In 2020, Sri Lanka went through its worst bout of macroeconomic instability since winning independence. The COVID-19 pandemic is not the only cause of this instability; the economy has long been beset ...

LONDON (Reuters) -Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue.

A 2020 government decree that transferred administrative control of nonprotected forests in Sri Lanka to local governments has been formally revoked by the country’s new government. The move follows ...

Sri Lanka yesterday crossed a key threshold in its debt restructuring program after the Official Creditor Committee (OCC) ...

MS. JAHAN: Ladies and gentlemen, good afternoon. Thank you for coming to the press briefing with the IMF. I'm Sarwat Jahan, the Resident Representative based here in Colombo. As you know, the IMF ...

Cyclone Ditwah has devastated critical infrastructure and disrupted key sectors, threatening Sri Lanka's already fragile economic recovery program.Cyclone Ditwah has emerged as one of Sri Lanka's ...

Mr. Breuer: Today, the IMF Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million (about US$337 ...

Government officials in Sri Lanka announced that citizens from 35 countries—including the United States—will be granted visa-free entry into the Asian nation, according to the Times of India. Starting ...

Susikala was working as a daily wage earner at a flower garden in Hatton, a hilly area in central Sri Lanka, when in April 2022 the government defaulted on its debt. The default sent the economy into ...