IMF approves Sri Lanka’s $2.9bn bailout | Business and Economy News
Sri Lanka’s president has said that the International Monetary Fund (IMF) has approved its request for a $2.9bn bailout and the country’s presidency said the…
Sri Lanka’s economy shrank by record 7.8 percent last year | Business and Economy News
The contraction is the biggest in the crisis-hit island nation’s 75 years of independence. Sri Lanka’s crisis-hit economy shrank by a record 7.8 percent last…
Sri Lanka unions stage strike to protest against IMF bailout plan | News
Public sector workers demand the government roll back high taxes imposed as a precondition to unlock $2.9bn IMF loan. Thousands of workers at hospitals, schools…
The G20 could help fix Sri Lanka’s debt crisis. Will it step up? | Business and Economy
In February, the finance ministers of G20 countries met to discuss the challenges facing the global economy. It was a missed opportunity to help Sri…
Sri Lanka expects IMF nod for $2.9bn package after China’s help | International Monetary Fund News
Sri Lanka expects final approval from the International Monetary Fund (IMF) for a $2.9bn loan in the third or fourth week of this month, says…
Sri Lanka says ‘positive news’ coming from IMF on $2.9bn package | Business and Economy
Sri Lankan President Ranil Wickremesinghe expected to address parliament on progress made in IMF negotiations. Sri Lanka is on the verge of getting “very positive…
Sri Lanka raises rates, relaxes currency band to secure IMF funds | Business and Economy News
The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948. Sri Lanka’s central bank has…
Half of Sri Lanka families reducing children food intake: Charity | Child Rights News
Colombo, Sri Lanka – Sri Lanka’s economic meltdown has spiralled into a full-blown hunger crisis, with half of the families in the island nation forced…
Sri Lanka’s Chinese-built port city stirs white elephant fears | Business and Economy
Colombo, Sri Lanka – As far as many residents of Sri Lanka’s capital are concerned, the last thing their island nation needs in the midst…
Sri Lanka may return to growth by yearend, says president | Business and Economy News
The government wants the country to exit bankruptcy by 2026, President Ranil Wickremesinghe tells Parliament. Sri Lanka’s economy is expected to grow again from the…
Sri Lankan FM: Bad luck and bad policies caused economic crisis | Business and Economy
From: Talk to Al JazeeraForeign Minister Ali Sabry discusses his country’s worst financial collapse since its independence in 1948. Last year, thousands of Sri Lankans…
Sri Lankans lament Independence Day pomp amid economic crisis | News
Armed troops parade in Colombo amid criticim over the event’s cost at a time of dire economic crisis. Sri Lankans have protested in the capital…
Is debt cancellation the way forward for Sri Lanka? | Business and Economy News
Colombo, Sri Lanka – More than 180 prominent economists and development experts from around the world have made a global appeal to Sri Lanka’s financial…