Skip to main content

Sri Lanka Defaults On $51B External Debt

 

Washington Post: Sri Lanka suspends debt payments as it struggles to import fuel and food 

COLOMBO, Sri Lanka — Sri Lanka announced Tuesday it would suspend payments on its foreign debt, a step that underscores the crisis facing a government that is struggling to contain soaring inflation, large-scale protests and a potentially looming humanitarian disaster on an island of 23 million people. 

Although the announcement marks Sri Lanka’s first default since its independence in 1948, the move has been increasingly expected by international markets, particularly in recent months; the country struggled to import fuel, food and even medicine as its foreign currency reserves dwindled. 

From the coastal capital, Colombo, to the central highlands, tens of thousands of angry protesters have taken to the streets for weeks to demand the resignation of President Gotabaya Rajapaksa, whose family has maintained an iron grip over the island’s politics for much of the past decade.  

Read more .... 

Sri Lanka Defaults On $51B External Debt  

Sri Lanka halts debt repayment pending IMF bailout plan -- AP 

Sri Lanka unilaterally suspends external debt payments, says it needs money for essentials -- Reuters  

Sri Lanka Default Looms as Debt Payments Halted to Save Dollars -- Bloomberg

Sri Lanka stops foreign debt payments pending IMF bailout talks -- DW  

Sri Lanka announces default on external liabilities, say authorities -- TASS  

Sri Lanka to suspend foreign debt payments -- Al Jazeera



from War News Updates https://ift.tt/j0eibEX
via IFTTT
Labels:

Comments

Post a Comment

Popular posts from this blog

Bath Iron Works starts building new Arleigh Burke-class Flight III destroyer USS J. William Middendorf

General Dynamics Bath Iron Works has started construction of the future USS J. William Middendorf (DDG 138), a Flight III Arleigh Burke-class destroyer that will strengthen the U.S. Navy’s missile-defense and escort capacity during sustained operations in the Red Sea, Eastern Mediterranean, and Indo-Pacific. The ceremonial first steel cut took place in Maine on May 19, 2026, as the Navy continues relying on Flight III destroyers equipped with the SPY-6 radar and Aegis Baseline 10 combat system to replace the air defense and command role of retiring Ticonderoga-class cruisers ahead of the future DDG(X) program.  Read full defense news at this link... USS J. William Middendorf belongs to the Flight III configuration that began with USS Jack H. Lucas (DDG 125), the first Flight III destroyer commissioned in October 2023. (Picture source: US Navy) Read more... from World Defence News https://ift.tt/tSRkVWI via IFTTT
Post a Comment
Read more

U.S. Army Conducts Gunnery Exercise With Latest Air Defense System Sgt Stout.

U.S. Army officials confirmed that a live gunnery exercise at Fort Hood, Texas, is underway, featuring the latest-generation Sgt Stout short-range air defense system. The drills mark a significant step toward full operational integration as units across the force adapt to evolving threats from drones, rotary-wing aircraft, and low-flying munitions. It matters because Sgt. Stout enhances the Army’s ability to defend forward-deployed troops and critical infrastructure from modern aerial threats. Read full Defense News at this link ... A U.S. Army SGT Stout SHORAD air defense vehicle maneuvers into firing position during live-fire training with the 6th Battalion, 56th Air Defense Artillery Regiment at Fort Hood, Texas, on October 3, 2025. (Picture source: U.S. Department of War) Read More from World Defence News https://ift.tt/NYmsS1n via IFTTT
Post a Comment
Read more

US-built first Saudi MMSC frigate HMS Saud launched at Fincantieri’s shipyard

According to information published by the Saudi Ministry of Defense on December 18, 2025, the first Multi-Mission Surface Combatant frigate constructed in the United States for the Royal Saudi Navy has been officially launched at Fincantieri Marinette Marine’s shipyard in Marinette, Wisconsin. The ship, designated HMS Saud with pennant number 820 and also known as Jalalat Al-Malik Saud in honor of King Saud, is the lead vessel in a four-ship program ordered under Project Tuwaiq through the U.S. Foreign Military Sales framework, a deal that defense officials have repeatedly described as a cornerstone of bilateral naval cooperation. Read more.   The HMS Saud (820) has an overall length of approximately 118 meters, in some sources detailed as 118.6 meters, with a beam of 17.6 meters, a draft of about 4.3 meters, and a full-load displacement estimated at roughly 3,600 tonnes. (Picture source: Saudi MoD) Read full Defense news.  from World Defence News https://ift....
Post a Comment
Read more