Sri Lanka has not reached any initial agreement with the IMF on debt relief, and its largest creditors -the Asian Development Bank (ADB) and the World Bank - are urged to come up with a package that would speed up its debt restructuring process, Sri Lanka's Ambassador to...More

Sri Lanka is grappling with the deepest economic crisis it has ever seen. The country has defaulted on its $78 billion worth of payments to international creditors, the first time in its history since its independence. Its debt obligations for this year alone exceed $7 billion, yet Sri...More

Kathmandu. La Via Campesina South Asia strongly opposes the Millenium Challenge Corporation (MCC) which is currently underway on two South Asian Countries: Nepal and Sri Lanka. The Millennium Challenge Corporation (MCC) is a bilateral United States’ foreign assistance agency’ established by the US Congress in 2004. The South...More