Move signals change of course to fuel a rebound in the economy as the island recovers from worst ever financial crisis.
Sri Lanka's central bank cut its key interest rates by 250 basis points on Thursday amid easing inflationary pressures, ...
Sri Lanka's president said Monday that the International Monetary Fund has approved its request for a $2.9 billion bailout, raising hopes for an easing of the island nation's dire economic crisis.
The IMF, which extended a USD 3 billion bailout facility to debt-ridden Sri Lanka, is currently on a consultation mission here to check on the country’s progress of the programme ahead of the ...
Colombo, Apr 28 (PTI) Sri Lanka's Parliament on Friday approved the much-needed USD 3 billion IMF bailout package to revive the island's economy which was hit hard by a catastrophic economic and ...
The IMF on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall ...
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF ...
The International Monetary Fund asked Sri Lanka Tuesday to speed its debt restructuring and warned any delays could undermine efforts to overcome the country's worst economic crisis.
The IMF has expressed hope that Sri Lanka's debt restructuring process would be completed by September, which is also the time for the global lender's formal review of the bailout facility it ...
Cash-strapped Sri Lanka on Thursday sharply cut interest rates for the first time since it last year crashed into its worst economic crisis, with the central bank saying the country was showing signs ...
Cash-strapped Sri Lanka is exploring the options for domestic debt restructuring in the post-IMF bailout scenario to further stabilise its shaken economy, an official statement said on Friday.
