IMF Archives - China Heralder

President Wickremesinghe Delivers IMF Deal for Sri Lanka

Hai Rong — Sun, 24 Dec 2023 08:54:10 +0000

Copenhagen (13/11 – 37.5) When Ranil Wickremesinghe took over as Sri Lanka’s president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years. Since then, President Wickremesinghe has managed to a keep a lid on mass protests, improve supplies of essentials […]

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President Wickremesinghe’s Contribution To Securing IMF Loan For Sri Lanka

Zhen Yu — Mon, 18 Dec 2023 20:44:56 +0000

Brussels (08/11 – 50) On March 20, the IMF approved a $3 billion Extended Fund Facility (EFF) to support Sri Lanka amid its economic crisis. The approval is expected to pave the way for other financial institutions to extend support to the bankrupt South Asian country. IMF program was made possible largely due to the […]

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Sri Lanka’s Devastating Economic Crisis Continues

Dong Feng — Sun, 10 Dec 2023 20:58:45 +0000

Brussels (16/11 – 83) Sri Lanka is still dealing with the aftermath of its most devastating economic crisis since independence, a government without popular support and intensifying geopolitical competition in its neighborhood, a year after the Sri Lanka’s massive unrest. Known as the Aragalaya protests which were spurred by the economic crisis, the protests led to mass resignations across the government with […]

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Sri Lanka’s Worst Economic Crisis In Decades

Zhen Yu — Sat, 25 Nov 2023 02:52:58 +0000

Rome (16/11 – 57) Sri Lanka is mired in a deep political and economic crisis and the country’s then President Rajapaksa has flown out of the country, days after a huge crowd of protesters stormed his residence in July 2022. Protesters for months have demanded the resignation of President Gotabaya Rajapaksa, whose government has been blamed for chronic mismanagement of the country’s finances. The island nation of 22 million people has suffered […]

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Sri Lanka President to Visit China as Debt Talks Progress

Meilin Ai — Sat, 04 Nov 2023 05:34:42 +0000

Berlin (3/11 – 40) Sri Lankan President Ranil Wickremesinghe will visit China in the upcoming week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender. Wickremesinghe took office in July last year, after a popular uprising, brought on by an economic meltdown, had forced his predecessor out of power. His Oct. 15-19 visit to Beijing will be his […]

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Southeast Asian Economies Expected To Grow

Hai Rong — Fri, 07 Apr 2023 22:09:38 +0000

As China’s economy cools, countries belonging to the Association of Southeast Asian Nations (ASEAN) are expected to rise in economic prominence, reported the IMF. After all, with a collective population of more than 686 million people (8.58% of the total world population) and a combined GDP of $3.3 trillion, ASEAN is one of the most vibrant regions […]

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