Russia, Sri Lanka
Sri Lanka leases white elephant airport built with Chinese loans
The small airport near a wildlife sanctuary on the southern coast opened in 2013 but was immediately plagued by problems, and has been a running sore on state coffers since.
Sri Lanka Hands Management Of $209 Million China-Built Airport To Indian And Russian Companies
Sri Lanka has announced plans to hand over the management of its Mattala Rajapaksa International Airport (MRIA) to Indian and Russian companies, mark
Sri Lanka leases Hambantota airport built with Chinese loans to Indian, Russian firms
Mattala Rajapaksa International Airport in Hambantota opened in 2013 but was immediately plagued by problems. The project was funded through high-interest Chinese commercial loans. It was built for $209 million,
Sri Lanka’s Chinese-financed white elephant airport leased to Indian-Russian joint venture
The airport is named after former president Mahinda Rajapaksa, who borrowed heavily from China for infrastructure projects that quickly became commercial failures.
Sri Lanka to hand management of China-built airport to India, Russia companies
Sri Lanka will hand over management of its $209 million Chinese-built airport to two Indian and Russian companies, a cabinet statement said on Friday, as the island nation attempts to reduce losses from its state enterprises.
Indian-Russian Consortium To Revitalise 'World's Emptiest Airport' In Sri Lanka's Hambantota
A joint venture between an Indian and a Russian firm have been awarded the management of Sri Lanka’s Mattala Rajapaksa International Airport in Hambantota, the government spokesman said on Friday.The USD 209 million facility was once dubbed the ”world’s emptiest airport” due to a lack of flights.
IMF ready to support Sri Lanka's discussions with bondholders
The International Monetary Fund (IMF) stands ready to support Sri Lanka's discussions with international bondholders and will ...
gulftoday5d
Sri Lanka’s consumer inflation drops to 2.5 per cent in March
Sri Lanka’s consumer price inflation dropped to 2.5 per cent in March from 5.1 per cent in February, official data showed on ...
Sri Lanka Poised for Bondholder Deal by Mid-May, StanChart Says
Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to ...
Daily Excelsior13d
Sri Lanka hopes for productive talks at IMF, WB spring meetings
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the ...
Break the cycle of debt and dependency that stunts developing countries’ growth
Letter: The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says ...
Iran's Raisi inaugurates hydropower, irrigation project in Sri Lanka
The Uma Oya project was scheduled for completion in 2015 but was delayed by sanctions, technical issues and the COVID ...
IMF: Outlook for world economy is brighter, though still modest by historical standards
The International Monetary Fund has upgraded its outlook for the global economy, saying the world appears headed for a “soft ...