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Electoral uncertainty casts a shadow over Sri Lanka’s progress

By Prof.Neil DeVotta The Sri Lankan economy stabilised in 2023, with assisted recovery measures including an Extended Fund Facility Program with the International Monetary Fund and loans from the Asian…

National Budget 2024: A Framework for National Development – Pragmatic Implementation and Timely Execution Will be Key – Ceylon Chamber

The Ceylon Chamber of Commerce considers the 2024 Budget as a crucial step in continuingthe macroeconomic stabilization measures that began in late 2022, as a response to theeconomic challenges faced…

CSE breaks 4-day slump

Colombo Bourse bounced back and settled firmly in green as investors turned optimistic after the State Minister of Finance noted that Sri Lanka and the IMF are finalizing signing the…

Sri Lanka Met 33 IMF Commitments and failed 8 by end-June

Sri Lanka had verifiably met 33 of the trackable program commitments of the International Monetary Fund (IMF) program as of the end of June 2023 but had failed eight, according to…

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…