Page-2 of Sri lanka

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 ..

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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 ..

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“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 ..

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Reintroduction of Gaurs in Sri Lanka

October 15, 2022

The Indian Government is considering Sri Lanka’s proposal to translocate Indian bison to the island nation, where the gavaras have become extinct several centuries ago. Key facts The Sri Lankan government has requested India to transfer Indian bisons to the ..

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IMF $2.9bn deal to aid Sri Lanka

September 3, 2022

Recently, the International Monetary Fund (IMF) has come forward to help Sri Lanka, which is facing a historic economic crisis. The IMF has announced a loan of $ 2.9 billion to Sri Lanka. Key Points The aid aims to restore ..

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Ranil Wickremesinghe- Sri Lanka’s New PM

May 14, 2022

On 12th May 2022, Ranil Wickremesinghe was sworn in as the 26th prime minister of Sri Lanka. He was sworn in as the PM to steady the nation’s economy which is debt-ridden and to end the ongoing political turmoil. His ..

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