COLOMBO: Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund ...

Sri Lanka reaches debt restructuring agreement with bondholders, providing relief to the cash-strapped nation.

Leftist leader Anura Kumara Dissanayake won last month’s presidential election promising to reverse steep tax hikes, raise ...

Sri Lanka's government announced that, following the Agreement in Principle reached with representatives of its international and local holders of International Sovereign Bonds, the Sri Lankan authori ...

President Anura Kumara Dissanayake had called for better terms, but after two days of talks with an IMF delegation in Colombo ...

However, Kozack reiterated that Sri Lanka’s performance under the programme is strong, and reform efforts are bearing fruit ...

Sri Lanka has recently elected Anura Kumara Dissanayaka as its new president. The election was critical for Sri Lanka for three reasons—first, it was the first presidential election since the ...

The debt restructuring is a key International Monetary Fund demand to rebuild the island’s economy, which suffered its worst ...

Sri Lankan authorities have completed their consultations with Sri Lanka's Official Creditor Committee and the International ...

The International Monetary Fund (IMF) emphasised that Sri Lanka must maintain its reform trajectory, warning that “important ...