Sri Lanka’s economic crisis has been exacerbated by its reliance on International Monetary Fund (IMF) bailout packages, which ...

Sri Lanka’s new leader on Thursday backed a controversial IMF bailout, marking a U-turn from his election pledge to renegotiate the deal secured by his predecessor.

Cash-strapped Sri Lanka on Wednesday announced a 15 percent increase in the electricity price to shore up revenues for the state-run utility, in line with conditions imposed by an IMF bailout ...

COLOMBO (Reuters) -The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable.

Sri Lanka's new president called on Wednesday for restarting talks with the IMF "immediately" over a $2.9 billion bailout that threw a lifeline to his bankrupt country but imposed painful austerity.

The International Monetary Fund has approved a new installment of a 3-billion-dollar bailout package for Sri Lanka. 8 Foods to Lower Uric Acid and Protect Your Kidneys 8 mistakes every parent ...

Sri Lanka's new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations with the International Monetary Fund (IMF) immediately to take forward the country's $2.9 ...

Sri Lanka expects the IMF to announce a staff level agreement on its third review of the country's bailout programme on Friday, President Anura Kumara Dissanayake told the first sitting of the new ...

Sri Lanka’s new president Thursday urged the IMF to consider “alternative means” to continue with a $2.9 billion bailout that aided his country in the wake of a sovereign default but imposed ...

Sri Lanka needs to complete the third review of its IMF programme in order to receive about $337 million in funds and support the finalisation of a $12.5 billion debt restructuring with bondholders.

Sri Lanka's economic upheaval led to a political crisis that forced then-President Gotabaya Rajapaksa to resign in 2022. Parliament then elected the then-Prime Minister Wickremesinghe to replace him.

COLOMBO — Sri Lanka’s economy has begun to stabilize after securing a $1.5 billion bailout earlier this year, but the island needs to build its dwindling foreign reserves, the IMF said Saturday.