READ: Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns Sri Lanka's financial turmoil, its worst since independence from Britain in […]

Minister: Sri Lanka bill to trim president’s powers to become law soon

A pedestrian walk past a billboard that announces the return of ousted former Sri Lankan president Gotabaya Rajapaksa who ended his self-imposed exile in Thailand and came back to the island, in Colombo on Sept 4, 2022. COLOMBO – Sri Lanka's Foreign Minister Ali Sabry said on Monday a constitutional amendment bill trimming presidential powers […]

Ranil Wickremesinghe sworn in as Sri Lankan president

President elect Ranil Wickremesinghe greets supporters upon his arrival at a Buddhist temple in Colombo, Sri Lanka, July 20, 2022. Wickremesinghe was elected president Wednesday by lawmakers to lead the country out of economic collapse. (ERANGA JAYAWARDENA / AP) COLOMBO – Veteran politician Ranil Wickremesinghe was sworn in as Sri Lanka's new president on Thursday, a […]

Multiple factors behind Sri Lanka crisis

(JIN DING / CHINA DAILY) Sri Lanka's 22 million people are suffering the worst economic crisis in the past seven decades due to an array of serious problems, including depleted foreign currency reserves, rising inflation and shortage of daily necessities, which have sparked months-long protests across the country. Sri Lankan President Gotabaya Rajapaksa and Prime […]