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Sri Lanka

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  • Monday, 27 June, 2022
    Sri Lanka halts fuel supplies for private vehicles

    Two-week ban comes as country grapples with worsening debt and economic crisis

  • Friday, 10 June, 2022
    Sovereign bonds
    About that SriLankan Airlines guaranteed bond . . . 

    Hedge funds smell an opportunity in Sri Lanka’s debt mess

  • Monday, 6 June, 2022
    Jonathan Ostry
    Bias in public debt forecasts spells danger

    With a growing risk of defaults in the developing world, the reliability of projections needs urgent improvement

  • Wednesday, 1 June, 2022
    The FT ViewThe editorial board
    Sri Lanka’s problems are an alarm call for emerging markets

    Rising rates and lower growth could lead to a wave of sovereign defaults

  • Wednesday, 1 June, 2022
    Global Economy
    Just say no

    China has sprung a debt trap on many developing countries

  • Wednesday, 1 June, 2022
    Sri Lanka appeals for food aid as debt crisis worsens

    South Asian nation slips from growth to dependence on donations and emergency loans

  • Friday, 27 May, 2022
    Interview
    China will help us weather financial crisis, says Sri Lanka’s prime minister

    Ranil Wickremesinghe says Beijing offers ‘a few hundred million dollars’ as Colombo seeks IMF bailout

  • Wednesday, 25 May, 2022
    The Big Read
    How hubris and Covid transformed Sri Lanka from ‘donor darling’ to default

    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

  • Thursday, 19 May, 2022
    Sri Lanka becomes first Asia-Pacific country in decades to default on foreign debt

    Economic crisis deepens as nation misses interest payments on two international sovereign bonds

  • Tuesday, 17 May, 2022
    Crisis-hit Sri Lanka braces for debt default as dollars run out

    Grace period for Colombo to make interest payments on two international bonds expired on Wednesday

  • Sunday, 15 May, 2022
    News in-depth
    ‘The president should resign’: Sri Lanka’s Rajapaksa clings to power as crisis mounts

    Heir to country’s most powerful political dynasty appoints new PM in desperate bid to remain in office

  • Friday, 13 May, 2022
    Person in the News
    Gotabaya Rajapaksa, Sri Lanka’s military-minded leader, takes his last stand

    A member of the nation’s defining political dynasty, the president never learnt how to govern

  • Wednesday, 11 May, 2022
    Sri Lanka president urges calm as anti-government protests intensify

    National emergency extended after violent demonstrations over economic crisis

  • Monday, 9 May, 2022
    Sri Lanka’s prime minister resigns as protests intensify

    Mahinda Rajapaksa steps down to pave way for cross-party government

  • Monday, 25 April, 2022
    FT News Briefing podcast11 min listen
    Emmanuel Macron elected to second term as French president

    EU approves groundbreaking rules to police Big Tech platforms

  • Sunday, 24 April, 2022
    Sri Lankan businesses struggle to remain open as fuel prices surge

    Economic crisis sparks electricity outages and leaves people unable to afford to drive to work

  • Thursday, 21 April, 2022
    UN asks Sri Lanka to negotiate ‘debt-for-nature’ swaps to ease economic meltdown

    Indian Ocean island nation has been rocked by protests against food, medicine and fuel shortages

  • Wednesday, 13 April, 2022
    News in-depth
    Sri Lanka’s economic crisis humbles the house of Rajapaksa

    Financial turmoil and mass demonstrations weaken family that has dominated politics for years

  • Tuesday, 12 April, 2022
    Sri Lanka suspends bond payments as ‘last resort’

    Finance ministry blames pandemic hit to tourism and rising commodity prices as it looks to IMF for assistance

  • Tuesday, 12 April, 2022
    Lex
    Sri Lanka: debt default threat strains the string of pearls

    A successful bailout of the country would create a blueprint for rescues elsewhere

  • Thursday, 7 April, 2022
    The FT ViewThe editorial board
    Preventing a crisis in emerging markets

    Efforts at sovereign debt relief have stalled at the wrong time

  • Wednesday, 6 April, 2022
    Sri Lanka’s currency plunges to world’s worst-performing in economic meltdown

    Rupee sheds a third of its value against the dollar as deepening crisis raises threat of default

  • Tuesday, 5 April, 2022
    Sri Lanka revokes emergency rule as finance minister quits after one day

    Economic crisis and protests threaten to tip country into political chaos

  • Friday, 1 April, 2022
    Police fire tear gas at Sri Lankans protesting over economic crisis

    Unrest has been stoked by a foreign currency crunch, rolling blackouts and fuel shortages

  • Thursday, 17 March, 2022
    Sri Lanka forced into IMF U-turn after financial crisis sparks protests

    Gotabaya Rajapaksa’s government is struggling to counter fuel shortages, blackouts and inflation

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