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Sri lanka crisis

Sri Lanka Cabinet Approves Food Imports to Combat Price Hikes and Shortages

In a bid to stabilize prices and address shortages, the Sri Lankan Cabinet has approved the import of key food items including maize, eggs, and rice. This move aims to alleviate pressure on consumers facing rising living costs. Fueling Poultry Production: To ensure sufficient poultry feed and prevent disruptions in egg production, the government has…

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12 Districts Face Water Shortages due to Dry Weather

COLOMBO, Sri Lanka (News Cutter) — The Disaster Management Centre (DMC) reports 12 districts in the island are experiencing drinking water shortages due to dry weather conditions. Around 48,000 families have been affected. Arrangements are being made to distribute water to 156,000 individuals in 40 Divisional Secretariat Divisions using bowsers attached to the DMC.…

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Government Hospitals on Brink of Power Outage?

Sri Lanka (News Cutter) — Several government hospitals in Sri Lanka are facing a major crisis as the Ceylon Electricity Board (CEB) has warned of possible power outages due to the failure to settle defaulted payments of electricity bills. The hospitals affected include among others the Colombo National Hospital, Mannar District General Hospital, Peradeniya Teaching Hospital,…

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New Central Bank Act Passed, Aims to Foster Stable and Prosperous Economy

COLOMBO, Sri Lanka (News Cutter) — The parliament of Sri Lanka has approved the new Central Bank Act, a significant milestone in the country's commitment to fostering a stable and prosperous economy. The legislation will achieve and maintain domestic price stability and the safeguarding of the financial system's stability. The new act also includes provisions…

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An Action Committee Appointed to Implement Strategies for Re-Employment

COLOMBO, Sri Lanka (News Cutter) — An action committee has been appointed to implement strategies to re-employ individuals affected by the economic crisis. The committee, consisting of secretaries from various ministries, follows the footsteps of a tripartite committee established during President Ranil Wickremesinghe's tenure. The committee will implement long-term, medium-term, and short-term solutions, with the…

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Top IMF Official calls on President Wickremesinghe!

A meeting between President Ranil Wickremesinghe and Deputy Managing Director of International Monetary Fund (IMF) Kenji Okamura was held at the Presidential Secretariat this afternoon (31). The discussion primarily focused on the progress of the IMF program between Sri Lanka and the IMF. Attention was also paid to the on-going debt restructuring negotiations. State…

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