In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
Colombo [Sri Lanka], April 27 (ANI): Amid nationwide protests and growing calls for his resignation, Sri Lanka Prime Minister Mahinda Rajapaksa has said that he will step down if he loses the majority in the Parliament.
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri