Tag : Sri Lanka

Business & Economy

U.S. International Development Finance Corporation Backs $553 Million Loan for Adani-led Sri Lankan Terminal.

Aishwarya
by Aishwarya
In a significant development, the U.S. International Development Finance Corporation (DFC) has announced a $553 million loan to Colombo West International Terminal Private Limited (CWIT), a project partially owned by the Adani Group. The funding...
Business & Economy

The Parliament of Sri Lanka approves the state emergency as it runs out of food and forex reserves

Ravi Malhorta
by Ravi Malhorta
he Sri Lankan president Gotabaya Rajapaksha declared the emergency alert on August 30th, 2021. The reason behind this decision is to control the food prices and to prevent hoarding amid shortages of a few staples....