Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.The post Sri Lanka’s key inflation rate eases to 35.3% in April appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.

Sri Lanka's economy is expected to shrink by 2% in 2023, its central bank said in an annual report on Thursday, as the country struggled to emerge from its worst financial crisis in decades.The post Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says appeared first on Sri Lanka Breaking News and Top Headlines - ONLANKA News.

The Government is to consider restructuring Sri Lanka’s domestic debt, but a final decision is yet to be taken, President Ranil Wickremesinghe told Parliament today. He said that all aspects will be looked into when restructuring Sri Lanka’s domestic debt. “Some banks are saying they will not be able to face this. Then they must […]

Sri Lanka's National Consumer Price Index (NCPI) (LKNCPI=ECI) eased to 49.2% year-on-year in March, after a 53.6% rise in February, the statistics department said on Friday.The post Sri Lanka consumer inflation dips to 49.2% year-on-year in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

Sri Lanka’s plan for a voluntary restructuring of its domestic debt is finding few takers from local banks worried about a hit to their capital, raising the risk of a delay in the country’s financial rescue.The post Sri Lanka risks IMF roadblock as local debt plan gets few takers appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

Economists sharply cut Sri Lanka’s growth outlook through this year as curbs on imports and still-limited reserves persist even as the International Monetary Fund releases bailout loans and authorities work toward debt restructuring efforts.The post Sri Lanka GDP outlook slashed as economy

[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.

Bangladesh has extended the repayment period of Sri Lanka’s $200 million loan it had given by six more months.The post Sri Lanka given more time to repay Bangladesh’s $200 Million loan appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

Bangladesh has extended the repayment period of the loan it had given to Sri Lanka by six more months as the Island nation continues to struggle to fix its debt crisis, officials say.   Earlier, the central bank of Sri Lanka had sought time from Bangladesh to make the first instalment of the $200 million credit […]

[…]The post Taxes, Swiss Bank Accounts & The Chinese Cafe appeared first on Colombo Telegraph.

Sri Lanka makes significant progress in restructuring its debt and solving the economic crisis at the 2023 spring meetings of the World Bank Group and the International Monetary Fund in Washington DC.The post Sri Lanka makes significant progress at the World Bank – IMF spring meetings

Japan, India and France on Thursday announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies.The post Japan, India and France launch creditors meeting on Sri Lanka debt appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...

Japan, India and France announced a common platform for talks among bilateral creditors to coordinate restructuring of Sri Lanka’s debt, a move they hope would serve as a model for solving the debt woes of middle-income economies. It remains uncertain, however, whether Sri Lanka’s biggest bilateral creditor – China – will join the initiative launched […]

Sri Lanka participated in a global sovereign debt roundtable meeting where debt sustainability and debt restructuring challenges and ways to address them were discussed. The Global Sovereign Debt Roundtable (GSDR) was held in Washington with the participation of International Monetary Fund Managing

Sri Lanka expects China to support its effort to restructure debts and help it begin repaying its obligations, according to the nation’s central bank governor.The post China will support Sri Lanka’s debt rework, says CBSL governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

Japan, India and France are scheduled to hold a press briefing on Thursday (13 April) to announce the launch of the debt restructuring negotiation process on Sri Lanka.The post Japan, India and France to announce Sri Lanka’s debt restructuring negotiation process appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

The Asian Development Bank is considering more concessionary funding for Sri Lanka and support for green bond issues as part of its assistance to help the South Asian nation recover from its worst economic crisis in decades.The post Asian Development Bank eyeing cheaper funds for Sri Lanka, green bond support appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.

Sri Lanka’s sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday.The post Sri Lanka central bank chief says sovereign lenders yet to outline debt talks plans appeared first on Sr...

The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, has called for a united effort to resolve the crisis in Sri Lanka. She also said that the IMF will support Sri Lanka at this difficult time. Her comments came following a meeting with a delegation from Sri Lanka

Sri Lanka’s sovereign lenders have yet to inform the Government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the Central Bank Governor told Reuters in an interview on Tuesday. The island nation aims to formally engage […]

The World Bank and the International Monetary Fund (IMF) had talks with Sri Lanka on the country’s economic reform agenda. The discussion took place during the ongoing visit to Washington by State Minister of Finance Shehan Semasinghe to attend the World Bank and IMF Spring Meetings. World

U.S. Treasury Secretary Janet Yellen will push this week for urgent resolution of requests by Zambia and Ghana for restructuring of their sovereign debts, and moves to conclude a debt treatment for Sri Lanka, U.S. Treasury said on Monday.The post U.S. Treasury Secretary to push for moves to conclude debt treatment for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka -...

To tackle the enormous economic challenge that Sri Lanka is facing, everyone must come together to support the recovery and promote stable and inclusive growth, says the International Monetary Fund (IMF) Senior Mission Chief for Sri Lanka Peter Breuer.The post Everyone must come together to support

State Minister of Finance Shehan Semasinghe will lead a delegation from Sri Lanka for the 2023 Spring Meetings of the World Bank Group and the International Monetary Fund (IMF) which will take place from April 10 to 16 in Washington, DC. President Ranil Wickremesinghe has assigned Semasinghe