Sri Lanka's president warned Wednesday (22) of more economic pain to come for the crisis-hit nation, with strict austerity measures needed to restore its ruined finances after an International Monetary Fund (IMF) bailout deal
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Sri Lanka’s leading leftist party the Janatha Vimukthi Peramuna (JVP) has rubbished a crucial deal with the International Monetary Fund (IMF), with the party’s general secretary Tilvin Silva claiming that the lender is only interested in…
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Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the International Monetary Fund (IMF) said Tuesday (21) after signing off on a $3 billion loan for the crisis-hit nation
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A look back at how Sri Lanka's financial crisis unfolded
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Sri Lanka's roughly $3 billion loan agreement with the International Monetary Fund (IMF) will look to protect the poorest while tackling deep-rooted economic issues, a senior IMF official told AFP on Monday (20)
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Sri Lanka's president said Monday (20) that the International Monetary Fund (IMF) has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis
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Sri Lanka's crisis-hit economy shrank a record 7.8% last year as long blackouts and critical fuel shortages put a chokehold on local commerce, official data showed Thursday (16)
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The old political elite, perhaps best epitomized by the current President Ranil Wickremesinghe, has managed to hold on to power without popular support or legitimacy. Urgent humanitarian issues continue to grip the nation and progress on…
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The Sri Lankan government raised 110.44 billion rupees through a bond sale on Monday (13), far short of its 180 billion-rupee target, with the central bank saying it rejected almost all bids for the two-year paper on offer in the sale
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The government’s reluctance to look for alternative energy sources, even as it was clear that Sri Lanka could make use of Russian oil and gas, pointed at one thing: the country would not go beyond the IMF line, which by extension was…
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