Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
Category: Business Briefing
WATCH -Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt says its Fin. Minister
Bloomberg – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, accordingContinue Reading
Sri Lanka Finance Minister meets Managing Director and other senior officials of IMF
Sri Lanka Finance Minister Ali Sabry met Managing Director of IMF Kristalina Georgieva and Gita Gopinath First Deputy Managing DirectorContinue Reading
IMF says any loan to Sri Lanka requires debt sustainability; are at an early stage
WASHINGTON- The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an earlyContinue Reading
Sri Lanka says IMF to consider request for rapid aid
COLOMBO (Reuters) -The International Monetary Fund will consider providing quick financial assistance to debt-burdened Sri Lanka following representations by India,Continue Reading
World Bank planning new $170 billion crisis fund to help the poorest nations being buffeted by multiple crises: President
The World Bank is seeking to create a $170 billion emergency fund to help the poorest nations being buffeted byContinue Reading
Explainer-Sri Lanka’s reluctance to tap IMF helped push it into an economic abyss
COLOMBO (Reuters) – Sri Lanka’s worst economic crisis has triggered an unprecedented wave of spontaneous protests as the island nationContinue Reading
Analysis: Sri Lanka bondholders brace for big losses in debt restructuring
Summary Analysts calculate haircut of at least 20% needed Citi: debt service halt covers around 50% of public debt S&P,Continue Reading
Amid Sri Lankan economic crisis, apparel orders from island nation diverting to India
Countries importing textile products from Sri Lanka have now started moving towards Indian exporters as Sri Lanka continues to reelContinue Reading
Forex reserves declining in Nepal: Is the Himalayan kingdom going south the Sri Lanka way?
Nepal’s economy seems to be heading south, the Sri Lankan way. The country is facing an economic crisis that hasContinue Reading
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