The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country s economy which is hit by a staggering shortage of foreign currency and soaring inflation.

Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “

Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging Âpositively, according to the South Asian nation s junior finance minister.

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]

Sri Lankan Prime Minister Dinesh Gunawardena will visit China, his country’s biggest bilateral lender, next week, Beijing’s Foreign Ministry said Friday, according to AFP. “At the invitation of Premier Li Qiang of the State Council, Prime Minister of Sri Lanka Dinesh Gunawardena will pay an official visit to China from March 25 to 30,” Foreign […]

Sri Lanka is close to finalising a debt treatment plan with India and the Paris Club, sources familiar with the negotiations said, pointing to a likely moratorium of up to six years and a reduced interest rate during the repayment period.The post Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...

Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article

The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount

Acknowledging that the independence of the Central Bank of Sri Lanka (CBSL) is an absolutely key pillar under its program, the International Monetary Fund (IMF) has said that it is important to maintain a high degree of transparency to explain how the CBSL s decisions are benchmarked.

The visiting delegation of the International Monetary Fund (IMF) has met with Sri Lankan Opposition Leader Sajith Premadasa at the parliament complex on Wednesday (March 20).

Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, met with National People’s Power (NPP) leader Anura Kumara Dissanayake at the JVP head office this morning (March 19).The post Japanese Ambassador meets NPP Leader to discuss Economic and Political issues in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]

Sri Lanka s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.

Samagi Jana Balawegaya (SJB) MP Dr. Harsha de Silva has refuted recent claims that he requested for a meeting with the visiting delegation of the International Monetary Fund (IMF).

By Saman Indrajith President Ranil Wickremesinghe had told opposition political parties that they would be given an opportunity to meet a high powered International Monetary Fund (IMF) delegation last Monday to discuss the IMF programme, but he had not invited representatives of the IMF

The government says it is ready to discuss with the opposition the progress of the discussions with Sri Lanka s creditors and the programme of the International Monetary Fund (IMF).

The National People s Power (NPP) is expected to meet the visiting team of the International Monetary Fund (IMF) on Thursday (14 March).