In a massive political upset, a neo-Marxist political outsider won September’s presidential election in Sri Lanka. The ...

The International Development Association (IDA) of the World Bank Group (WBG) has approved a USD 200 million financing ...

Sri Lanka elected Anura Kumara Dissanayake as its new president on September 21, 2024, marking the first time in the ...

The loan announced on Monday, which follows an earlier $500 million World Bank loan after the 2022 economic crash ...

As per IMF Annual Report 2023, 60% of low-income countries and 25% of emerging market economies are at risk of debt distress.

The Sri Lankan people have voted again for great change. They have elected a president from outside the political mainstream ...

The Ceylon Chamber of Commerce (CCC) commended the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund ...

The country has spoken loud and clear. We have a new leader, not representing one race or religion but the entire nation. It ...

Script writers of the former President Ranil Wickremesinghe, introduced to electorate as Ranil by himself, seems to have made ...

Sri Lankans broke their faith with the island’s political elites and elected left-leaning Anura Kumara Dissanayake, leader of ...

COLOMBO: Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit ...

As of March 2024, international bondholders held roughly $12.5 billion of Sri Lanka’s $34 billion in foreign debt ...