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Indian officials in Sri Lanka for talks on ailing economy

Senior Indian officials began talks Thursday with Sri Lankan leaders on economic assistance, a day after Prime Minister Ranil Wickremesinghe announced the country’s economy had “collapsed.” ...

Sri Lanka's crisis cripples once burgeoning middle class

COLOMBO, Sri Lanka (AP) — Miraj Madushanka never thought he'd need government rations to ensure his family could eat two meals a day, but Sri Lanka’s economic crisis, the worst in its history, has rec...

Sri Lankan president's brother quits; UN launches aid appeal

COLOMBO, Sri Lanka (AP) — Basil Rajapaksa, the younger brother of Sri Lanka's president and the country's former finance minister, said he resigned from Parliament on Thursday amid mounting criticism ...

Sri Lankan PM requests patience as UN calls for relief funds

COLOMBO, Sri Lanka (AP) — Sri Lanka's prime minister said Tuesday that the United Nations has arranged a worldwide appeal to help the island nation cope with critical shortages of food, fuel and medic...

Sri Lanka's prime minister tackles thorny finances, economy

COLOMBO, Sri Lanka (AP) — Sri Lanka’s new Prime Minister Ranil Wickremesinghe has been sworn in as finance minister as this Indian ocean island nation confronts its worst economic crisis in memory. ...

Sri Lanka closes schools, limits work amid fuel shortage

COLOMBO, Sri Lanka (AP) — Sri Lankan authorities on Friday closed schools and asked public officials not to come to work in a desperate move to prepare for an acute fuel shortage that is expected to l...

Sri Lanka limits foreign currency holdings amid crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka will lower the maximum amount of foreign currency that individuals can possess to $10,000 from $15,000 and penalize anyone who holds it for more than three months, ...

Censure vote vs. Sri Lankan leader fails as crisis simmers

COLOMBO, Sri Lanka (AP) — Sri Lanka's governing party on Tuesday defeated a move in Parliament to urgently debate a motion that would censure President Gotabaya Rajapaksa for the nation's worst econom...

Wickremesinghe chosen Sri Lanka PM in effort to quell crisis

COLOMBO, Sri Lanka (AP) — Five-time former Sri Lankan Prime Minister Ranil Wickremesinghe was reappointed on Thursday in an effort to bring stability to the island nation, which is engulfed in a polit...

Sri Lanka anti-government protests continue despite curfew

COLOMBO, Sri Lanka (AP) — Defying a nationwide curfew in Sri Lanka, several hundred protesters continued to chant slogans against the government on Tuesday, a day after violent clashes left four dead ...

Sri Lankan prime minister resigns after weeks of protests

COLOMBO, Sri Lanka (AP) — Sri Lankan Prime Minister Mahinda Rajapaksa resigned Monday following weeks of protests demanding that he and his brother, the president, step down over the country’s worst e...

Sri Lankan police use tear gas on protesters near Parliament

COLOMBO, Sri Lanka (AP) — Sri Lankan police used tear gas and a water cannon on Friday to disperse student protesters who were camped outside Parliament criticizing lawmakers for not ousting President...

Sri Lanka government wins Parliament vote amid protests

COLOMBO, Sri Lanka (AP) — Sri Lanka’s beleaguered government won a key vote in Parliament on Thursday as a ruling coalition-backed candidate was elected deputy speaker, despite growing public pressure...

Sri Lanka foreign reserves at record low, politics in crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka’s economy is in dire straits with its usable foreign reserves down to less than $50 million, the country’s finance minister said Wednesday. Ali Sa...

Sri Lanka to receive World Bank help to face economic crisis

COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over the next four months to buy medicine and other essential items, the country’s finance minister sa...