A surging crisis in Sri Lanka: A new wave of COVID-19 is causing chaos
By Jeevethan Selvachandran Over the last few months, the world has watched India struggle through an unimaginable COVID-19 situation – over the first half of 2021, the pandemic’s second wave wreaked havoc…
Sri Lanka: Chinese come calling
by Col R Hariharan Chinese defence minister’s visit The recently held Quad summit, which transformed an informal framework of the US, India, Japan, and Australia, into a formal grouping with…
Sri Lanka Signs $500M emergency loan agreement with China as rupee hits record low
Sri Lanka secured a US$500 million loan from China Monday (Apr 12) in a desperate bid to shore up its foreign exchange reserves as the local currency hit a record…
Sri Lanka’s Central Bank Signs $1.5 B bilateral currency swap Pact WIth China
Sri Lanka’s Central Bank (CB) entered into a $1.5 billion ( CNY 10 billion) bilateral currency swap agreement with the People’s Bank of China (PBoC) for a three-year period. However,…
China approves $1.5 billion currency swap with Sri Lanka
(Reuters) – China has approved a 10 billion yuan ($1.54 billion) currency swap with Sri Lanka, a government spokesman in Colombo said on Wednesday. The deal will allow the island…