Sri Lanka will kick off a reworking of part of its domestic debt next month and aims to finalize it by May, central bank and treasury officials told creditors during a virtual presentation on Thursday (30)
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The international community, especially the regional bigwigs, could not allow Sri Lanka to collapse because a Sri Lankan disaster would have an unavoidable spill-over effect on other South Asian states. Therefore, someone needed to bail Sri…
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The government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability, Human Rights Watch (HRW) said on Wednesday (29)
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Sri Lanka’s government on Wednesday (29) announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis
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Amnesty International Senior Director Deprose Muchena who is in Sri Lanka on an official visit will meet International Monetary Fund (IMF) representatives to discuss a 2.9 billion US dollar deal and its socioeconomic implications
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Since the end of World War II, the International Monetary Fund (IMF) and the United States (US) have been the world’s lenders of last resort, each wielding broad influence over the global economy. Now a new heavyweight has emerged in…
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Trade unions and professional associations in Sri Lanka have renewed a threat to go on strike if a promised meeting with President Ranil Wickremesinghe to discuss an interim solution to the International Monetary Fund (IMF)-backed income…
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A swap with the People Bank of China is to be extended for another three years from 2024, according to documents released with the approval of a deal with the International Monetary Fund (IMF)
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Sri Lanka may find itself drowning in the dead weight of external debt if the process of achieving debt sustainability is predicated on integrating back into the global economy through more loans and hypothetical opportunities in the…
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Sri Lanka is still on the rotten bridge, precariously balanced between sensible economics and insensible politics. The freefall of the economy has been halted. But it can resume, and spiral into societal anarchy, if the political war of…
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