Sri Lanka

Economics

The International Monetary Fund has reached a staff-level agreement with Sri Lanka to conclude the fifth review of its reform program, unlocking roughly $347 million in financing, Reuters reported Oct. 9.

Sri Lanka: Country Reaches Staff-Level Agreement With IMF, Unlocking $347 Million in Funding

United States

Bangladesh

Pakistan

The Trump administration announced new tariffs for Sri Lanka, Bangladesh and Pakistan that will take effect on Aug. 7, Reuters reported on Aug. 1.

Sri Lanka, Bangladesh, Pakistan: Trump Announces Reduced Tariff Rates

U.S. President Donald Trump announced a new round of tariffs set to take effect in August, with Sri Lanka facing a 30% rate, down from the 44% initially proposed in April, Reuters reported on July 10. 

Sri Lanka: Trump Announces 30% Tariff on Sri Lanka

India

Energy

Military & Security

During his three-day state visit to Sri Lanka from April 4 to 6, Indian Prime Minister Narendra Modi held high-level talks with Sri Lankan President Anura Dissanayake and signed seven memorandums of understanding across various sectors, including defense, energy, digital infrastructure, health and trade, Times of India reported April 5. 

India, Sri Lanka: Countries Sign Defense and Energy Agreements

On April 2, U.S. President Donald Trump announced a series of reciprocal tariffs, including a 37% tariff on Bangladesh, a 30% tariff on Pakistan, and a 44% tariff on Sri Lanka, Reuters reported on April 3.

Pakistan, Sri Lanka, Bangladesh: Steep U.S. Tariffs Hit Countries' Crucial Textile Exports

Politics

Sri Lanka's President Anura Kumara Dissanayake announced that Indian Prime Minister Narendra Modi will visit Sri Lanka on April 5, the Economic Times reported on March 22. 

India, Sri Lanka: Modi To Visit Sri Lanka on April 5

The International Monetary Fund's executive board approved the third review of Sri Lanka's $2.9 billion bailout, releasing about $334 million and bringing total funding to approximately $1.3 billion, News First reported on March 1.

Sri Lanka: IMF Executive Board Approves Third Review of Sri Lanka's $2.9B Bailout

Sri Lanka's President Anura Kumara Dissanayake, who is also the country's finance minister, announced a budget that appears broadly aligned with International Monetary Fund bailout conditions but also includes populist economic measures, Bloomberg reported on Feb. 17.

Sri Lanka: Budget Attempts To Balance Populist Appeals With IMF Bailout Conditions

Assessments

The Central Bank of Sri Lanka logo is seen outside the bank's headquarters in Colombo on July 6, 2023.

The IMF will likely approve the fifth review of Sri Lanka's $2.9 billion bailout due to the country's strong fiscal performance, debt restructuring progress and political stability, though high poverty and delayed state-enterprise reforms pose ongoing risks.

Sri Lanka on Track To Unlock Next IMF Disbursement, but Challenges Remain

Columns

On Geopolitics

Nepal

Protesters gather at the Singha Durbar, the main administrative building for the Nepal government, in Kathmandu on Sept. 9, 2025. 

Widespread discontent with corruption and economic mismanagement is fueling movements that demand greater accountability across South Asia.

Political Instability Roils South Asia

A general view shows Sri Lanka's Colombo port on April 9, 2025.

Global Trade

Textile exports from Bangladesh, Sri Lanka and Pakistan will suffer under new U.S. tariffs, worsening economic hardships and risking political instability.

South Asia's Textile Industry Reels From U.S. Tariffs

Democratic Republic of the Congo

Ethiopia

Kenya

Rwanda

Israel

Lebanon

Palestinian Territories

Ukraine

Russia

Damage on Feb. 13 in the Jabaliya refugee camp in northern Gaza.

Israel-Hamas Conflict

Russia-Ukraine Conflict

Social Issues

A look at what the coming week will bring -- and a list of recommended RANE articles from the week that was.

The Weekly Rundown: Mideast Ceasefires and Arab Gaza Proposals, the AU Summit

Angola

Tanzania

Zambia

China

Marshall Islands

Palau

Taiwan

Tuvalu

U.S. President Joe Biden and President Joao Lourenco of Angola on Nov. 30, 2023, at the White House. Biden on Dec. 2-4 will visit Angola, where he will focus on the Lobito Corridor project that aims to refurbish and expand railways connecting critical mineral-rich regions in Zambia and the Democratic Republic of Congo with the Angolan port of Lobito.

