Sri Lanka has won the respect of its international partners for maintaining neutrality in practising foreign policy and this helped the country in striking a much-needed bailout package with the International Monetary Fund (IMF), the island…
Read More...

The first review of Sri Lanka’s International Monetary Fund (IMF) program is scheduled to go to the lender’s Executive Board for consideration on December 12
Read More...

Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor committee, a government source told Reuters on Wednesday (29)
Read More...

As the sun sizzled over small, run-down houses in the eastern Sri Lankan town of Batticaloa, a 35-year-old mother struggled to keep her new-born baby cool in the front room of her home. She sat on the floor, cradling the infant as a ceiling…
Read More...

The International Monetary Fund (IMF) will present its staff report on Sri Lanka to the Executive Board as soon as Sri Lanka implements all agreed actions, an official said amidst strong expectations in the island about an early December…
Read More...

Sri Lanka may lose support from its foreign partners and could face repeated default and bankruptcy if the authorities abandon the current recovery efforts possibly due to political rhetoric, Foreign Minister Ali Sabry said
Read More...

For years, several China-linked projects in Sri Lanka have come under fire for being “white elephants” that have failed to contribute significantly to its economy, but a free-trade agreement between both countries, policy revamp and more…
Read More...

Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors — a key sticking point with countries like India — paving the way for more loans from the International Monetary…
Read More...

Sri Lanka will remove “almost all” exemptions from value added tax (VAT) keeping health, education and some foods, President Ranil Wickremesinghe said in presenting a budget for 2024
Read More...

Sri Lanka's government announced a smaller-than-expected expansion in its budget for 2024 on Monday (13) while projecting a significant jump in revenues crucial to keep its bailout program from the International Monetary Fund (IMF) afloat
Read More...