"I thank the IMF for approving Sri Lanka's program under the Extended Fund Facility. We are committed to full transparency in our efforts to achieve sustainable levels of debt and our reform agenda. The IMF program is critical to achieving this vision," the Sri Lankan President tweeted on M
China's Sinopec has pledged to invest in Sri Lanka's southern district of Hambantota at a meeting with the island nation's president, Ranil Wickremesinghe, the President's Media Division (PMD) said, Economy Next reported. The move comes as Beijing seeks to consolidate investments in the isla
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.
Making a special address in Parliament, the President said that the EXIM Bank of China last night handed over a new letter of assurance pertaining to Sri Lanka's debt restructuring, according to Newswire.
With a focus on boosting security and fostering economic growth, India and the US have recently strengthened their strategic alliance in the Indo-Pacific region
Prime Minister Narendra Modi on Saturday called Jaffna Cultural Centre, which was inaugurated on Saturday, an "important initiative" signifying the close cooperation between India and Sri Lanka.
Appreciating the Indian government's efforts to support Sri Lanka during its financial crisis, Sri Lankan President Ranil Wickremesinghe during the dedication of Jaffna Cultural centre to the people of Sri Lanka said that the two countries are having discussions for the economic developme
Sri Lankan President Ranil Wickremesinghe expressed gratitude to Prime Minister Narendra Modi and called the Jaffna Cultural Centre a "major project" between the two nations.
Built with an Indian government grant, the centre will stand as a symbol of the growing bilateral and developmental ties between New Delhi and Colombo.