Sri Lanka’s macroeconomic situation showing tentative signs of improvement – IMF
An International Monetary Fund (IMF) mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to 23, 2023 to discuss recent economic…
Sri Lanka seeks $17 billion debt reduction by restructuring
(AP) — Sri Lanka’s president urged lawmakers Wednesday to approve a four-year International Monetary Fund program to reduce the country’s debt by $17 billion through restructuring. Parliament began a three-day…
Debt-stricken Sri Lanka to receive first tranche of IMF bailout funds in two days
(Reuters) – Sri Lanka will get the first $330 million tranche of the International Monetary Fund’s bailout in the next two days, the global lender said on Tuesday, putting the…
Sri Lanka bondholders eye GDP-linked debt restructuring – report
Sri Lanka’s private creditors are considering a proposal to swap defaulted bonds with new securities with cash flow linked to the nation’s future growth, Bloomberg News reported on Monday, citing people familiar…
Sri Lanka’s Debt restructuring talks could drag on for a long time despite expected IMF Support – Fitch Ratings
Fitch Ratings believes Sri Lanka is likely to secure financing support from the IMF after the fund’s Executive Board set a date of 20 March to review the USD2.9 billion…
Sri Lanka hopes to secure the IMF bailout within this month
Minister of Foreign Affairs Ali Sabry express confidence in securing the IMF bailout package within this month since considerable progress has been made with the International Monetary Fund. Speaking to…
Sri Lanka bondholders ready for debt restructuring negotiations consistent with the IMF Programme
A group of Sri Lanka’s sovereign USD-denominated Bondholders of is ready to hold debt restructuring negotiations with Sri Lankan authorities consistent with the International Monetary Fund’s (IMF) program. “The Bondholder…
Sri Lanka’s central bank urges China and India to act quickly
Sri Lanka’s central bank Governor P. Nandalal Weerasinghe in an interview with BBC Newsnight urged China and India to act quickly for the country to secure a $2.9 billion IMF…
Sri Lanka budget lays down plans to clinch IMF deal; markets not enthused
(Reuters) – The crisis-hit Sri Lankan economy can turn around by the end of 2023 if budget policies,which are not limited to the International Monetary Fund’s recommendations, are followed,President Ranil…
Sri Lanka holds rates as crisis-hit economy banks on govt reforms, IMF bailout
The Central Bank of SRI Lanka held policy rates steady on Thursday (Oct 6), saying monetary conditions remain “sufficiently tight” after a massive rate-hike campaign earlier in the year as…