U.S.-China Relations

The Weekly Rundown: Biden Visits Angola, von der Leyen's Second Term

Iran

U.S. President-elect Donald Trump (R) and India's Prime Minister Narendra Modi (L) arrive for a joint press conference at Hyderabad House in New Delhi, India, on Feb. 25, 2020.

Environment, Science & Technology

Science & Technology

While U.S. President-elect Donald Trump will maintain many of the outgoing Biden administration's overarching policies toward South Asia, bilateral relationships will grow increasingly transactional.

What Trump's Second Term Means for South Asia

A session is held in Sri Lanka's Parliament in Colombo on Aug. 20, 2020. 

Global Elections

The ballot could bolster the new president's ability to enact his socialist agenda, though it may also yield a hung parliament that leads to more government instability.

Previewing Sri Lanka's Parliamentary Elections

Japan

A ballot is cast in front of the Japanese flag. On Nov. 11, the country will select a prime minister and convene an extraordinary session of its bicameral Diet.

The Weekly Rundown: Japan Selects a Prime Minister, Trump's Shadow Looms Over COP29

Anura Kumara Dissanayake (center) gestures as he leaves the office of Sri Lanka's Election Commission in Colombo on Sept. 22, 2024, following his victory in the country's presidential election. 

President Dissanayake's left-wing agenda will run up against IMF commitments and an opposition-controlled parliament, raising the risk of a snap ballot that could reshape the island nation's political landscape.

What Challenges Lay Ahead for Sri Lanka's New President?

Germany

The site of an Israeli strike on Sept. 19 in the southern Lebanese border village of Mahmoudiyeh. Fighting between Israel and Hezbollah will continue to intensify in the next week.

The Weekly Rundown: Escalating Israel-Hezbollah Conflict, the Sri Lankan Presidential Election

Differing views on the country's agreement with the IMF and austerity measures, social issues involving Tamils and Muslims, and balancing relations with India and China heighten the risk of social unrest, delays in financial support, and uncertainty in economic planning and reforms. 

Sri Lankan Presidential Candidates Face an Electorate Upset by the Economy

2024 Elections: Sri Lanka 

Sri Lanka's Sept. 21 presidential election will pit four candidates against one another, portending various political and economic risks.

2024 Elections: Sri Lanka

The island of Sri Lanka lies twenty miles off the southeastern tip of India. Slightly smaller than Ireland, the country sits at the center of the Indian Ocean, just northeast of the Maldives island chain.     Sri Lanka is divided into two geographic zones.     The southwest of the island is Sri Lanka's core. It consists of the inland Central Highlands, flanked to the west by Colombo's seaside lowlands. This area receives most of the island's rainfall and is the country's agricultural heartland, producing rice for food consumption and its cash crops: coconut, tea and rubber. It also contains the island's gem and graphite deposits. Colombo has a deep natural harbor, which receives substantial traffic from nearby shipping lanes.      The northern part of the island is divided into the inland Vanni region and the Jaffna Peninsula on Palk Bay. The north is dry and agriculture is only possible because of large, ancient reservoirs. Fishing is the primary economic activity. The north is connected to India by a chain of islands and sandbars known as Adam's Bridge, which has historically eased the movement of goods and people to and from the mainland.      Sri Lanka's main geographic challenge is to protect its core around Colombo, while promoting integration with the north. The most recent challenge to Colombo's dominance was from the Tamil Tigers insurgent group, who used the Vanni region and Jaffna peninsula regions as bases to mount terrorist attacks. Uniting the north with the core will allow Colombo to take advantage of low-end manufacturing leaving China, using its underdeveloped north as a source of cheap labor.

SITUATION REPORTS

Sri Lanka: Country Reaches Staff-Level Agreement With IMF, Unlocking $347 Million in Funding

Sri Lanka, Bangladesh, Pakistan: Trump Announces Reduced Tariff Rates

Sri Lanka: Trump Announces 30% Tariff on Sri Lanka

India, Sri Lanka: Countries Sign Defense and Energy Agreements

Pakistan, Sri Lanka, Bangladesh: Steep U.S. Tariffs Hit Countries' Crucial Textile Exports

India, Sri Lanka: Modi To Visit Sri Lanka on April 5

Sri Lanka: IMF Executive Board Approves Third Review of Sri Lanka's $2.9B Bailout

Sri Lanka: Budget Attempts To Balance Populist Appeals With IMF Bailout Conditions

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