New form of bond emerges from Sri Lanka’s $13bn restructuring talks
Negotiations to finally bring an end to Sri Lanka’s long-running $13bn debt default could result in an innovative new type of bond that would link payouts to economic growth and governance reforms, a ...
Ada Derana12h
Sri Lanka rupee makes gains over major currencies – Minister
Sri Lanka’s rupee, which suffered severe depreciation because of the island nation’s unprecedented economic crisis since 2022, has started to make gains in comparison to other currencies, State Minist ...
Jurist5d
Sri Lanka cabinet approves IMF-backed civil forfeiture law allowing government to seize proceeds from illegal activity
Sri Lanka’s Cabinet of Ministers on Friday approved a new legislative bill, endorsed by the International Monetary Fund (IMF) that will allow the state to confiscate any property or proceeds ...
devdiscourse1d
Sri Lanka Prioritizes Servicing Multilateral Loans Amidst Default
Sri Lanka maintains financial discipline, servicing multilateral debt despite its 2022 default. Despite unpopular decisions, authorities prioritize economic recovery and continue repaying debt to ...
Sri Lanka Hands Management Of $209 Million China-Built Airport To Indian And Russian Companies
Sri Lanka has announced plans to hand over the management of its Mattala Rajapaksa International Airport (MRIA) to Indian and ...
The Daily Mirror16h
SL could open up vehicle imports in 4Q upon debt restructuring completion
Revenue targets for 2024 likely to be missed While Sri Lanka is on course to secure IMF executive board approval for the second review of US$ 3 billion bailout package, it is likely to miss revenue ...
gulftoday11d
Sri Lanka’s consumer inflation drops to 2.5 per cent in March
Sri Lanka’s consumer price inflation dropped to 2.5 per cent in March from 5.1 per cent in February, official data showed on ...
Iran’s Raisi inaugurates Sri Lanka hydropower project, says West doesn’t have monopoly over technology, knowledge
Ebrahim Raisi, the first Iranian leader to visit Sri Lanka since 2008, says the project marks his country’s ability to share ...
Indiatimes7d
Sri Lanka leases white elephant airport built with Chinese loans
Sri Lanka has leased its underutilized Mattala Rajapaksa International Airport, built with Chinese loans, to a joint venture ...
East Asia Forum11d
Sri Lanka needs a cautious growth trajectory
In April 2022, Sri Lanka faced protests over scarcity of essentials, chaotic resignations, a first-ever sovereign debt default and began bailout talks with the IMF. Though improvements have been seen, ...
Iran's Raisi inaugurates hydropower, irrigation project in Sri Lanka
The Uma Oya project was scheduled for completion in 2015 but was delayed by sanctions, technical issues and the COVID ...
Sri Lanka rupee makes gains over major currencies: Finance Minister
Sri Lanka's rupee, which suffered severe depreciation because of the island nation's unprecedented economic crisis since 2022, has started to make gains in comparison to other currencies, State ...