COLOMBO: Sri Lanka's new government has approved a controversial restructure of US$14.7 billion in foreign commercial credit ...

Sri Lanka has recently elected Anura Kumara Dissanayaka as its new president. The election was critical for Sri Lanka for three reasons—first, it was the first presidential election since the ...

An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.

Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary ...

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said ...

Sri Lanka's $12.5 billion bondholder debt restructuring has been backed by the IMF and bilateral creditors, including India, China, and Japan. This support provides a significant boost to the ...

Sri Lanka’s new president stuck to his campaign promises of reducing taxes and providing other relief to citizens in his ...

Leftist leader Anura Kumara Dissanayake won last month's presidential election promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular IMF bailout secured by C ...

Sri Lanka's new president Thursday urged the IMF to consider "alternative means" to continue with a $2.9 billion bailout that ...

Sri Lanka needs to complete the third review of its IMF programme in order to receive about $337 million in funds and support ...