Sri Lanka gets backing from IMF, bilateral creditors
Sri Lanka gets backing from IMF, bilateral creditors for $12.5 billion bondholder debt rework
Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary Fund, the finance ministry said in a statement on Friday, a huge boost to the island nation's fragile economy.
Sustaining reforms critical for Sri Lanka: IMF
(AFP)Sri Lanka’s painful austerity measures were “bearing fruit” and must be sustained, the International Monetary Fund said Friday as the country’s new president sought changes to its $2.9 billion bailout.
IMF to Work With Leftist Sri Lanka Leader on $3 Billion Loan
The International Monetary Fund said it’s looking forward to working with Sri Lanka’s newly elected leftist president, including on the latest review of the country’s $3 billion bailout package.
Sri Lanka to move forward with third review of near $3 billion IMF bailout
Sri Lanka plans to move ahead with the third review of its nearly $3 billion programme of support from the International Monetary Fund, the new government said on Thursday, as the island nation seeks to emerge from its worst financial crisis in decades.
Statement at the End of IMF Staff Visit to Sri Lanka
An International Monetary Fund (IMF) team led by Mr. Krishna Srinivasan, Director for the Asia Pacific Department, visited Colombo October 2-4, 2024.
Sri Lanka Approves Controversial Foreign Debt Deal
Sri Lanka's new government has approved a controversial restructure of $14.7 billion in foreign commercial credit tentatively agreed by its predecessor, the finance ministry said Saturday.
Sri Lanka to begin talks with IMF to take forward $2.9 bln bailout, president says
Sri Lanka's new President Anura Kumara Dissanayake said on Wednesday that he plans to begin negotiations with the International Monetary Fund (IMF) immediately to take forward the country's $2.9 billion bailout programme.
IMF asks Sri Lanka to protect hard-won gains
Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said Friday as the country's new president sought changes to its $2.9 billion bailout.
Jurist6h
Interview: ‘The Prospect for Political Change in Sri Lanka Rests on the Dynamics of the Next Few Months’
Sri Lanka elected Anura Kumara Dissanayake as its new president on September 21, 2024, marking the first time in the ...
New Sri Lanka Leader Meets IMF, Completes Deal Consultation
Sri Lanka’s new president stuck to his campaign promises of reducing taxes and providing other relief to citizens in his ...
Global Finance4h
Sri Lanka: New President Wins In An Upset
In a massive political upset, a neo-Marxist political outsider won September’s presidential election in Sri Lanka. The ...
Sri Lanka’s new president says he’ll restart talks with the IMF to find a way out of economic crisis
Sri Lanka’s new President Anura Kumara Dissanayake says that he will soon resume discussions with the International Monetary ...
Sri Lanka to Discuss Shape of IMF Deal During Oct Meetings in Washington
COLOMBO (Reuters) - Sri Lanka will have detailed talks with the IMF on the framework of a $2.9 billion bailout programme on ...
IMF, bilateral creditors back Sri Lanka on $12.5 bln bondholder debt rework
Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary ...
Island21h
Outgoing Japanese envoy urges Sri Lanka to manage external pressures or face consequences
Japanese Ambassador in Colombo Mizukoshi Hideaki said that in trying to overcome the economic crisis Sri Lanka should manage ...
Ada Derana2d
IMF acknowledges Sri Lanka’s progress, warns of ongoing vulnerabilities
However, Kozack reiterated that Sri Lanka’s performance under the programme is strong, and reform efforts are bearing fruit ...