The International Monetary Fund on Tuesday offered to revise the terms of a $2.9 billion bailout loan to cash-strapped Sri Lanka, should the United States reinstate punitive tariffs on exports.
Govt. keen on favorable outcome before 90-day pause on Trump tariffs ends
The Sri Lankan government is confident of arriving at a favorable outcome regarding the reciprocal tariffs imposed by United States President Donald Trump, before the lapse of the temporary 90-day …
Sri Lanka’s next great retreat has just seven suites and one wild shore
Located on Sri Lanka’s south coast, Tangalle is a place of rugged beauty, battered relentlessly by the furious Indian Ocean. The opening of Uga Prava in May, however, will instil a sense of calm on …
Trump’s tariffs threaten Sri Lanka’s fragile economic recovery
Sri Lanka was on the verge of bankruptcy. If U.S. President Donald Trump’s imposes his proposed tariffs, the country’s textile exports will be at risk, and a new debt crisis could loom.
How integrity drives Sri Lanka’s reforms
A public pursuit of better governance, as well as conditions set by an international lender, helps roll back an era of corruption.
A Sri Lankan Feast on a Tropical Modernist Estate
The chef Cynthia Shanmugalingam cooked a meal that celebrated the country’s heirloom produce and homegrown creative culture.
Expert says franchising Sri Lanka’s safest bet for achieving swift economic growth
Additional Director General Sonya Chowdhry yesterday highlighted the potential of franchising as a low-risk and proven approach to stimulate economic recovery, propelling the nation towards its lofty …
IMF reaches agreement with Sri Lanka on $344m
The International Monetary Fund announced Friday it had reached agreement on a loan program review with Sri Lanka which will make around $344 million available to support the country’s economic …
ComBank adjudged ‘Best Bank in Sri Lanka’ by Global Finance for 23rd year
The Commercial Bank of Ceylon has once again been recognised as the ‘Best Bank in Sri Lanka’ by the US-based Global Finance magazine, conferring this coveted accolade on the bank for an unprecedented …
IMF Gives Initial Nod to Sri Lanka for $344 Million Loan Tranche
The International Monetary Fund reached a staff level agreement with Sri Lanka, paving the way toward unlocking the next tranche of funds under an existing $3 billion loan program.