Sri Lanka

Dutch to return stolen Sri Lankan treasures

The Netherlands returned formal ownership to Sri Lanka of six colonial-era treasures on Aug. 28, including a more than 275-year-old cannon inlaid with gold, silver, bronze and rubies.

At a ceremony at the cultural ministry in Colombo, Dutch deputy minister for culture, education and science, Gunay Uslu, signed over the ownership of the objects to Sri Lanka, local officials said.

Sri Lanka bailout conditional on tackling corruption: IMF

Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the International Monetary Fund (IMF) said yesterday after signing off on a $3 billion loan for the crisis-hit nation.

The IMF approved its long-delayed rescue program on March 20 after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances.

US announces $40 million agricultural aid to Sri Lanka

The United States has announced $40 million in aid to buy fertilizer and other key agricultural inputs in time for the next cultivation season in crisis-hit Sri Lanka.

USAID Administrator Samantha Power, who is visiting Sri Lanka, made the announcement after she met farmer representatives in Ja-Ela outside the capital, Colombo.

Sri Lankan President requests Vladimir Putin for Credit to import Fuel

 As Sri Lanka continues to battle its worst financial crisis in seven decades, President Gotabaya Rajapaksa has sought urgent credit support to import fuel to the island nation in a telephonic conversation with the Russian President Vladimir Putin on Wednesday (local time).

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