Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
Sri Lanka seeks 10-year debt moratorium ahead of IMF bailout
Sri Lanka President Ranil Wickremesinghe did not give details of his plans to restructure Sri Lanka’s $46 billion external debt.
Economic devastation worsens as Sri Lankan government imposes IMF austerity
Wickremesinghe says the country will have to repay an average $7 billion in foreign loan debts annually until 2029, making clear that the regime functions as a direct agent of global finance capital.
IMF to approve $2.9 bn bailout package for Sri Lanka: Central bank governor
The IMF package will include budgetary support to Sri Lanka’s government, which is a new element in IMF lending, he added …
New venture to address needs of Sri Lanka’s senior citizens
They are Nirmal De Silva, an award winning business leader; Sanjeew Perera – technology … of merchants listed on their websites and organise 100 programmes across Sri Lanka targeting senior citizens …
Black Caps on track for victory over Sri Lanka in second test at Basin Reserve
Second test, day three, Basin Reserve: New Zealand 580-4 dec versus Sri Lanka 164 (Dimuth Karunaratne 89; Matt Henry 3-44, Michael Bracewell 3-50) and 113-2 (Karunaratne 51, Kusal Mendis 50). When Sri Lanka went to lunch on day three, they appeared to have …
CMS Celebrates its 25th anniversary in Sri Lanka
CMS, one of the best-established IT companies in Sri Lanka, celebrated its 25th anniversary with a gala celebration on March 7, 2023, at the Lotus Ballroom, Shangri La Colombo. The Director-General of BOI,
Kane Williamson and Henry Nicholls redouble Sri Lanka woes
Kane Williamson and Henry Nicholls both scored double centuries and shared a partnership of 363 as New Zealand flayed Sri Lanka’s bowling to rack up an imposing 580/4 declared on the second day of the second Test on Saturday. In response, Sri Lanka were …
India says everything should fall in place for Sri Lanka after IMF Executive Board Decision on March 20
By Sanath Nanayakkare in India Sri Lanka’s economic recovery process will gather momentum after the International Monetary Fund (IMF) grants an extended fund facility of USD 2.9 billion dollars, says Puneet Agrawal,
New Zealand vs Sri Lanka 2nd Test: Kane Williamson, Henry Nicholls hit double tons as NZ punish Sri Lanka on Day 2
NEW DELHI: Star batter Kane Williamson and Henry Nicholls scored double centuries as New Zealand flayed Sri Lanka’s bowling to post an imposing 580 for four declared on Day 2 of the second Test on …