The Immigration & Emigration Department Archives

Sri Lanka’s Recovery – By Dr Tilak S Fernando Sri Lanka was in a severe economic catastrophe before the IMF came to a rescue with $2.5 billion. President endeavoured to clear the fuel station queues and people lining up at gas stations for petrol & kerosine. Unfortunately, the opposition parties did not assist the Ranil Wickremasinghe Government. However, credit should go to President Ranil Wickremasinghe for evading a complete collapse of the economy. IMF loan is not a happy occasion to celebrate with a “kiri bath” (a traditional Sri Lankan dish made from rice and Coconut) and crackers. At least, Sri Lankans should treat this as a life-saving move for the country as it serves as a breathing space for Sri Lanka. Bankruptcy Sri Lanka failed to pay the overseas commitments in April 2023, and the nation was declared bankrupt. This was significantly due to reduced expatriate income from $437 million ...

Sri Lanka’s Recovery – By Tilak S Fernando Sri Lanka was in a severe economic catastrophe before the IMF came to a rescue with $2.5 billion in four stages. Unfortunately, the opposition parties did not assist the Ranil Wickremasinghe government. The President endeavoured to clear the fuel station queues and people lining up at gas stations for petrol & kerosine. However, credit should go to President Ranil Wickremasinghe for evading a complete collapse of the economy. IMF loan is not a happy occasion to celebrate with a “kiri bath” and crackers. At least, Sri Lankans should treat this as a life-saving move for the country as it serves as a breathing space for Sri Lanka. Bankruptcy. Sri Lanka failed to pay the overseas commitments in April 2023, and the nation was declared bankrupt. This was significantly due to expatriate income, the reduction from $437 million to $ 259 in the ...