Tag: Colombo (Sri Lanka)

Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan

Chin@Strategy

The executive board of the International Monetary Fund approved a loan worth $3 billion to help Sri Lanka through the financial crisis that has had the nation in a rolling economic and political crisis for more than a year. The I.M.F. had agreed in principle to extend the funds last September — subject to Sri Lanka’s meeting a series of conditions that included tightening its finances and renegotiating the terms of repaying debt it owes to the biggest economies in Asia. Even before the announcement was made, late on Monday…

Your Tuesday Briefing: A Marcos Victory?

Chin@Strategy

Good morning. We’re covering the Philippines presidential election, the resignation of Sri Lanka’s prime minister and a pandemic pivot in Taiwan. Another Marcos for president? With more than 90 percent of election returns counted in a preliminary tally, Ferdinand Marcos Jr. appeared sure to win the country’s presidential election early Tuesday morning. He has a huge lead over Leni Robredo in the Philippines’ most consequential vote in recent history. Here are live updates. Marcos, the son of the former dictator who was ousted 36 years ago, appealed to a public…

Your Wednesday Briefing: Putin’s defiance

Chin@Strategy

Good morning. We’re covering Vladimir Putin’s defiant remarks, Sri Lanka’s default and China’s economic pivot. Putin’s defiance President Vladimir Putin of Russia said that peace talks with Ukraine had reached a “dead end.” He also said there was “no doubt” that Russia would achieve its goals in a campaign that has left cities in ruins, forced millions to flee their homes and raised disturbing accounts of atrocities committed by Russian soldiers. Here are the latest updates. “What we are doing is helping people and saving people, on the one hand,…