Sri Lanka showing signs of recovery but challenges remain, says IMF
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka’s economic reform program is yielding the first signs of recovery, but theContinue Reading
Tag: Economy
Sri Lanka’s Colombo Port Sees Jump in Traffic Amid Red Sea Tensions
COLOMBO (Reuters) – Sri Lanka’s Colombo port has seen a big jump in container volumes in recent weeks as vesselsContinue Reading
Sri Lanka President says country will deploy naval vessel in Red Sea to fight Houthi attacks
(PTI)-President Ranil Wickremesinghe has announced that Sri Lanka will provide a Navy vessel to fight attacks by Houthi rebels onContinue Reading
Sri Lanka Raises Taxes Ahead Of Foreign Debt Deal
(AFP)-Sri Lanka slapped a new 18 percent value added tax (VAT) on fuel, mobile phones and computers from Monday toContinue Reading
Sri Lanka sees forex reserves exceeding $4 billion after fresh funding
COLOMBO (Reuters) -Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month,Continue Reading
Sri Lanka’s economy returns to growth, led by agriculture
COLOMBO (Reuters) – Sri Lanka’s economy grew by 1.6% in the quarter from July to September, official data showed onContinue Reading
Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official
COLOMBO (Reuters) -The second review of Sri Lanka’s $2.9 billion bailout with the IMF could be completed in the firstContinue Reading
Sri Lanka experiences a temporary power outage after a main transmission line fails
COLOMBO, Sri Lanka (AP) — Sri Lanka experienced an island-wide power outage for several hours Saturday after a system failureContinue Reading
Sri Lanka to receive about $600m ADB funding post-IMF approval – official
COLOMBO (Reuters) – Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank afterContinue Reading
Sri Lanka reaches debt restructuring deal with creditor nations – government source
COLOMBO (Reuters) – Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but isContinue Reading
