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 ...

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

Sri Lanka's government announced that, following the Agreement in Principle reached with representatives of its international and local holders of International Sovereign Bonds, the Sri Lankan authori ...

An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.

India’s Foreign Minister S. Jaishankar has met Sri Lanka’s newly elected President Anura Kumara Dissanayake in the first such ...

Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary ...

Sri Lanka's $12.5 billion bondholder debt restructuring has been backed by the IMF and bilateral creditors, including India, China, and Japan. This support provides a significant boost to the ...

Sri Lanka’s new president stuck to his campaign promises of reducing taxes and providing other relief to citizens in his ...

Leftist leader Anura Kumara Dissanayake won last month's presidential election promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular IMF bailout secured by C ...

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said ...