fbpx
CURRENTLY ON AIR ⇒
  • NEWS
    Tue, 5:00 pm - 5:05 pm
    [ - ]

feedback@radioislam.org.za

Radio Islam Logo


((( Listen Live )))))
Radio Islam Logo


Sri Lankan President: Country’s economy is expected to grow again from end 2023

Nina Bambeni | nina@radioislam.co.za
20 February 2023 | 22:30 PM CAT
2 min read

Photo Credit: Outlook India – Ranil Wickremesinghe

The Indian Ocean island has struggled with its worst economic crisis since its independence from Britain in 1948, which saw Sri Lanka default on loans and sought a $2.9 billion bailout from the International Monetary Fund (IMF).

Posan Jasinge, journalist and writer and PhD candidate in political science at the University College in London, says that situations making living standards in the country unbearable have certainly improved, like fuel and electricity supply.
However, he says that unemployment has worsened, and the inflation of basic prices, such as food, has not improved in the eyes of many Sri Lankans.
Jasinge states that the government is still engaged in talks with the IMF for an extended credit facility of $2.9 billion to show Sri Lanka’s creditors that they can pay their loans when, in reality, the situation does not improve as ordinary citizens do not see any change.
Meanwhile, the Sri Lankan police are investigating former president Gotabaya Rajapaksa over a hidden cash stockpile uncovered when residents stormed their residence last year.
Listen to the full interview with journalist Posan Jasinge and Ml Sulaimaan Ravat on Sabahul Muslim.

ADVERTISE HERE

Prime Spot!!!

Contact:
advertisingadmin@radioislam.co.za 

Related Articles

Protective bail granted to former Pakistani PM Imran Khan

Protective bail granted to former Pakistani PM Imran Khan

Umamah Bakharia | ub@radioislam.co.za 2 min read 17 March 2023 | 19:50 CAT The Lahore High Court has granted protective bail to former Pakistani Prime Minister Imran Khan in relation to multiple legal cases filed against him earlier this week. The development came...

read more
United Nations extends aid mission in Afghanistan

United Nations extends aid mission in Afghanistan

Umamah Bakharia | ub@radioislam.co.za 2 min read 16 March 2023 | 23:30 CAT The United Nations Security Council has renewed the UN Mission in Afghanistan (UNAMA) for an additional year while also appealing for recommendations on a strategy for the international...

read more

Subscribe to our Newsletter

0 Comments

Submit a Comment

Your email address will not be published. Required fields are marked *