The much-sought after bailout loan of $330 million by Colombo from the International Monetary Fund (IMF) has not materialized ostensibly after Beijing’s refusal to restructure bilateral loans it extended to the Indian Ocean island – a fast friend till recently.
Launch of India-Lanka ferry service truly big step: EAM Jaishankar
The launch of a passenger ferry service from Tamil Nadu’s Nagapattinam to Kankesanthurai near Jaffna in Sri Lanka is a truly big step for boosting people-to-people contacts, External Affairs Minister …
Nepal makes strides in Global Hunger Index while India grapples with greater hunger challenges
The findings of the 16th edition of the Global Hunger Index for 2023 were unveiled on Thursday. Notably, Nepal and Sri Lanka have shown remarkable improvements among South Asian nations, while the situation in India has raised concerns.
Aussie- Lanka Business Council Organizes Sri Lanka Tourism Forum
Consul General of Sri Lanka in Melbourne Sandith Samarasinghe participated as the guest speaker in the Sri Lanka Tourism Forum organized by the Australia-Sri Lanka Business Council on 26 September …
Sri Lanka Reaches Agreement With China’s EXIM Bank on Debt
The finance ministry said in a statement issued Wednesday that the agreement covers $4.2 billion in outstanding debt and is an important step toward Sri Lanka’s economic recovery. The statement said the deal provides the necessary fiscal space for Sri …
Hilton debuts new Sri Lanka resort
Hilton has marked the opening of Hilton Yala Resort, Hilton’s third flagship-branded property in Sri Lanka. Just outside Yala National Park, the Sri Lanka resort offers views overlooking the Indian …
Sri Lanka confirms major debt deal with China covering USD 4.2 billion of outstanding debt
China holds about 52 per cent of Sri Lanka’s USD 46 billion external credit. COLOMBO: The Sri Lankan government has confirmed that it has concluded a preliminary deal with China on the restructuring …
Sri Lanka confirms major debt deal with China covering USD 4.2 billion of outstanding debt
China holds about 52 per cent of Sri Lanka’s USD 46 billion external credit. COLOMBO: The Sri Lankan government has confirmed that it has concluded a preliminary deal with China on the restructuring of its debts to Beijing,
Sri Lanka says China debt deal covers $4.2 billion as other talks drag on
By Uditha Jayasinghe, Jorgelina do Rosario and Leika Kihara COLOMBO/MARRAKECH (Reuters) – Sri Lanka said on Thursday it reached an agreement with the …
Sri Lanka says China Exim Bank to restructure US$4.2bn ‘in principle’
Sri Lanka and the Exim Bank of China has agreed on key principles to restructure 4.2 billion US dollars in loans, Sri Lanka’s Finance Ministry said in a statement.