As per IMF Annual Report 2023, 60% of low-income countries and 25% of emerging market economies are at risk of debt distress.

Following the talks, the IMF issued a statement declaring them “productive.” “We are encouraged,” it continued, “by the ...

Japanese Ambassador in Colombo Mizukoshi Hideaki said that in trying to overcome the economic crisis Sri Lanka should manage ...

The Sri Lankan people have voted again for great change. They have elected a president from outside the political mainstream ...

The Ceylon Chamber of Commerce (CCC) commended the Government of Sri Lanka on the successful completion of consultations with the Official Creditor Committee (OCC) and the International Monetary Fund ...

The country has spoken loud and clear. We have a new leader, not representing one race or religion but the entire nation. It ...

Script writers of the former President Ranil Wickremesinghe, introduced to electorate as Ranil by himself, seems to have made ...

Sri Lankans broke their faith with the island’s political elites and elected left-leaning Anura Kumara Dissanayake, leader of ...

COLOMBO: Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit ...

As of March 2024, international bondholders held roughly $12.5 billion of Sri Lanka’s $34 billion in foreign debt ...

(AFP)Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International Monetary Fund said ...

Indications are that the Maldivian side, which comprises a huge official delegation and also a separate business team, is now ...