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 ...

This March marks the mid-point of Sri Lanka’s four-year economic reform program supported by the International Monetary Fund (IMF). In the two years since its inception difficult but much needed ...

In this interview, Eric Toussaint and Balasingham Skanthakumar explains the consequences of the IMF “bailout” of Sri Lanka and the impact of IMF conditionalities on the Sri Lankan economy. He ...

Colombo: Sri ... IMF rescue package and the implementation of austerity measures aimed at repairing the government's ruined finances. In November, Dissanayake announced that Sri Lanka would honour ...

The International Monetary Fund (IMF) this week asserted that Sri Lanka’s path to economic recovery is ambitious, yet achievable, emphasising that maintaining the reform momentum would be key to ...

COLOMBO, Sri Lanka — Indian Prime Minister Narendra Modi on Saturday inaugurated construction work on a solar plant in neighboring Sri Lanka and witnessed the signing of energy and defense ...

The deal marks a major step in the country’s economic recovery, a key requirement under the IMF’s debt relief programme. Japan’s ambassador to Sri Lanka Akio Isomata and Secretary to Sri ...

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

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 ...

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.