Economic Slowdown - IAS Current

Sri Lanka imposes blackouts as the country’s cash crisis worsens

February 23, 2022 by iascurrent

Sri Lankan authorities are enforcing rolling power cuts across the island nation as the island’s deepening financial crisis results in fuel shortages and grid malfunctions. Sri Lanka’s Public Utilities Commission announced Wednesday that it will … Read more

India provided another relief package of $500 million for emergency fuel import

January 19, 2022 by iascurrent

India extended another $500 million support to Sri Lanka

On Tuesday provided another $500 million of the package to Sri Lanka for emergency fuel imports. India has extended this relief amount of $500 million on Line of Credit (LOC) to the island nation. Sri … Read more