Indian Finance Minister Sitharaman asks IMF, World Bank to give Sri Lanka low-income tag
Sri Lanka could be given temporary classification as a lower-income country — from the current middle-income status — to helpContinue Reading
Tag: Economy
Foreign airlines cut flights to Sri Lanka; cargo carriers insist on payments in dollars
International airlines operating to Sri Lanka, including Emirates, have drastically pruned flights to Colombo while cargo carriers this week turnedContinue Reading
Sri Lanka’s economic crisis dashes hopes for post COVID-19 tourism recovery
GALLE – With its ancient fort and sandy beaches, the city of Galle on Sri Lanka’s southern coast should beContinue Reading
Sri Lanka to receive $300 million to $600 million over next 4 months from World Bank help to face economic crisis- Finance Minister
COLOMBO, Sri Lanka (AP) — Sri Lanka will receive $300 million to $600 million from the World Bank over theContinue Reading
Cash-strapped Sri Lanka hit by record inflation
Crisis-hit Sri Lanka’s inflation hit a record high for the sixth consecutive month, official data showed on Friday as theContinue Reading
Sri Lanka completes payment for Russian coal cargoes, easing power crisis
COLOMBO- Crisis-hit Sri Lanka has paid for two Russian cargoes to SUEK AG’s Singapore unit through a telegraphic transfer, twoContinue Reading
WATCH -Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt says its Fin. Minister
Bloomberg – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, accordingContinue Reading
Sri Lanka Finance Minister meets Managing Director and other senior officials of IMF
Sri Lanka Finance Minister Ali Sabry met Managing Director of IMF Kristalina Georgieva and Gita Gopinath First Deputy Managing DirectorContinue Reading
India to provide additional $500 million for fuel: Sri Lanka
India will provide an additional $500 million in financial assistance to Sri Lanka for it to buy fuel, Sri Lanka’sContinue Reading
IMF says any loan to Sri Lanka requires debt sustainability; are at an early stage
WASHINGTON- The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an earlyContinue Reading
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