Sri Lanka to announce debt restructuring strategy in April – cenbank chief – Stock…
COLOMBO (Reuters) - Sri Lanka aims to announce a debt restructuring strategy in April and step up talks with commercial creditors ahead of an…
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Sri Lanka to relax currency band as it moves towards market driven exchange rate – Stock…
COLOMBO (Reuters) - Sri Lanka will relax its currency band from next week, its central bank said on Friday, as part of efforts to move towards an…
Analysis-Cash-strapped countries face IMF bailout delays as debt talks drag on
IMF financing is often the only financial lifeline available to countries in debt crisis, and the key to unlocking other sources of financing, with delays putting pressure on the country's finances. government, companies and populations.…
Sri Lanka economy could shrink by -3.5% to -4%, president says
"From 2024, we will take this economy to positive growth. We are creating a strong country that does not bow before anyone and is debt free," he said.
Speaking at a religious event, he said: "The growth rate of the economy in…