IMF

The International Monetary Fund welcomed on Monday last week’s announcement of an agreement in principle between Sri Lanka and a group of its international bondholders to restructure $12.5 billion in bonds, the fund said, adding it looks…

President Ranil Wickremesinghe has emphasized that there should be no fear regarding the constitutional amendment. Furthermore, Wickremesinghe expressed that Sri Lanka is unique in maintaining democracy following universal suffrage…

Sri Lanka has scrapped plans to sell off its indebted national airline despite shortlisting three potential buyers, the government’s privatisation agency said Friday. Colombo called for bids in September to sell SriLankan Airlines, a key…

The Article IV Consultation and second review under the Extended Fund Facility (EFF) for Sri Lanka are on the International Monetary Fund’s (IMF) Executive Board meeting agenda for June 12, says State Minister of Finance Shehan Semasinghe.…

The United States has once again assured their fullest support to Sri Lanka in the debt restructuring process, State Minister of Finance Shehan Semasinghe said. Posting on ‘X’ (formerly Twitter), Semasinghe said that he had a productive…

Sri Lanka’s gross official reserves (GOR) stood at USD 5 billion by the end of March 2024, recording a notable increase compared to USD 4.4 billion at the end of 2023. In its report on the External Sector Performance in the month of…

Sri Lanka may reach a deal with investors to restructure its $12 billion in defaulted global bonds by mid-May, according to strategists at Standard Chartered. The South Asian nation has been hoping to reach a deal in the next few weeks,…

The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan…

The International Monetary Fund said on Thursday that there is “strong expectation” that Sri Lanka will reach a deal with its commercial creditors by the completion of the IMF’s second review. Sri Lanka is in talks with bondholders to…

The preliminary arrangements required to hold the presidential election have been completed, according to the Election Commission. Nevertheless, internal sources within the government revealed that President Ranil Wickremesinghe informed…