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
Tag: Economy
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
Sri Lanka Cricket initiates defamation lawsuit against Sports Minister
Sri Lanka Cricket (SLC) has initiated a defamation lawsuit against the country’s Sports Minister Roshan Ranasinghe, continuing the crisis ofContinue Reading
Sri Lanka Supreme Court holds Rajapaksa bros, top officials responsible for worst economic crisis; does not order any punishment
COLOMBO (Reuters) – Sri Lanka’s top court ruled on Tuesday that former President Gotabaya Rajapaksa and his brother, former PrimeContinue Reading
Sri Lanka’s 2024 budget sets ambitious revenue, deficit targets
COLOMBO (Reuters) -Sri Lanka’s government projected a lower-than-anticipated budget deficit for 2024 on Monday on the back of a significant jump inContinue Reading
Inconsistency to blame for Sri Lanka’s poor World Cup, says coach Silverwood
BENGALURU, Nov 10 (Reuters) – Sri Lanka’s inconsistency cost them dear at the World Cup, coach Chris Silverwood said afterContinue Reading
Sri Lanka balances polls and crisis recovery in 2024 budget deliberations
COLOMBO (Reuters) – Sri Lanka President Ranil Wickremesinghe will seek to boost tax revenue and rationalise spending in the government’sContinue Reading
IMF says it has yet to see details of debt deal between China EXIM, Sri Lanka
BEIJING, Nov 7 (Reuters) – The International Monetary Fund has not yet seen details of the debt deal between theContinue Reading
