But it has made a faster-than-expected recovery, aided by a $2.9 billion bailout from the International Monetary Fund (IMF ... ceremony. Sri Lanka entered into a preliminary deal with key ...

Colombo, Sri ... Lanka would honour a deal secured by his predecessor to restructure $12.55 billion in international sovereign bonds, a key condition for maintaining the $2.9 billion, four-year ...

COLOMBO: Sri ... Lanka would honour a deal secured by his predecessor to restructure US$12.55 billion in international sovereign bonds, a key condition for maintaining the US$2.9 billion, four ...

Related How Sri Lanka’s IMF-backed ‘Young Plan’ fired a foreign debt death spiral: Bellwether The rupee then collapsed to 360 as float was sabotaged by a surrender rule and too low interest rates.

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation last year.

Increased net foreign purchases by the Central Bank and the receipt of the fourth tranche of the IMF-EFF programme helped increase official reserves enhancing resilience. The Sri Lanka rupee saw a ...

Japan's ambassador to Sri Lanka ... deal secured by his predecessor to restructure $12.55 billion in international sovereign bonds, a key condition for maintaining the $2.9 billion, four-year IMF ...

Sri Lanka signed a deal with Japan on Friday (March 7, 2025) to restructure $2.5 billion in loans, marking the first agreement with official creditors who had pledged debt relief to the cash ...

Sri Lanka’s macroeconomic turnaround is ‘remarkable’ though many households are yet to feel the impact, according to two IMF experts, who noted that the economy has rebounded strongly and quickly, ...

Its economy has since recovered following an IMF rescue package and the implementation of austerity measures aimed at repairing the government's ruined finances. In November, Dissanayake announced ...