COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of a four-year bailout programme, the ...

Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms for the International Monetary Fund to release a second tranche of $330 million in the ...

Sri Lanka's economy will grow by 4.5% this year, the central bank said in a monetary policy report on Friday, despite some ...

Asia Sri Lanka's debt-ridden economy gradually improving, IMF says 2022 economic crisis forced then-President Gotabaya Rajapaksa out of office Associated Press Published March 21, 2024 4:20pm EDT ...

COLOMBO (Reuters) -The International Monetary Fund (IMF) approved the second review of Sri Lanka's $2.9 billion bailout, but the global lender warned the economy remains vulnerable despite signs ...

Sri Lanka, in a statement issued recently has alleged that the National People’s Power (NPP) government excessively printed ...

The International Monetary Fund (IMF) announced on March 21, 2024, that it has reached a staff-level agreement with Sri Lanka regarding the next phase of financial assistance, granting access to ...

Sri Lanka has recovered strongly from the crisis caused by a record shortage of dollars, thanks to a $2.9-billion bailout from the IMF and efforts to cut inflation, rebuild reserves, and stabilise ...

Sustaining Sri Lanka's reform momentum is critical to safeguarding the country's macroeconomic stability, the International Monetary Fund said on Friday after its staff concluded a visit to the island ...

Sri Lanka owed EXIM $4.1 billion, or 11% of the country's foreign currency debt, as of the end of 2022. Sri Lanka is also in talks with IMF over a $2.9 billion bailout.

COLOMBO (Reuters) -The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue ...

The IMF agreed in March of this year to a $2.9 billion bailout package as Sri Lanka negotiates with its creditors to restructure the debt, aiming to reduce it by $17 billion.