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.

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

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 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 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 ...

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 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.

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 will have detailed talks with the IMF on the framework of a $2.9 billion bailout programme on the sidelines of the lender's annual meetings in Washington later this month, the country's ...

IMF previously said Sri Lanka’s economy is expected to resume growing in 2024 after contracting 3% this year. The expected economic growth of 1.5% next year hinges critically on the economic ...

Sri Lankan president and the leader of National People's Power Anura Kumara Dissanayake arrives for a public rally ahead of Thursday's parliamentary election in Gampaha, Sri Lanka, Monday, Nov. 11 ...