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 ...
While underscoring that Sri Lanka is only a couple of months away from completing debt restructuring, a top banker weighed in on opening up of vehicle imports in the last quarter of this year once ...
Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters of its bailout program. The International Monetary Fund (IMF) stands ...
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 has approved a new law backed by the International Monetary Fund that allows the state to seize proceeds of crime, a cabinet spokesperson said on Friday. The new law was proposed as part of ...
Sri Lanka has announced plans to hand over the management of its Mattala Rajapaksa International Airport (MRIA) to Indian and ...
The airport is named after former president Mahinda Rajapaksa, who borrowed heavily from China for infrastructure projects ...
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 ...
Sri Lanka has leased its underutilized Mattala Rajapaksa International Airport, built with Chinese loans, to a joint venture ...
The Uma Oya project was scheduled for completion in 2015 but was delayed by sanctions, technical issues and the COVID ...
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative ...