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IMF approves second review of Sri Lanka's $2.9 bln bailout, warns of economic risksThe IMF approved the second review of Sri Lanka's $2.9 billion bailout, emphasizing the need for Colombo to ensure debt sustainability thro...- IMF resumes Sri Lanka bailout after China's debt dealThe IMF said its board completed the first review of Sri Lanka's rescue package known as the Extended Fund facility (EFF) and released the ...
- Sri Lanka hopes to shed bankruptcy status by September“I hope that by September Sri Lanka will be able to shed its bankruptcy status,” said president Wickremesinghe. “Whether you are Sinhalese,...
- India extends USD 1 bn credit line to Sri Lanka for another yearIndia on Tuesday extended its under-utilised USD 1 billion credit line to Sri Lanka for another year to help the island nation hit hard by ...
- FM Sitharaman to join her French, Japanese counterparts to announce Sri Lanka debt restructuring processFinance ministers of Japan, India and France will join Sri Lanka in announcing its debt-restructuring negotiation process at the annual Spr...
- Sri Lanka receives first tranche of IMF bailoutThe island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the Internatio...
- Sri Lanka receives first tranche of IMF bailoutSri Lanka has received the first tranche of a $3 billion IMF bailout program approved on Monday. The initial payment amounts to $330mn and ...
- India, Sri Lanka mulling over using Indian Rupee for economic transactionsIndia and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions and have discussed the initiative tha...
- Sri Lanka needs bilateral creditor assurances to unlock $2.9 billion bailout, IMF saysThe island of 22 million people has been battling its worst economic turmoil since independence from Britain in 1948, which has forced it t...
- India to hike development assistance to Sri LankaJaishankar, who is on a two-day visit to the debt-trapped island nation, met top leaders to enhance bilateral ties and finalise a debt rest...
- India assures IMF; Sri Lanka close to securing $2.9 billion bailoutMEA spokesperson Arindam Bagchi's statement at a media briefing in New Delhi on Thursday came on a day when foreign minister S Jaishankar l...
- Sri Lanka hopes for 'good news' from Jaishankar's two-day visit starting Thursday"We are working to get our economy on the right track. Now we have to get India and China to consent to this debt restructuring. We are con...
- Sri Lanka closer to IMF bailout as India said to back debt plan“With very positive developments taking place over the past 12 hours, Sri Lanka is confident of reaching IMF board approval in the first qu...
- India in best position to be a bridge between debt-ridden developing countries and G20; SL President"The discussions are undergoing, and such technical issues and delays are taking a heavy toll on the lives of the country's people. Therefo...
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in DecemberThe island nation formally kicked off the talks in September after securing a preliminary $2.9 billion bailout with the International Monet...
- After help for Pakistan, speculation on China package for Sri LankaChina offered a $9 billion bailout package to Pakistan and pledged more support to the cash-strapped nation during the Pakistani prime mini...
- Debt restructuring talks underway with IMF, India, China: Sri Lanka President"It will be difficult for us to pay back debt, still we have to find ways to lessen our debt burden. We are faced with a situation where we...
- Crisis-hit Sri Lanka appoints 37 junior ministers, including nephew of ousted President Gotabaya RajapaksaThe majority of the junior ministers or lawmakers appointed in the ministers of state rank were from the ruling Sri Lanka Podujana Peramuna...
- Lanka appoints advisory panel to help resolve growing debt crisis, engage with IMFA government parliamentary group met with Prime Minister Mahinda Rajapaksa on Wednesday to discuss urgent steps that must be taken to impro...
- Rajapaksa resigns as Sri Lanka's PM, Wickremesinghe to be reinstatedPro-Rajapaksa lawmaker, Lakshman Yapa Abeywardena, had told reporters that Rajapaksa decided in a meeting on Friday with President Sirisena...
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