The International Monetary Fund (IMF) is set to conduct its first review of the USD 2.9 billion bailout granted to Sri Lanka in March this year from September 11-19
"We are trying to make tourism new and make more use of the potential. We faced bankruptcy in Sri Lanka (and) now that we are getting out of it, the debt restructuring process is taking place," Wickremesinghe, said on...
The World Bank last week announced that they approved USD 700 million in budgetary and welfare support to debt-ridden Sri Lanka, which is going through its worst economic crisis since independence from the British in 1948
In a statement, the Census and Statistics Office of the Sri Lankan government said that the overall rate of inflation as measured by the Colombo Consumer Price Index on a year-on-year basis is 6.3 per cent in July 2023 and...
A statement from the Central Bank of Sri Lanka said the deposit facility rate and the lending facility rates were reduced by 200 basis points to 11 and 12 per cent
Sri Lanka approached the IMF for a bailout in April 2022 after declaring its first-ever debt default since independence in 1948
Foreign Minister Ali Sabry was briefing the media here on President Ranil Wickremesinghe’s visit to India on July 20-21, his first since assuming office last year. He held talks with Prime Minister Narendra Modi on Friday
Domestic debt restructuring (DDR) is a key condition in the International Monetary Fund (IMF) programme, through which a bailout package of USD 3 billion was approved for Sri Lanka in March
US firm, RM Parks, in collaboration with Shell, will be involved in a long-term contract for the importation, storage, distribution and sale of petroleum...
In a significant move, the Central Bank of Sri Lanka has announced a reduction in interest rates, marking the first rate cut since the country declared...
The Monetary Board of the Central Bank of Sri Lanka decided to cut the policy rate by 250 basis points, saying inflation was falling faster than expected
An agreement was signed between the State Bank of India (SBI) and the Sri Lankan government for USD 1 billion credit facility in March last year
IMF recently extended a nearly $ 3 billion bailout facility to debt-ridden Sri Lanka
Sri Lankan President Ranil Wickremesinghe assured that discussions on the reworking of both domestic and external debt would be completed by July or August 2023
Sri Lanka owes $7.1 billion to bilateral creditors, with $3 billion owed to China, $2.4 billion to the Paris Club and $1.6 billion to India
In January this year, China gave debt-ridden Sri Lanka the financing assurances required by the International Monetary Fund (IMF) to unlock the bailout...
Sri Lanka, which drew its first tranche of the $3 billion bailout programme, has already met an instalment to pay back an Indian line of credit which the...
Sri Lanka received $333 million dollars, the first tranche of the $3 billion International Monetary Fund (IMF) bailout programme last month to overcome its...
Last week, Sri Lanka received $330 million as the first tranche of the IMF bailout programme
The Indian credit lines since January 2022 have provided a lifeline to debt-stricken Sri Lanka, amid the growing public dissent over the worsening economic...
The economy is facing significant challenges stemming from pre-existing vulnerabilities and policy missteps in the lead-up to the crisis, further aggravated by...
The opposition supporters were protesting over a decision to postpone local elections after the government said it cannot finance the same because of the...
The state power entity said that the power cuts ranging from one to 14 hours from January last year would end on Thursday
Last month, China gave Sri Lanka the financing assurances required by the International Monetary Fund (IMF) to unlock a $2.9 billion bailout package for the...
Hundreds of workers from government organisations participate in demonstrations in Colombo protesting against the new tax policy and Sri Lankan President Ranil...
