debt restructuring

The Cabinet of Ministers has approved the signing of the exchange papers between the Government of Sri Lanka and the Government of Japan and amended agreement between the Government of Sri Lanka and the Japan International Cooperation…

Sri lanka and China discussed debt restructuring during diplomatic consultations held in in Beijing. Both countries concluded the 13th Round of Diplomatic consultations in Beijing. The consultations were led by Secretary, Foreign Affairs of…

Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year. It also…

A group of Sri Lanka’s creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan’s Jiji News reported on Wednesday, without naming a source or giving any…

The United States has underscored that equal and equitable treatment for all creditors of Sri Lanka is essential in the debt restructuring process. Ambassador of the United States, Julie Chung stated this during a meeting with Governor…

President Ranil Wickremesinghe says that Sri Lanka requires USD 26.5 billion by 2030 to make the country’s climate prosperity plan succeed. Addressing the ‘Berlin Global Dialogue’, President Ranil Wickremesinghe said that Sri Lanka has…

Sri Lanka expects to forge major deals in its debt restructuring this month as the International Monetary Fund (IMF) conducts the first review of its USD 3 billion loan program. Legislators this week are likely to pass a bill amending…

Debt-ridden Sri Lanka may need to cut interest rates again to further boost growth in its economy, according to the head of its central bank. Dr. Nandalal Weerasinghe, governor of the Central Bank of Sri Lanka, told CNBC Friday that…

Harbour and that’s where warships come from all countries”, the president expressed, adding that “We have no military agreements with China”. Wickremesinghe, who highlighted that Sri Lanka is a neutral country, ensured that the…

The Governor of the Central Bank of Sri Lanka (CBSL), Dr. Nandalal Weerasinghe states that an extended bank holiday was declared from June 29 to July 03, 2023, including June 30, in order to obtain necessary time required for the domestic…