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The World Bank estimates that the island nation's turbulent economy will contract by 9.2% this year and 4.2% in 2023
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All the people aboard the Myanmar-flagged Lady 3 fishing vessel, including 20 children, were brought safely to Vung Tau in Vietnam
Ranil Wickremesinghe expresses confidence that the country will tide over its worst financial crisis
The country's economic crisis has led to an acute dollar shortage to pay for imports of food, fuel and medicine, a plunge in the rupee and runaway inflation
Ousted prime minister addressed his first public meeting since May on Saturday
It has also allowed trials against ex prime minister Mahinda Rajapaksa, finance minister and two central bank governors
Customs duties, airport levies and other local taxes on raw materials imported to make sanitary items waived with immediate effect
Health Minister Keheliya Rambukwella, however, dismissed claims of malnutrition among young children, calling these 'politically motivated'
Years of economic mismanagement combined with Covid-19 have left the island country in its worst economic crisis
Island nation has worked to use its foreign exchange reserves to meet fuel imports, reallocate funding from multilateral agencies for other critical imports