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 Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMF bailout as the country battles its worst economic crisis.
China's influence in Sri Lanka has become so dominant that even though China is buying additional time to restructure its ...
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the ...
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 ...
The Asian Development Bank approved a $350 million loan on Monday for bankrupt Sri Lanka, buttressing an IMF bailout as the ...
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 ...
After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the ...
After topping global currency rankings this year, analysts are predicting tough times ahead for the Sri Lankan rupee as the ...
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 ...
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF ...
China's role as Sri Lanka's main creditor has drawn global attention, as the delay caused by China in obtaining the IMF ...
