Sri Lanka's economic crisis and debt restructuring efforts

Sri Lanka's government rejected a proposal from its international bondholders on Tuesday on restructuring the more than $12 billion the country owes to them. It means a near two-year spell in default ... Read More

A Bridge to Prosperity: Sri Lanka’s Economic Journey

Today, as we reflect on the latest bi-annual update by the World Bank, titled “Sri Lanka Development Update: Bridge to Recovery,” it’s evident that the nation’s economy is on a path of stabilisation ... Read More

Economic conditions in debt-stricken Sri Lanka improving, IMF says

The economic situation in debt-stricken Sri ... s economy expanded in the second half of last year following a year and a half of contraction, the IMF said on Thursday. Sri Lanka’s year-on ... Read More

Sri Lanka's debt-ridden economy gradually improving, IMF says

Sri Lanka turned to the IMF for help to rescue the economy ... Fox News' "Antisemitism Exposed" newsletter brings you stories on the rising anti-Jewish prejudice across the U.S. and the world. Read More

Elections Could Dent Sri Lanka's Recovery: ADB

Sri Lanka's recovery could be stalled by abrupt policy changes after elections later this year even as the economy showed signs of stabilising, the Asian Development Bank warned Friday. Read More

Will build a Sri Lanka that the youth aspire – President

President Ranil Wickremesinghe expressed his firm conviction in his ability to shape the Sri Lanka that the nation’s youth envision. Embracing the daunting task of revitalizing Sri Lanka’s faltering ... Read More

World Bank Raises Sri Lanka's Growth Forecast to 2.2% for 2024

COLOMBO (Reuters) -The World Bank raised its forecast for Sri Lanka's economy on Tuesday ... to complete the debt restructuring before the next IMF review. "Downside risks remain high, due ... Read More

Sri Lanka to Start Restructuring Talks With Investors Next Week, Bloomberg News Reports

Sri Lanka to Start Restructuring Talks With Investors Next Week, Bloomberg News Reports (Reuters ... foreign exchange reserves. Sri Lanka's economy shrank 2.3% last year, which was better ... Read More

Sri Lanka economy

‘Bangladesh’s future shouldn’t be measured through Sri Lanka’s situation’ Planning Minister MA Mannan today said that measuring and assessing the economic future of Bangladesh through ... Read More

Sri Lanka cabinet approves 40% hike to minimum wage

Sri Lanka's economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows triggering soaring inflation, currency depreciation and a default on its foreign debt. Read More

Sri Lanka cabinet approves 40% hike to minimum wage

Sri Lanka's economy collapsed in early 2022 after its foreign exchange reserves dwindled to record lows triggering soaring inflation, currency depreciation and a default on its foreign debt. Revision ... Read More