COLOMBO (News 1st) - Sri Lanka is to seek eligibility for IDA loans while remaining as a middle-income country and the government stated that Sri Lanka will remain a middle-income country. Sri Lanka no longer qualifies for International Bank for Reconstruction and Development (IBRD) loans due to a ...

(Reuters) - The annual IMF/World Bank meetings in Washington D.C. from Monday (10) to Saturday will include talks on several emerging markets squeezed by rising inflation and borrowing costs against a backdrop of slowing global growth. The economic hit from Russia's invasion of Ukraine has adde...

COLOMBO (News 1st) - Former Central Bank Governor Arjuna Mahendran, and nine other people who were accused in the 1st Bond Scam case of 2015 were released from the charges filed under the Public Property Act, by the Colombo Permanent High Court Trial-at-Bar on Tuesday (11). The court ruled that it ...

COLOMBO (News 1st) - Cascading global crises have left 54 countries including Sri Lanka – home to more than half of the world's poorest people -- in dire need of debt relief, the UN said Tuesday (11). In a new report, the United Nations Development Programme warned that dozens of developi...

COLOMBO (News 1st) - Sri Lanka will remain a middle-income country, announced the President's Media Division on Tuesday (11), an hour after the Cabinet Spokesperson said that the Cabinet of Minister gave the go ahead to classify Sri Lanka as the low-income country from a lower-middle income coun...