Search For "imf sri lanka"
Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official
Updated : 2 years ago IST
The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the worst financial crisis since its Independence.
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Despite signs of stabilisation, full recovery not assured: IMF on Sri Lank
Updated : 2 years, 5 months ago IST
Despite early signs of stabilisation, full economic recovery in Sri Lanka is not yet assured, the International Monetary Fund (IMF) said on Wednesday, Colombo Gazette reported.
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Sri Lankan economy to grow in 2024 after contracting this year: IMF
Updated : 2 years, 10 months ago IST
The IMF official said the country's economic prospects hinge quite critically on the implementation of the economic reform program it had agreed in particular for five key areas.
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Sri Lanka to see degrowth in 2023, gradual recovery expected next year: AD
Updated : 2 years, 11 months ago IST
Sri Lanka's economy is estimated to contract again in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, according to Asian Development Bank.
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Of Sri Lanka's total USD 3-bln IMF package, USD 330-mln to be immediately
Updated : 2 years, 11 months ago IST
Sri Lanka has been facing a severe economic crisis as a result of past policy missteps and economic shocks.
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years ago IST
Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He noted that a response from IMF is expected this month followed by funds from World Bank and Asian Development Bank.
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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 2 months ago IST
People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as they blamed their government for the mismanagement of the country's economy.
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China acts as impediment to Sri Lanka's IMF deal
Updated : 3 years, 2 months ago IST
Debt restructuring is one of the prerequisites of the IMF's bailout package for Sri Lanka. The process is, however, getting delayed due to Sri Lanka's dire situation and a delay in concrete commitment from China, the island nation's largest bilateral lender. Sri Lanka seems to be missing its
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Sri Lanka: Opposition party vows not to give national assets to redeem loa
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 3 (ANI): Sri Lanka's main Opposition party Samagi Jana Balawegaya vowed in the Parliament on Friday that it would not let the government sell their national assets to redeem its loan obligations to China.
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IMF delegation to visit Sri Lanka next week
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], August 20 (ANI): A delegation of the International Monetary Fund (IMF) is all set to visit Sri Lanka next week.
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Wickremesinghe urges parties to find ways to repay loans as unrest delayed
Updated : 3 years, 7 months ago IST
Colombo [Sri Lanka], July 31 (ANI): Sri Lanka's President Ranil Wickremesinghe on Sunday said that the unrest had delayed a possible deal with the International Monetary Fund to help pull the bankrupt nation out of its economic crisis and urged political parties must work together on find
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In talks with IMF, Sri Lanka is participating as bankrupt country: PM Rani
Updated : 3 years, 8 months ago IST
Colombo [Sri Lanka], July 5 (ANI): Sri Lanka Prime Minister Ranil Wickremesinghe on Tuesday said that the island country is participating in negotiations with the International Monetary Fund (IMF) as a bankrupt country.
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