Despite numerous requests, Beijing has not provided a "concrete debt relief framework," according to a report in Nikkei Asia. This reluctance could impact Sri Lanka's IMF bailout plans as China holds ...
COLOMBO (Reuters) - Sri Lanka's central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on low ...
The much-sought after bailout loan of $330 million by Colombo from the International Monetary Fund (IMF) has not materialised ostensibly after Beijing’s refusal to restructure bilateral loans it ...
COLOMBO, Oct 3 (Reuters) - Sri Lanka's central bank is expected to resume interest rate cuts on Thursday as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on ...
Sri Lanka’s Central Bank is expected to resume interest rate cuts tomorrow as it attempts to bolster a recovery from its worst economic crisis in decades, capitalising on low inflation to ...
COLOMBO -- Sri Lanka's diplomatic failure to secure a concrete debt relief framework from China, its largest bilateral lender, is blocking access to desperately needed cash under a $3 billion bailout ...
Lacille de Silva yesterday (03) said that MP Mahindananda Aluthgamage’s allegation that Finance Ministry and the House facilitated the sordid operations of tax dodgers had exposed both the government ...
COLOMBO: Sri Lanka’s economy is set to perform better than expected but still see a significant contraction in ...
Referring to the declaration made by IMF delegation head Peter Breuer that the second tranche of about $330m would be delayed pending Staff-Level Agreement, Prof. Peiris pointed out that Sri Lanka and ...
In March 2023, the International Monetary Fund (IMF) approved a LKR962.4 billion ($3 billion) bailout for Sri Lanka for a period of seven years, to support a recovery from its worst financial crisis.
Sri Lanka's economy is showing signs of recovery, with the World Bank projecting a better-than-expected performance for 2023, despite a significant contraction. The global financial institution ...
Thailand's central bank said on Tuesday it was closely watching movement in the baht currency , which it said is a result of external factors and in line with regional peers.
