Japan, Sri Lanka
Sri Lanka will consult with the International Monetary Fund (IMF) to assess if the latest proposals discussed with ...
Sri Lanka secured a $2.9 billion four-year bailout loan from the International Monetary Fund in March last year after defaulting on its external debt in 2022 during an unprecedented economic ...
The airport is named after former president Mahinda Rajapaksa, who borrowed heavily from China for infrastructure projects ...
Sri Lanka will consult with the IMF to assess if the latest proposals discussed with bondholders were within the parameters ...
Sri Lanka maintains financial discipline, servicing multilateral debt despite its 2022 default. Despite unpopular decisions, authorities prioritize economic recovery and continue repaying debt to ...
Sri Lanka’s rupee, which suffered severe depreciation because of the island nation’s unprecedented economic crisis since 2022, has started to make gains in comparison to other currencies, State ...
Ebrahim Raisi, the first Iranian leader to visit Sri Lanka since 2008, says the project marks his country’s ability to share ...
The Uma Oya project was scheduled for completion in 2015 but was delayed by sanctions, technical issues and the COVID ...