Sri Lanka is in the midst of the worst economic crisis in the countries history. The country's government announced that there would be a significant cut in fuel prices.

COLOMBO, Sri Lanka — Sri Lanka’s government on Wednesday announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the ...

After ousting leader, Sri Lanka still staggered by one-two economic punch The new president, Ranil Wickremesinghe, must now confront upheaval unleashed by the pandemic and Ukraine war ...

Sri Lanka’s government says it's cutting down expenses in the latest austerity drive to help it recover from its worst economic crisis.

The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn) to help it deal with its worst economic crisis in its history as an independent nation.

Sri Lanka is still struggling to afford international fuel prices and is unable to fully procure the country’s requirements, Power and Energy Minister Kanchana Wijesekera said.

Out of Cash and Out of Fuel, Sri Lanka Runs on Patience The rage at the failure and corruption of a ruling elite is matched by generosity and ingenuity to prevent complete collapse and anarchy.

The double whammy of government and economic instability is further complicating recovery, and the country is hurtling toward bankruptcy.

Unsustainable government debt, a severe balance of payments crisis and the impact of the COVID-19 pandemic led to a shortage of essentials such as fuel, medicine and food. Soaring prices have ...

COLOMBO, Sri Lanka (AP) — Sri Lanka’s government said Tuesday it was cutting down expenses in the latest austerity drive to help it recover from its worst economic crisis. Government spokesma… ...