Sri Lanka to receive first tranche from IMF in next two days
COLOMBO, March 21 (Reuters) – Sri Lanka will receive the first tranche of about $330 million from the International MonetaryContinue Reading
Category: Asia
Full statement by IMF- Executive Board Approves US$3 Billion Under the New Extended Fund Facility (EFF) Arrangement for Sri Lanka
March 20, 2023 Full statement by IMF Communications Department Washington, DC: The Executive Board of the International Monetary Fund (IMF) approvedContinue Reading
Sri Lanka’s foreign bondholders eye GDP-linked bonds for debt restructuring – source
March 20 (Reuters) – Sri Lanka’s foreign private creditors are considering proposing swapping the country’s defaulted bonds for new securities where cashContinue Reading
Sri Lanka Seeks 10-year Debt Moratorium Ahead Of IMF Bailout
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said Monday on theContinue Reading
Sri Lanka to introduce new law bolstering Central Bank ‘s independence, accountability & inflation target
COLOMBO-Sri Lanka will introduce new central bank legislation aimed at bolstering the bank’s independence, accountability and also price stability inContinue Reading
Swiss bank Credit Suisse shares tank after Saudi backer rules out further assistance
Shares of Credit Suisse on Wednesday plunged to a fresh all-time low for the second consecutive day after a top investor inContinue Reading
Sri Lanka’s economy shrinks 7.8% in 2022
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggledContinue Reading
Strike grips Sri Lanka as unions protest IMF bailout
Bankrupt Sri Lanka’s hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxesContinue Reading
Gold Bling and BMWs- Pakistan politicians’ gift trove revealed
Pakistan politicians and government officials received a treasure trove of gifts from foreign dignitaries over the past two decades includingContinue Reading
Sri Lanka to announce debt restructuring strategy in April – Central bank chief
COLOMBO (Reuters) -Sri Lanka aims to announce a debt-restructuring strategy in April and step up talks with commercial creditors aheadContinue Reading
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