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Sri Lanka Latest News

Sri Lanka's economy shrank 8.4% in the quarter through June from a year ago in one of the steepest declines seen in a three-month period, amid fertiliser and fuel shortages during the nation's most severe financial crisis in more than seven decades.

Sri Lanka's Economy Shrinks 8.4% Amid Fertiliser, Fuel Shortages

Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made, four sources with direct knowledge of the matter said.

Exclusive-Crisis-Hit Sri Lanka Strikes Staff-Level Loan Pact With IMF -Sources

Sri Lanka has given approval for India's Lanka Indian Oil Corporation (LIOC) to open 50 new fuel stations, a company official said on Monday, as part of efforts to reduce severe shortages that have crippled the island nation.

Indian Oil Corp Unit To Open 50 Fuel Stations In Sri Lanka To Help Alleviate Crisis

Long queues snaked around gas stations in Sri Lanka's commercial capital and its outskirts on Monday even though the island nation's government was scrambling to deliver fuel supplies and douse any unrest as it battles a devastating economic crisis.

Long Fuel Queues Persist In Sri Lanka Despite Scramble To Deliver Supplies

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