This week the IMF Board approved its long-awaited programme for crisis-ridden Sri Lanka with an Extended Fund Facility (EFF) of about US$3 billion to support Sri Lanka’s economic policies and reforms.
NZ vs SL 2023, 1st ODI: Henry Shipley’s maiden five-for crush Sri Lanka in Auckland by 198 runs
New Zealand thrashed Sri Lanka by 198 runs in the first ODI at Eden Park in Auckland on Saturday. Chasing 275, the Sri Lankan team skittled on a mere 76, courtesy of a maiden five-wicket haul by lanky …
What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka?
The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka.
Japanese investors keen to explore investment opportunities in Sri Lanka
property development and real estate. Speaking at the meeting, the State Minister opined “Sri Lanka has come a long way in making reforms and progress since the economic crisis. The approved IMF …
IMF declares its Sri Lankan program a “brutal experiment”
In reality, the IMF loan is tied to an unprecedented austerity program that effectively puts the country under the governance of this institution of international finance capital. IMF mission chief …
Sri Lanka reels from aftershocks of debt crisis
We’ll send you a myFT Daily Digest email rounding up the latest Sri Lanka news every morning. On Colombo’s seafront promenade Galle Face, once a hub for anti-government protesters, a brother and …
Sri Lanka reels from aftershocks of debt crisis
We’ll send you a myFT Daily Digest email rounding up the latest Sri Lanka news every morning. On Colombo’s seafront promenade Galle Face, once a hub for anti-government protesters, a brother and …
Barista becomes the largest coffee chain in Sri Lanka
Rajat Agrawal, chief executive officer of Barista, said the company is planning to increase its presence in Maldives, Bangladesh, Nepal, Myanmar and the Middle East …
Like Pakistan, Sri Lanka’s fate too hanging in limbo on international bailout package amid financial crisis
India’s neighbour Sri Lanka, similar to Pakistan, is falling into a deeper economic crisis as the international bailout package from the International Monetary Fund (IMF) hangs in limbo. Sri Lanka’s …
Liberal MP Gary Anandasangaree calls Sri Lanka a ‘failed and bankrupt state’
A government MP and parliamentary secretary to a cabinet minister is calling Sri Lanka “a failed and bankrupt state” as the country receives another international bailout.