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SRI LANKA LENDER
12 years of PM Modi: Bold reforms, decisive decisions and political turning pointsAfter 12 years at the helm, Prime Minister Narendra Modi reflects on a transformative journey filled with key reforms that have altered Ind...- Bayer strengthens its phygital connect with Indian farmers as FarmRise app reaches 5 million usersThe initiative also includes digital marketplaces, satellite-based insights for risk protection, and AI-powered advisory, aiming to enhance...
- Sri Lankan PM says direct private investment from China welcomeSri Lankan PM welcomes Chinese investments in various sectors, including agriculture and IT. Discussion with Ambassador focused on economic...
- 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 ...
- China may leverage Sri Lanka loan rejig to get maximum concessionsChina may use its debt restructuring deal with Sri Lanka to gain concessions, including demanding equity for debt in the form of land in Co...
- Sri Lanka's debt restructuring likely to be complete by September: IMFThe IMF has expressed hope that Sri Lanka's debt restructuring process would be completed by September, which is also the time for the glob...
- 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 in talks to extend $1 bln Indian credit line as IMF deal loomsThe credit line is to due to expire on March 17 with Sri Lanka having used only about two-thirds of it, mainly for medicines and food, said...
- China silent on debt reduction targets for Sri Lanka to get IMF bailout loanChina's EXIM Bank has issued a letter granting Sri Lanka a two-year moratorium on repayment and agreeing with the IMF's Extended Fund Facil...
- 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...
- Export-Import Bank of China provides Sri Lanka with debt extensionRegional rivals China and India are the biggest bilateral lenders to Sri Lanka, a country of 22 million people that is facing its worst eco...
- Sri Lanka thanks India for backing its $2.9 billion bailout package; issuing guarantees to IMFIn a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...
- After India, China gives financing assurances to Sri Lanka for IMF bailout packageThe Sunday Times newspaper reported that China's Exim Bank delivered a letter on Saturday granting Sri Lanka a two-year moratorium on repay...
- India says it is committed to boosting investment in crisis-hit Sri LankaThe country of 22 million has grappled with challenges over the past year ranging from a shortage of foreign currency to runaway inflation ...
- Jaishankar conveys India's commitment to increase investment flows to Sri Lanka to hasten economic recovery"Look forward to my discussions with the leadership tomorrow morning," Jaishankar tweeted after he held talks with his Sri Lankan counterpa...
- India emerges as Sri Lanka's top lender in 2022: Verite Research think-tankOut of a total disbursement of loans amounting to USD 968 million in the first four months this year, India with a contribution of USD 377 ...
- Sri Lanka says International Monetary Fund to consider request for rapid aidA delegation headed by Sri Lanka's Finance Minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme ...
- Top Sri Lankan delegation to meet IMF officials in WashingtonEarlier, Former Finance Minister Basil Rajapaksa was scheduled to visit Washington for the meeting with IMF to seek a debt re-restructuring...
- Banks turn cautious on Sri Lanka exposuresSeveral institutions have reduced discounting letters of credit (LC) - the basic instrument for financing trade - issued by many Lanka lend...
- New Chinese loan may further plunge Sri Lanka into debt trapSri Lanka recently secured a $1 billion syndicated loan from China Development Bank. But the $1.25 billion in loans will push Sri Lanka clo...
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