Once a thriving hub of industry and tourism, Sri Lanka now faces inflation nearing 60% and a shattered economy. What led to ...

The World Bank warned in a new report that poor countries will be stuck in economic “purgatory” without debt relief.

Moody's has placed Sri Lanka's Ca long-term foreign currency rating on review for an upgrade, the credit ratings agency said ...

Good morning, ladies and gentlemen. Thank you very much for joining us today, and welcome to the IMF Press Briefing. I am Martha Woldemichael. I'm the IMF Resident Representative based here in Colombo ...

COLOMBO (Reuters) -Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below ...

Four out of ten people in the world live in a country that spends more money servicing the interest on its sovereign debts ...

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri ...

Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and ...

The Local Consortium of Sri Lanka (the “LCSL”), comprised of domestic commercial banks and financial institutions, commits ...

Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition to maintain an IMF bailout loan.

Sri Lanka's new government has ratified a USD 14.2 billion debt restructuring agreement crucial for maintaining debt ...

Sri Lanka is weighing U.S. bribery accusations against Adani Group and Fitch put some company bonds on a watch list for a ...