IMF cuts global growth forecast for next year, warns ‘the worst is yet to come’
KEY POINTS The International Monetary Fund predicts global growth will slow to 2.7% next year, 0.2 percentage points lower than its July forecast,Continue Reading
Category: Business
Japan says no pact yet with Sri Lanka on debt restructure talks
TOKYO (Reuters) -Japan has not yet reached an agreement to co-chair a debt summit with Sri Lanka’s creditors, a governmentContinue Reading
UN extends Sri Lanka war-time violations monitoring, calls government to investigate & prosecute officials who triggered country’s worst financial crisis
GENEVA (Reuters) -The U.N. rights body on Thursday renewed the mandate of a U.N. office to collect and preserve evidenceContinue Reading
Sri Lanka’s key inflation rate surges to record, keeps central bank pressured
COLOMBO (Reuters) -A key measure of Sri Lanka’s consumer inflation surged to an annual record 69.8% in September, official dataContinue Reading
Economic storm tests UK’s new leader, alarms Conservatives
LONDON (AP) — New British Prime Minister Liz Truss came under growing pressure Wednesday from opponents — and inside herContinue Reading
Asian Development Bank vows more help for crisis-hit Sri Lanka
MANILA/TOKYO (Reuters) – The Asian Development Bank (ADB) is ready to provide further financial support to Sri Lanka, a topContinue Reading
Sri Lanka aims for December board approval of $2.9 bln IMF programme – sources
LONDON, Sept 23 (Reuters) – Sri Lanka expects the International Monetary Fund board to approve a $2.9 billion programme byContinue Reading
Sri Lanka inflation rate surges to 70.2% in August
(Reuters) – Consumer inflation in Sri Lanka accelerated to 70.2% in August, the statistics department said on Wednesday, as theContinue Reading
India starts debt-restructuring talks with Sri Lanka, vows support
COLOMBO (Reuters) -India said on Tuesday it had begun talks with Sri Lanka on restructuring its debt and promised toContinue Reading
Sri Lanka to present debt restructuring, IMF bailout plans to creditors on Friday
Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of itsContinue Reading
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