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Sri Lanka jolts markets with outsized 100-bp rate hike to counter Gulf crisisSri Lanka's central bank enacted a significant 100 basis point policy rate hike, its largest in four years, to combat rising inflation and ...- AIIB announces USD 10 bn fund facility to support countries hit by West Asia conflictSupplementing AIIB's regular financing instruments, the facility offers a time-bound financing envelope of up to USD 10 billion over two ye...
- India’s fuel resilience amid global oil turmoilThe article describes India’s economy as “resilient” amid the West Asia crisis, highlighting the country’s ability to maintain stable fuel ...
- Iran war leaves crisis-scarred countries counting the costIran war: Sri Lanka, Egypt, and Pakistan are struggling with rising energy costs. The Iran war has worsened their economic situations. Thes...
- Sri Lanka government no longer sells public enterprises, Attorney General clarifies in SCSri Lanka's government has halted the planned sale of key state enterprises. Sri Lankan Airlines, Sri Lanka Telecom, Sri Lanka Insurance, a...
- Sri Lanka hikes household power tariffs by 15%, Power regulator saysSri Lanka is set to increase household power tariffs by 15%, with industries facing a 20.5% hike and tourism businesses a 20.2% rise. This ...
- IMF reaches staff-level agreement on fourth review under extended fund facility with Sri LankaSri Lanka has reached a staff-level agreement with the IMF for a fourth review of its Extended Fund Facility bailout, potentially unlocking...
- 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 to be first country in Asia to come under IMF's governance diagnostic exerciseThe IMF is conducting an in-depth governance diagnostic exercise, which will assess corruption and governance vulnerabilities in Sri Lanka ...
- IMF board poised to approve $2.9 bln Sri Lanka bailout on March 20The IMF said its board will meet on March 20 to review a preliminary staff-level agreement first signed in September, offering a lifeline t...
- 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...
- 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...
- Sri Lankan President Ranil Wickremesinghe hopeful of successful debt restructuring talks with India and ChinaSri Lanka has large debt rollover volumes (Gross Financing Need) running up to 37 per cent of GDP in 2022, which the IMF wants to bring dow...
- Sri Lanka holds crucial debt restructuring talks with creditorsSri Lanka held talks with the International Monetary Fund on October 16 on the release of a USD 2.9 billion rescue package by the Fund, the...
- Creditor cooperation a must for Sri Lanka IMF programme: GovtAt an online engagement with the creditors, the government on Friday said that assurances from bilateral creditors are required as a prereq...
- IMF delegation to visit Sri Lanka next weekThe IMF said that the visit will be from August 24 to August 31 and the main focus will be to continue discussions with the Sri Lankan auth...
- Yuan Wang 5 standoff: Sri Lanka's IMF process may be under threatThe worrying part is that China may link Sri Lanka's message to defer the Yuan Wang 5's 'refueling stop' at Hambantota with the IMF approva...
- Economic crisis: Talks between Sri Lanka, IMF to conclude on May 24Sri Lanka is facing its worst economic crisis since independence with food and fuel shortages, soaring prices, and power cuts affecting a l...
- IMF asks Sri Lanka to restructure debt before bailoutIMF said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require "adequate assurances" ...
- How Sri Lanka's economy spiralled into crisisA severe shortage of foreign currency has left Rajapaksa's government unable to pay for essential imports, including fuel, leading to debil...
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