Sri Lanka central bank says sovereign lenders yet to outline debt talks plans
WASHINGTON/COLOMBO (Reuters) – Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the countryContinue Reading
Tag: Economy
Sri Lanka Keeps Key Rate at 16.5% After Clinching IMF Loan
COLOMBO (Reuters) -Sri Lanka’s central bank kept interest rates steady on Tuesday and expressed optimism that prices would decelerate sharplyContinue Reading
Sri Lanka’s key inflation rate Still Elevated at 50.3% in March
Sri Lanka’s inflation remained stubbornly high in March despite the central bank hiking policy rates to the highest in moreContinue Reading
Sri Lanka expects to finalise domestic debt rework by May
LONDON/COLOMBO (Reuters) -Sri Lanka will kick off a reworking of part of its domestic debt next month and aims toContinue Reading
Apple launches buy now, pay later service
New York (CNN/Reuters) —Apple on Tuesday launched an option in its digital wallet allowing customers to pay for online purchases inContinue Reading
Sri Lanka slashes fuel prices in line with an IMF agreement in welcome relief amid crisis
COLOMBO, Sri Lanka (AP) — Sri Lanka’s government on Wednesday announced significant cuts in fuel prices, providing welcome relief forContinue Reading
Sri Lanka to seek $1 billion aid from India for essentials: Report
(PTI)-The Sri Lankan finance ministry officials held talks with its Indian counterparts to obtain the new temporary USD 1 billionContinue Reading
Sri Lanka international bondholders may see 20% principal haircut -analysts
LONDON, March 23 (Reuters) – Holders of Sri Lanka’s international sovereign bonds face a 20% principal haircut in the country’sContinue Reading
Sri Lanka receives first tranche of IMF bailout
(Reuters)-Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday. TheContinue Reading
Sri Lanka bailout conditional on tackling corruption, governance & mismanagement- IMF
(AFP& AP)-Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said TuesdayContinue Reading
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