Agreement to restructure borrowings is ‘significant milestone’ towards ending debt crisis, says finance minister
Agreement on $4.2bn from largest bilateral creditor could pave way for release of IMF funds
Government declares holidays until Tuesday to try to head off any run on banks
Colombo seals IMF deal but many remain sceptical about the country’s path to recovery
Fund says agreement paves way towards $2.9bn rescue package
Government seeks to cut cost of bloated armed services in wake of country’s financial crisis
South Asian island nation relies on international aid to stave off starvation
The army has so little to do that soldiers are running hotels and restaurants
Funds contingent on Colombo securing debt relief and undertaking reforms
Gotabaya Rajapaksa forced from power in face of mass protests over country’s economic collapse
Gotabaya Rajapaksa departs on the day he was expected to resign in the face of mass protests
Angry public blames food and fuel shortages on leaders’ mismanagement as well as global crises
Ranil Wickremesinghe says government will also quit once a new all-party cabinet is in place
EU calls for ‘orderly transition’ as president’s office promises more cooking oil is on the way
Protests over worsening economic crisis leave government on brink of collapse
South Asian nation slips from growth to dependence on donations and emergency loans
Ranil Wickremesinghe says Beijing offers ‘a few hundred million dollars’ as Colombo seeks IMF bailout
Heir to country’s most powerful political dynasty appoints new PM in desperate bid to remain in office
Economic crisis sparks electricity outages and leaves people unable to afford to drive to work
Financial turmoil and mass demonstrations weaken family that has dominated politics for years