Cash-strapped Sri Lanka began a fresh austerity drive as the country aims to reduce its expenses and secure the IMF bailout. Now Colombo has temporarily frozen all government recruitments as new taxes and high electricity prices kicked in this week.

Sri Lanka works towards securing IMF bailout, freezes recruitment in fresh austerity drive

Sri Lankan President Ranil Wickremesinghe will present his first budget in Parliament later today as the country reels under its worst financial crisis since its independence.

Sri Lanka's reform-oriented 2023 budget to be presented today

Sri Lankan President Ranil Wickremesinghe to present 2023 budget today

The inevitable has happened, and the Sri Lankan government has declared bankruptcy. It makes one wonder if other nations might have undergone bankruptcy in the past?

Did you know this country was once bankrupt?

The fertilizer row in Sri Lanka continues to escalate, in the latest development, the agricultural minister has said disciplinary action will be taken against the registrar of pesticides.

Sri Lanka: Agricultural minister, Resgistrar of pesticides spar over ban