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.
IMF says Sri Lanka debt talks ongoing, unaware of specific deals
The International Monetary Fund had not been informed about any specific agreements regarding Sri Lankan debt talks, a fund official said on Wednesday, after China announced it had come to an …
Loud Chants for Pakistan From Indian Crowd Rock Hyderabad Stadium
During the historic Cricket World Cup match between Pakistan and Sri Lanka, Hyderabad Stadium witnessed a historic and exciting moment. The atmosphere was …
IMF: Sri Lanka’s talks with creditors ongoing, unaware of specific deals
By Jorgelina do Rosario MARRAKECH (Reuters) -Discussions between Sri Lanka and all its creditors are ongoing, though the International Monetary Fund has not been informed about any specific agreements …
China’s EXIM bank extends agreement to restructure Sri Lanka’s foreign debt
China’s EXIM Bank has extended an initial agreement to restructure Sri Lanka’s foreign debt, the island nation’s finance ministry said in a statement on Wednesday.