India 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 ...

Finance ministers of Japan, India and France will join Sri Lanka in announcing its debt-restructuring negotiation process at the annual Spr...

The 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 has received the first tranche of a $3 billion IMF bailout program approved on Monday. The initial payment amounts to $330mn and ...

India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions and have discussed the initiative tha...

The island of 22 million people has been battling its worst economic turmoil since independence from Britain in 1948, which has forced it t...

Jaishankar, 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...

MEA spokesperson Arindam Bagchi's statement at a media briefing in New Delhi on Thursday came on a day when foreign minister S Jaishankar l...

"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...

“With very positive developments taking place over the past 12 hours, Sri Lanka is confident of reaching IMF board approval in the first qu...

"The discussions are undergoing, and such technical issues and delays are taking a heavy toll on the lives of the country's people. Therefo...

The island nation formally kicked off the talks in September after securing a preliminary $2.9 billion bailout with the International Monet...

China offered a $9 billion bailout package to Pakistan and pledged more support to the cash-strapped nation during the Pakistani prime mini...

"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...

The majority of the junior ministers or lawmakers appointed in the ministers of state rank were from the ruling Sri Lanka Podujana Peramuna...

A government parliamentary group met with Prime Minister Mahinda Rajapaksa on Wednesday to discuss urgent steps that must be taken to impro...

Pro-Rajapaksa lawmaker, Lakshman Yapa Abeywardena, had told reporters that Rajapaksa decided in a meeting on Friday with President Sirisena...