The 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 use its debt restructuring deal with Sri Lanka to gain concessions, including demanding equity for debt in the form of land in Co...

The IMF has expressed hope that Sri Lanka's debt restructuring process would be completed by September, which is also the time for the glob...

The island nation was scheduled to receive a $330 million tranche, the first part of a nearly $3 billion bailout approved by the Internatio...

The 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'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...

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

Regional rivals China and India are the biggest bilateral lenders to Sri Lanka, a country of 22 million people that is facing its worst eco...

In a statement on Wednesday, the Governor of the Central Bank of Sri Lanka Nandalal Weerasinghe thanked India for issuing the necessary gua...

The Sunday Times newspaper reported that China's Exim Bank delivered a letter on Saturday granting Sri Lanka a two-year moratorium on repay...

The country of 22 million has grappled with challenges over the past year ranging from a shortage of foreign currency to runaway inflation ...

"Look forward to my discussions with the leadership tomorrow morning," Jaishankar tweeted after he held talks with his Sri Lankan counterpa...

Out 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 ...

A delegation headed by Sri Lanka's Finance Minister Ali Sabry kicked off formal talks with the IMF in Washington on Monday for a programme ...

Earlier, Former Finance Minister Basil Rajapaksa was scheduled to visit Washington for the meeting with IMF to seek a debt re-restructuring...

Several institutions have reduced discounting letters of credit (LC) - the basic instrument for financing trade - issued by many Lanka lend...

Sri Lanka recently secured a $1 billion syndicated loan from China Development Bank. But the $1.25 billion in loans will push Sri Lanka clo...