IMF chief says Sri Lanka stabilised, pledges more help
COLOMBO (AFP) IMF chief Kristalina Georgieva pledged to support Sri Lanka’s economic recovery, praising the cash-strapped nation’s “remarkable turnaround” during onlineContinue Reading
Category: Business
Sri Lanka signs $2.5b debt deal with Japan
(AFP)-Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateralContinue Reading
Sri Lanka should avoid tax exemptions, focus on passing budget- IMF
COLOMBO, March 4 (Reuters) – Sri Lanka should avoid tax exemptions and focus on passing a national budget that isContinue Reading
IMF’s executive board approves third review of Sri Lanka’s $2.9 billion bailout
COLOMBO (Reuters) – The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Friday,Continue Reading
Sri Lanka’s budget likely to lead to slower fiscal consolidation, says Moody’s
COLOMBO (Reuters/AFP) – Sri Lanka’s budgeted expenditure for 2025 will likely lead to a wider fiscal deficit and slower-than-expected fiscalContinue Reading
Sri Lanka’s New President Presents First Budget With Focus on Crisis Recovery
COLOMBO (Reuters) – Sri Lanka’s new President Anura Kumara Dissanayake will outline the government’s revenue and policy goals in hisContinue Reading
Sri Lanka says talks on with Adani Group to lower wind power purchase cost
COLOMBO, Jan 28 (Reuters) – The Sri Lankan government has started talks with India’s Adani Group to lower the costContinue Reading
‘False and misleading’: Adani Group rejects reports of power contract cancellation by Sri Lanka
The Adani Group on Friday denied reports that its 484 MW wind power projects in Sri Lanka’s Mannar and Pooneryn had beenContinue Reading
Sri Lanka revokes power purchase deal with Adani Group, AFP reports
Sri Lanka has revoked a power purchase deal with India’s Adani Group after a probe into U.S. allegations that theContinue Reading
Sri Lanka agrees with China’s Sinopec to fast-track $3.7 billion refinery
COLOMBO (Reuters) -Sri Lanka’s foreign minister said on Wednesday that the South Asian island nation had signed an agreement withContinue Reading
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