Sri Lanka inflation to reach 5% target in Q3-Q4: CBSL official

The island nation defaulted on its overseas debt in May 2022 after depleted foreign exchange reserves triggered the...

Despite signs of stabilisation, full recovery not assured: IMF

Despite early signs of stabilisation, full economic recovery in Sri Lanka is not yet assured, the International...

Sri Lanka Parliament to hold session on debt restructuring

In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a...

IMF urges Sri Lanka to decide on debt restructuring: Report

China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the...

Spectre of potential default looms large over Pak economy: Report

The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani...

Sri Lankan envoy interacts with concurrent diplomats in New Delhi

Sri Lanka's High Commissioner to India Milinda Moragoda had an interactive session with the New Delhi-based Trade...

Sri Lankan economy to grow in 2024 after contracting this year

The IMF official said the country's economic prospects hinge quite critically on the implementation of the economic...

India's key role in IMF's clearance of worth USD 2.9 bn to Lanka

India earnestly supported Sri Lanka in this arduous journey of mobilizing IMF support amid a serious foreign...

IMF approves USD 3 billion under New Extended Fund Facility

Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant...

Sri Lankan President welcomes financial assurances from creditors

Wickremesinghe stated that he and Sri Lanka's Central Bank Governor signed the agreement and sent it to IMF. He...

IMF board to consider Sri Lanka's bailout package on March 20

IMF noted that the financial assurances from creditors paves the way for consideration of approval of the...

Sri Lanka witnesses economic and political crisis in 2022

People of Sri Lanka demanded the resignation of President Gotabaya Rajapaksa and Prime Minister Mahinda Rajapaksa as...