Sri Lank must offload loss-making public enterprises, institute anti-corruption laws and recover stolen state assets. Read more at straitstimes.com.
IMF to assess Sri Lankan governance as part of $3B bailout
The International Monetary Fund says 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 approves crucial $3B bailout for bankrupt Sri Lanka
The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka …
Debt-stricken Sri Lanka to get first tranche of IMF bailout funds in two days
A man jumps off his scooter to protect himself from firecrackers as group of supporters of President Ranil Wickremesinghe celebrates while he addresses the nation, after the International Monetary Fun …
Sri Lanka secures $3 billion bailout package from IMF
The International Monetary Fund has approved a much-awaited bailout package worth $3 billion for Sri Lanka, officials of the international body confirmed on Tuesday, announcing aid that was termed …
IMF announces Sri Lanka programme aimed at island’s economic recovery
The objectives of the EFF-supported programme are to restore macroeconomic stability and debt sustainability, safeguarding financial stability, and stepping up structural reforms to unlock Sri Lanka’s …
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
Even before the announcement was made, late on Monday by a finance minister in the capital, Colombo, markets had breathed a sigh of relief. Sri Lanka’s stock market has jumped 6 percent this month, …
IMF Approves Sri Lanka’s $2.9bn Bailout
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.
Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan
Even before the announcement was made, late on Monday by a finance minister in the capital, Colombo, markets had breathed a sigh of relief. Sri Lanka’s stock market has jumped 6 percent this month, …
Best Workplaces in Manufacturing and Production Industry of Sri Lanka for 2023
Manufacturing and Production (M&P) for the domestic and international market has long played a pivotal role in Sri Lanka’s economic output. The World Bank estimates the manufacturing sector’s …