The International Monetary Fund has reached an agreement with Sri Lanka’s government to provide it with a further $347 million under the four-year funding arrangement that both parties entered into in …
US’s Pompeo to visit Sri Lanka and Maldives as China threat looms
U.S. Secretary of State Mike Pompeo will visit Sri Lanka and the Maldives this month, officials of both Indian Ocean nations said on Tuesday, as Washington seeks to counter China’s growing influence …
Hotel group boss says Sri Lanka must rebrand as a value destination
Sri Lanka has been urged to move beyond “discount-led tourism” to focus on value over price.Minor International Group CEO Dillip Rajakarier said that the country should not be positioning itself as a …
Hotel group boss says Sri Lanka must invest more in value tourism
Hotel group boss says Sri Lanka must invest more in value tourism – ‘Tourists do not buy hotels. They buy a story’, said Minor International Group CEO …
AIIB supports Sri Lanka’s renewable energy with $52m loan
The Asian Infrastructure Investment Bank (AIIB) will lend $52m in sovereign-backed financing to Sri Lanka. This investment aims to unlock the country’s renewable energy potential and advance …
IMF, Sri Lanka reach staff-level agreement for $347 million in financing
The International Monetary Fund (IMF) has reached a staff-level agreement with Sri Lanka to complete the fifth review of its reform program, paving the way for access to about $347 million in …
IMF asks Sri Lanka to beef up anti-graft operations
COLOMBO: The International Monetary Fund asked cash-strapped Sri Lanka on Thursday (Oct 9) to strengthen its anti-corruption agency and accelerate prosecutions after a review of a bailout that began …
IMF Staff Reaches Staff-Level Agreement on the Fifth Review Under Sri Lanka’s Extended Fund Facility Arrangement
IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the Fifth Review of Sri Lanka’s reform program supported by the IMF’s Extended Fund …
Sri Lanka Arrests 47 Indian Fishermen, Seizes 5 Trawlers For Alleged Illegal Fishing
The Sri Lankan Navy arrested 47 Indian fishermen and seized five trawlers near Talaimannar for allegedly fishing illegally in Sri Lankan waters on Thursday.
Sri Lanka’s digitalisation targets US$ 15 Bn by 2030 – Deputy Minister
Aligning with Sri Lanka’s vision to become a digitally empowered economy by 2030, an Investor Forum for ‘Digital Economy Growth of Sri Lanka’ was held in Melbourne recently. Over 70 participants …