Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund (IMF) warned Wednesday (27), after the first review of its $2.9 billion bailout aimed at restoring the island's finances
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President Ranil Wickremesinghe left the island to participate in the Berlin Global Dialogue in Germany, his office said in a statement
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The International Monetary Fund (IMF) is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan program for the crisis-hit country, two Sri Lankan sources…
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Sri Lanka has paid off the entirety of US$ 200 million loan from Bangladesh, taken through a currency exchange agreement two years ago to survive the severe dollar shortage
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Sri Lanka government which is struggling to raise the state revenue despite higher taxes, has warned liquor manufacturers to pay defaulted taxes or lose their licence
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Sri Lanka has brought back an import para tariff called the Ports and Airports Levy (PAL), to several grades of milk powder, removing them from a list exemptions and making them liable for a 10% tax
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Sri Lanka has been experiencing economic turmoil for 17 months, leading to a lack of access to medicines and medical supplies and consequent disruption in the treatment of various diseases, including cancer
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Sri Lanka’s apex ICT body has projected a substantial boost of 15 billion US dollars to the country’s gross domestic product through the expansion of the digital economy by 2030
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Sri Lanka’s president told a UN General Assembly in New York (UNGA) that conflicts and tension created by big powers are causing problems for the rest of the world
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Sri Lanka’s state revenue has seen a shortfall of 100 billion rupees as of now compared to the revenue target agreed with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said
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