The Uma Oya project was scheduled for completion in 2015 but was delayed by sanctions, technical issues and the COVID ...
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 ...
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, ...
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will ...
Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout programme. The island nation defaulted on its foreign debt in ...
Iranian President Ebrahim Raisi has arrived in Sri Lanka to inaugurate a hydropower and irrigation project that was long ...
Having hit a roadblock with international bondholders, uncertainty looms over the economy of crisis-hit Sri Lanka and an upcoming review by the International Monetary Fund (IMF), experts warn ...
Letter: The Jubilee 2000 saw $130bn of debt written off, and yet we now find ourselves in a renewed global debt crisis, says ...
Activists gathered on the side-lines of the annual meeting of the IMF and World Bank in Washington DC yesterday to demand “deep, wide and urgent debt cancellation” for Global South countries.
AirAsia is among six bidders for Sri Lanka's state-run carrier SriLankan Airlines as the island nation looks to reduce losses incurred by government-owned enterprises under a $2.9 billion ...