July 27, 2022 - Lanka Focus

Long-term investments in Sri Lanka are India’s plan to fix economic crisis, envoy Baglay says

July 27, 2022July 27, 2022 admin

Long-term investments in Sri Lanka are India’s plan to fix economic crisis, envoy Baglay says. (NAYANIMA BASU 25 July, 2022 08:19 am IST (The Print)) High Commissioner of India to Sri Lanka Gopal Baglay added that New Delhi will also work with the island nation’s new govt to facilitate talks for a bailout package from the IMF. New Delhi: After helping Sri Lanka with an unprecedented assistance of around $4 billion since January as the country plunged into a deep economic crisis, India is now planning to invest heavily in newer…

Ranil: Not the man to lead Sri Lanka out of the crisis

July 27, 2022July 27, 2022 admin

Sri Lanka’s Ranil Wickremesinghe is a schemer and the West’s stooge. Not the man to lead it out of crisis Asian Angle by Kalinga Seneviratne (South China Post) Ranil Wickremesinghe, a five-time PM who has never completed a full term in office, only gained the presidency via horse-trading and with Western help He claims he can schmooze the IMF, but Sri Lanka would be better served if India and China stepped up and worked with Russia to craft a BRICS bailout Sri Lanka’s newly elected president Ranil Wickremesinghe addresses the media in…