Sustaining Sri Lanka's reform momentum is critical to safeguarding the country's macroeconomic stability, the International ...

De Silva, a senior member of Sri Lanka’s Samagi Jana Balawegaya party and former minister for economic reforms, highlighted ...

Colombo, August 11 (IANS): Recalling India's massive support during Sri Lanka's unprecedented economic crisis, a Lankan MP ...

The US tariff on Sri Lanka will exacerbate the country’s economic crisis and the already huge IMF-dictated burdens on the ...

Sri Lanka increased income taxes sharply and removed electricity and fuel subsidies, fulfilling prerequisites of the IMF program. Authorities must now discuss with Sri Lanka’s creditors how to ...

Sri Lanka’s economic crisis has been exacerbated by its reliance on International Monetary Fund (IMF) bailout packages, which ...

Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its ...

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 ...

Treasury Secretary Mahinda Siriwardana stated that the current 17th IMF programme which includes an Extended Fund Facility (EFF) arrangement worth nearly US$ 3 billion, should be Sri Lanka's last ...

The executive board of the International Monetary Fund approved a loan worth $3 billion to help Sri Lanka through the financial crisis that has had the nation in a rolling economic and political ...

An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also open up financial support from other institutions. "Sri Lanka has been facing ...

China and India are Sri Lanka’s biggest lenders. By end-2020, Sri Lanka owed the Export-Import Bank of China $2.83 billion or 3.5% of the island’s external debt, according to IMF data.