China is Sri Lanka’s largest bilateral lender. Sri Lanka, home to a population of 22 million, is facing its worst economic crisis in more than seven decades and is renegotiating around $30 billion of …
Sri Lanka is and will remain a middle-income country
The International Monetary Fund (IMF) said that Sri Lanka is and will remain a middle-income country even after a decline in the Gross Domestic Product (GDP). Mixed sentiments were expressed by the …
Bangladesh Expects Sri Lanka To Repay $200 Million By March 2023
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023.
Debt restructuring talks underway with IMF, India, China: Sri Lanka President
Sri Lanka reached a staff-level agreement with the IMF in late August for a USD 2.9 billion rescue package over 4 years. Its completion hinges on assurances from Sri Lanka’s creditors on debt …
Debt restructuring talks underway with IMF, India, China: Sri Lanka Prez
Sri Lanka has started debt restructuring talks with the IMF, India and China, President Ranil Wickremesinghe said, exuding confidence that discussions will help the country overcome economic crisis …
CCC’s Sri Lanka Economic Summit 2022 in December
The Sri Lanka Economic Summit (SLES) 2022, annually organised by the Ceylon Chamber of Commerce (CCC), will be held under the theme ‘Resetting from Turmoil to Opportunity’, on December 5-6 at the …
India romp to seventh Women’s Asia Cup title with easy win over Sri Lanka
India maintained their dominance in the Women’s Asia Cup with an eight-wicket demolition of a self-destructing Sri Lanka in the final here on Saturday for their seventh title in eight editions.
Women’s Asia Cup: Renuka’s powerplay helps India restrict Sri Lanka to 65/9
Fiery powerplay spell from pacer Renuka Singh and top-notch performance by spinners Sneh Rana and Rajeshwari Gayakwad helped India restrict Sri Lanka to 65/9 …
IMF and Sri Lanka discuss steps to be taken to secure funds
The International Monetary Fund (IMF) and Sri Lanka had further discussions on the steps Sri Lanka must take to obtain approval for the proposed Extended Fund Facility (EFF) programme. The Sri Lankan …
Sri Lankan officials meet creditors, Chinese Finance Minister calls President
The Sri Lanka team was led by Central Bank Governor Nandalal Weerasinghe and Treasury Secretary Mahinda Siriwardene. They were assisted by financial and legal advisers Lazard and Clifford Chase. They …