Russia defaults on foreign debt for the first time since 1918
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctionsContinue Reading
Russia defaulted on its foreign-currency sovereign debt for the first time in a century, the culmination of ever-tougher Western sanctionsContinue Reading
The Government of Sri Lanka has hired heavyweight financial and legal advisers Lazard and Clifford Chance as it prepares forContinue Reading
The Sri Lankan delegation led by Finance Minister Ali Sabry has participated in a comprehensive briefing on the debt restructuringContinue Reading
According to a media source, many people believe China’s “debt-trap diplomacy” is to blame for Sri Lanka’s worst economic crisisContinue Reading
Sri Lanka which is battling its worst economic downturn since independence in 1948, joins a small club of countries thatContinue Reading
Sri Lanka has decided to suspend normal debt servicing of all affected debts for an interim period. The Ministry ofContinue Reading
Sri Lankan economist Dr. Nishan de Mel has revealed three key reasons why tourism will not help resolve Sri Lanka’sContinue Reading
The Government of Sri Lanka is set to call for Expressions of Interests (EOI) from global legal firms for technicalContinue Reading
Sri Lanka will hire a global law firm to provide technical assistance on debt restructuring ahead of talks with theContinue Reading
Sri Lanka is facing the double whammy of high debt and rising prices, sparking protests from citizens due to widespreadContinue Reading
The Central Bank of Sri Lanka (CBSL) has reiterated Sri Lanka’s commitment to service forthcoming debt obligations. Issuing a statement,Continue Reading
Moody’s Investors Service says Sri Lanka’s foreign exchange reserves are still low. In a report today, Moody’s said that onContinue Reading
Sri Lanka paid a $1 billion bond last week, but the alarming state of its finances suggests it may haveContinue Reading
© Newswire.lk