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.

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.

The true test of leadership is not in securing another bailout, but in building a nation that never needs one again. Fiscal ...

The IMF has completed the fourth review of Sri Lanka's $2.9 billion bailout programme, allowing the country to draw a $350 million tranche from the four-year facility.

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.

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 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 ...

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.

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 ...

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 ...

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. Leftist President Anura Kumara ...