COLOMBO (News 1st); Sri Lanka's Central Bank Chief is positive that the country will be able to get its IMF program approved in December 2023. "We will be able to get the IMF program approved within the month of December. We are making good progress, and what is required are assurances fro...

(Bloomberg) -- Sri Lanka’s central bank chief said the government has shared the terms of a $4.2 billion China debt deal with other creditors — a key sticking point with countries like India — paving the way for more loans from the International Monetary Fund. Governor Nandalal We...

COLOMBO (News 1st); Sri Lanka has allocated a massive Rs. 3000 billion for for the implementation of foreign debt restructuring and the settlement of international sovereign bonds under the foreign debt restructuring program. President Ranil Wickremesinghe while presenting the 2024 Budget in Parlia...

COLOMBO (News 1st); India will continue to work closely with the Government of Sri Lanka on its debt restructuring efforts, and the path to economic recovery, said Indian Finance Minister Nirmala Sitharaman on Thursday (2) in Colombo. She was speaking at the event to mark ‘Naam 200’ (We...

(Reuters) - Sri Lanka’s major creditors such as Japan, India and France are likely to reach a broad agreement this month on debt reduction steps including extending repayments, the Sankei newspaper reported on Monday. Sri Lanka has held multiple rounds of talks with bondholders and bilateral ...