Sri Lanka’s financial crisis is worse than developing-world problems. The catastrophe in the 22-million-person South Asian island country is caused by economic mismanagement, pandemic effects, and terrorism strikes. Some have given up driving and now use bicycles or public transportation. Poverty-stricken Sri Lankans stand in 2-km-long lines for days to get cooking gas and gasoline … Read more
Energy Minister Kanchana Wijesekera says fuel stocks are enough for less than two days. Cost of gasoline and diesel increase by 22 percent and 15 percent. Diesel prices have almost quadrupled since the beginning of the year. Cash-strapped A day after the government declared that it had almost run out of petroleum, Sri Lanka stated … Read more
WASHINGTON: IMF Managing Director Kristalina Georgieva said on Thursday the fund would only support a “comprehensive programme” for Lebanon that would tackle all the country’s ills, including corruption. “Our team is working very closely with their Lebanese counterparts,” Georgieva told reporters. “We are stressing that it has to be a comprehensive program.” Lebanese officials began … Read more
ISLAMABAD: President Dr Arif Alvi has said the world needed to immediately provide financial assistance to Afghanistan to avert impending economic collapse. During his meeting with Turkmenistan President Gurbanguly Berdimuhamedov on the sidelines of the 15th Summit of Economic Cooperation Organisation in Ashgabat, Dr Arif Alvi has emphasised that sustainable peace and stability in Afghanistan … Read more
