The International Monetary Fund (IMF) on Thursday (06) asserted that Sri Lanka could soon reach agreements with external commercial creditors consistent with programme parameters. “So overall...
by Goolbai Gunasekara We are a drenched and waterlogged nation at the moment – both physically and mentally. The morning newspapers and the TV evening news...
Pan Asia Banking Corporation PLC reflected a steady performance amidst multitude of adversities emerging from challenging macro-economic conditions as the Bank reported its financial performance for...
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track...
G20 Finance Ministers and Central Bank Governors (FMCBGs) said they welcome all efforts for timely resolution of the debt situation of Sri Lanka, and called for...
By the end of May 2023, total outstanding domestic debt amounted to Rs. 15,671.3 bn while the rupee value of total outstanding foreign debt amounted to...
Some of Sri Lanka’s official creditors are advocating for a debt restructuring agreement that excludes China, Bloomberg reported on Thursday (28.) This move, if successful, could...
The International Monetary Fund did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9bn bailout package, due to a potential...
Wang Yi, Director of the Office of the Foreign Affairs Commission of the Communist Party of China (CPC) Central Committee, (and Foreign Minister) said, on Wednesday,...
By Rathindra Kuruwita It is unlikely that the rupee will significantly depreciate following the recommencement of bilateral and commercial debt servicing, says Director of the Central...