Sri lanka

IMF Approves Sri Lanka’s Third Bailout Review

November 25, 2024

The International Monetary Fund (IMF) has recently approved the third review of Sri Lanka’s $2.9 billion bailout on November 23, 2024. The country’s economy remains fragile despite the approval and will release approximately $333 million, raising total funding to about ..

Month: 

Category: 

Sri Lanka Celebrates 76th Independence Day

February 4, 2024

On 4th February, 2024, Sri Lanka celebrated 76th Independence Day. Sri Lanka got independence from British rule on February 4, 1948. This day holds immense significance for the people of the country as it marks the culmination of decades of ..

Month: 

Category: 

Hai Yang 24 Hao: Chinese Warship’s Colombo Visit Raises Diplomatic Queries

August 12, 2023

A Chinese naval vessel, ‘Hai Yang 24 Hao,’ arrived in Colombo Port on August 10 for a formal visit, scheduled to dock until August 12. This visit comes a year after a similar event strained Indo-Lanka relations due to diplomatic ..

Month: 

Category: 

International Covenant on Civil and Political Rights (ICCPR) Act

June 8, 2023

The International Covenant on Civil and Political Rights (ICCPR) is a significant international treaty that upholds the civil and political rights of individuals. It was adopted by the UN General Assembly in 1966 and has since gained substantial global participation. ..

Month: 

Category: 

India’s First International Cruise Vessel

June 7, 2023

India’s first international cruise vessel, MV Empress, embarked on its maiden voyage from the city of Chennai. The departure ceremony was graced by the presence of Union shipping minister Sarbananda Sonowal, who flagged off the momentous occasion. Alongside the launch ..

Month: 

Category: 

Sri Lanka’s State Owned Enterprise Reform Policy

May 18, 2023

Sri Lanka has recently given the green light to the reorganization of its state-owned enterprises, with the goal of enhancing government finances and expediting the country’s economic revival. The International Monetary Fund (IMF) extended a significant bailout facility of nearly ..

Month: 

Category: 

India-Sri Lanka Bilateral Maritime Exercise – SLINEX-2023

April 4, 2023

SLINEX-2023 is the 10th edition of the annual India-Sri Lanka Bilateral Maritime Exercise. The exercise is aimed at improving mutual understanding, enhancing interoperability, and exchanging best practices/procedures in multi-faceted maritime operations between both Navies. The exercise features two phases i.e., ..

Month: 

Category: 

What are IMF Bailouts?

March 31, 2023

The International Monetary Fund (IMF) is an international organization that provides financial assistance to member countries facing economic crises. The organization works towards maintaining international monetary cooperation, promoting exchange rate stability, and facilitating international trade. IMF lending comes with strict ..

Month: 

Category: 

IMF’s $3 Billion Bailout Programme for Sri Lanka

March 23, 2023

On March 20, the International Monetary Fund (IMF) cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, aimed at restoring macroeconomic stability, safeguarding financial stability, and unlocking the nation’s growth potential. Sri Lanka defaulted on its foreign debt in ..

Month: 

Category: 

“Geoffrey Bawa: It is Essential To be There” Exhibition

March 18, 2023

India’s External Affairs Minister, S Jaishankar, inaugurated the “Geoffrey Bawa: It is Essential To Be There” exhibition at the National Gallery of Modern Art in New Delhi on Friday. Jointly organized by the National Gallery of Modern Art in New ..

Month: 

Category:  •