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CNN – Asia/Pacific

Nepal’s Finance Minister resigns amid claims ‘unauthorised persons’ changed state budget

Story by Reuters Nepal’s Finance Minister Janardan Sharma resigned on Wednesday after the parliamentary speaker ordered an investigation into allegations of unauthorised changes in the state budget. His resignation comes as Nepal faces surging inflation and a fall in its foreign exchange reserves. Opposition parties and some lawmakers of the ruling center-left alliance have accused

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Sri Lanka is ‘bankrupt,’ Prime Minister says

By Iqbal Athas, Chris Liakos, Rhea Mogul and Daniela Gonzalez-Roman CNN Sri Lanka is “bankrupt,” Prime Minister Ranil Wickremesinghe said Tuesday, as the country suffers its worst financial crisis in decades, leaving millions struggling to buy food, medicine and fuel. Wickremesinghe told lawmakers that negotiations with the International Monetary Fund (IMF) to revive the country’s

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