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Two-week ban comes as country grapples with worsening debt and economic crisis
Hedge funds smell an opportunity in Sri Lanka’s debt mess
With a growing risk of defaults in the developing world, the reliability of projections needs urgent improvement
Rising rates and lower growth could lead to a wave of sovereign defaults
China has sprung a debt trap on many developing countries
South Asian nation slips from growth to dependence on donations and emergency loans
Ranil Wickremesinghe says Beijing offers ‘a few hundred million dollars’ as Colombo seeks IMF bailout
The country has opened talks with the IMF over a $4bn bailout with observers waiting to see how China, one of the main creditors, will react
Economic crisis deepens as nation misses interest payments on two international sovereign bonds
Grace period for Colombo to make interest payments on two international bonds expired on Wednesday
Heir to country’s most powerful political dynasty appoints new PM in desperate bid to remain in office
A member of the nation’s defining political dynasty, the president never learnt how to govern
National emergency extended after violent demonstrations over economic crisis
Mahinda Rajapaksa steps down to pave way for cross-party government
EU approves groundbreaking rules to police Big Tech platforms
Economic crisis sparks electricity outages and leaves people unable to afford to drive to work
Indian Ocean island nation has been rocked by protests against food, medicine and fuel shortages
Financial turmoil and mass demonstrations weaken family that has dominated politics for years
Finance ministry blames pandemic hit to tourism and rising commodity prices as it looks to IMF for assistance
A successful bailout of the country would create a blueprint for rescues elsewhere
Efforts at sovereign debt relief have stalled at the wrong time
Rupee sheds a third of its value against the dollar as deepening crisis raises threat of default
Economic crisis and protests threaten to tip country into political chaos
Unrest has been stoked by a foreign currency crunch, rolling blackouts and fuel shortages
Gotabaya Rajapaksa’s government is struggling to counter fuel shortages, blackouts and inflation
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