March 20, 2023 Full statement by IMF Communications Department The IMF Board approved a 48-month extended arrangement under the ExtendedContinue Reading
March 20 (Reuters) – Sri Lanka’s foreign private creditors are considering proposing swapping the country’s defaulted bonds for new securities where cashContinue Reading
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said Monday on theContinue Reading
COLOMBO-Sri Lanka will introduce new central bank legislation aimed at bolstering the bank’s independence, accountability and also price stability inContinue Reading
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 shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggledContinue Reading
Bankrupt Sri Lanka’s hospitals were crippled and transport disrupted on Wednesday as trade unions protested against the doubling of taxesContinue Reading
Pakistan politicians and government officials received a treasure trove of gifts from foreign dignitaries over the past two decades includingContinue Reading
NEW YORK (AP) — President Joe Biden insisted Monday that the nation’s banking system was safe, seeking to project calmContinue Reading
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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