Seychelles’ 6 Leaders of Government Business in the Third Republic

On June 18 in 1993, the Third Republic of Seychelles was born and multi-party politics was introduced following 16 years of one-party rule. This brought about a new governance structure under the new Constitution, and a governance structure adhering to the principles...

Sri Lanka cuts interest rates as IMF delays loan

Crisis-hit Sri Lanka cut interest rates by 100 basis points Thursday as the second instalment of an IMF bailout was held up after the government missed several loan conditions. The Central Bank of Sri Lanka (CBSL) said it reduced the benchmark lending rate to 11...