Move signals change of course to fuel a rebound in the economy as the island recovers from worst ever financial crisis.
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 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 ...
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 ...
Once again, the country is forced to seek a bailout from the IMF – with all the costs and benefits that entails. The ongoing economic crisis in Sri Lanka is one of the worst that the world has ...
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 ...
Cash-strapped Sri Lanka on Thursday sharply cut interest rates for the first time since it last year crashed into its worst ...
The International Monetary Fund said Tuesday it is assessing Sri Lanka's governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program. The IMF ...
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 ...
Economic crisis is at the heart of the political crisis in Sri Lanka Getty Images In this issue, we analyse whether this is a boon or a bane? The problem is that India’s family planning ...
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.
