Sri Lanka is negotiating with India to extend a $1 billon credit line by a few months, two sources told Reuters, as the island nation tries to line up funds for the rest of the year while the IMF …
Sri Lanka’s economy shows signs of improvement
Colombo (AsiaNews) – Sri Lanka’s foreign exchange reserves reached US$ 2.1 billion last month after falling to US$ 1.7 billion in September 2022. According to Finance Ministry officials, reserves …
W15: An Exquisite Blend Of English Colonial Charm And Sri Lankan Culture
The estate is a treasure, hidden away from the masses, waiting to be discovered by those who crave something beyond the ordinary …
With China’s support, Sri Lanka expects nod for $2.9 billion IMF deal
Sri Lanka expects final approval from the International Monetary Fund for a $2.9 billion loan in the third or fourth week of this month, the president said on Tuesday, adding that with fresh support …
China backs Sri Lanka debt recast, paves way for $2.9-billion IMF lifeline
The bailout will pave the way for more funding and set the bankrupt nation’s debt restructuring on a steadier path since last year’s default …
China backs Sri Lanka debt recast, paves way for $2.9-billion IMF lifeline
The bailout will pave the way for more funding and set the bankrupt nation’s debt restructuring on a steadier path since last year’s default …
China Backs Sri Lanka Debt Plan, Sources Say, Paving Way for IMF Loan
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary …
China Backs Sri Lanka Debt Plan, Sources Say, Paving Way for IMF Loan
China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the South Asian nation to secure a $2.9 billion bailout from the International Monetary …
ComBank adjudged ‘Best SME Bank’ in Sri Lanka by Global Finance
Commercial Bank’s Chief Operating Officer S. Prabagar (left) accepting the award in LondonCommercial Bank of Ceylon’s impactful efforts to support the local SME sector were recently acknowledged on a …
India, Sri Lanka mulling over using Indian Rupee for economic transactions
India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions and have discussed the initiative that will help in building a stronger and closer partnership …