Sri Lanka faced a severe financial and political crisis in 2022, but the country’s recovery appears to be on track. Explore the causes behind the crisis and how Sri Lanka is gradually rebuilding its economy,

Sri Lanka’s President Anura Kumara Dissanayake is greeted by China’s Deputy Foreign Minister Chen Xiaodong upon his arrival in Beijing, China, Jan. 14, 2025.

ECONOMYNEXT – Sri Lanka and China have agreed to work toward an early conclusion of a comprehensive free trade agreement (FTA), a joint statement by the both countries said, amid a drag in the deal for more than six years following the Colombo government’s disagreement on three clauses.

Once a leader in textiles and tourism, Sri Lanka now faces its worst economic crisis. With inflation at 60%, foreign loan defaults, and a lack of essentials like fuel and medicine, discover the factors that led to this national tragedy.

Sri Lanka’s Marxist-leaning President Anura Kumara Dissanayake has held talks with Chinese leader Xi Jinping, one month after visiting India on his first overseas trip since winning election in September.

Sri Lankan President Anura Kumara Dissanayake attracted investments from China on his first visit to Beijing since being elected in September.

China will continue to play a "positive role" in the International Monetary Fund and maintain friendly communication with other creditors, in assisting Sri Lanka to achieve financial relief and debt sustainability,

China and Sri Lanka have agreed on more investment and economic cooperation, after China's President Xi Jinping met recently elected Sri Lankan President Anura Kumara Dissanayake in Beijing on Wednesday.

China places Sri Lanka on top of its neighbourhood diplomacy and supports it in safeguarding its sovereignty, President Xi Jinping told his Sri Lankan counterpart Anura Kumara Dissanayake during their