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 ...

Sri Lanka's government announced that, following the Agreement in Principle reached with representatives of its international and local holders of International Sovereign Bonds, the Sri Lankan authori ...

An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.

Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary ...

India’s Foreign Minister S. Jaishankar has met Sri Lanka’s newly elected President Anura Kumara Dissanayake in the first such ...

Sri Lanka's $12.5 billion bondholder debt restructuring has been backed by the IMF and bilateral creditors, including India, China, and Japan. This support provides a significant boost to the ...

Sri Lanka’s new president stuck to his campaign promises of reducing taxes and providing other relief to citizens in his ...

Leftist leader Anura Kumara Dissanayake won last month's presidential election promising to reverse steep tax hikes, raise public servant salaries and renegotiate an unpopular IMF bailout secured by C ...

Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said ...