Search For "sri lanka imf"
Sri Lanka inflation to reach 5% target during Q3-Q4: Central bank official
Updated : 2 years, 3 months 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, 8 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 Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 11 months ago IST
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.
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IMF urges crisis-hit Sri Lanka to decide on debt restructuring, including
Updated : 2 years, 12 months ago IST
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF bailout is being closely monitored and questioned. Similarly, China, being a major creditor of Sri Lanka, closely observes other countries' actions regarding an IMF bailout
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Spectre of potential default looms large over Pakistan's economy: Report
Updated : 3 years ago IST
The consequences of a default for Pakistan's economy would be dire with hyperinflation, devaluation of the Pakistani rupee, a near-halt in imports, the closure of more factories, an increase in unemployment and political and social unrest.
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Sri Lankan envoy interacts with commercial diplomats concurrently accredit
Updated : 3 years ago IST
Sri Lanka's High Commissioner to India Milinda Moragoda had an interactive session with the New Delhi-based Trade Commissioners/ Commercial Diplomats concurrently accredited to Sri Lanka today at the High Commission premises.
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Sri Lankan economy to grow in 2024 after contracting this year: IMF
Updated : 3 years 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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India plays key role in IMF's clearance of 48-month EFF worth USD 2.9 bill
Updated : 3 years, 1 month ago IST
India earnestly supported Sri Lanka in this arduous journey of mobilizing IMF support amid a serious foreign exchange crisis and consequent harsh economic conditions.
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IMF Executive Board approves USD 3 billion under New Extended Fund Facilit
Updated : 3 years, 2 months ago IST
Sri Lanka has been hit hard by a catastrophic economic and humanitarian crisis. The economy is facing significant challenges stemming from pre-existing vulnerabilities and policy missteps in the lead-up to the crisis, further aggravated by a series of external shocks, according to a release
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Sri Lankan President welcomes financial assurances from creditors, highlig
Updated : 3 years, 2 months 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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IMF board to consider approval of Sri Lanka's bailout package on March 20
Updated : 3 years, 2 months ago IST
IMF noted that the financial assurances from creditors paves the way for consideration of approval of the state-level agreement reached on September 1.
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Year Ender: Sri Lanka witnesses economic, political crisis and mass protes
Updated : 3 years, 5 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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