Sri Lanka held its benchmark interest rate steady at 7.75% on Wednesday, but the central bank chief said further easing was ...

Under the IMF’s stringent conditions, ordinary Sri Lankans face exorbitant increases in the cost of living. In sharp contrast ...

The Central Bank of Sri Lanka is considering moving towards a single policy rate mechanism to ensure better signalling of its policy stance, Governor P. Nandalal Weerasinghe said in early 2024 ...

Sri Lanka owed China's EXIM $4.1 billion, or 11% of the country's foreign currency debt, at the end of 2022, according to government data. "As a friendly neighbour and sincere friend, China .. has ...

(Reuters) -Sustaining Sri Lanka's reform momentum is critical to safeguarding the country's macroeconomic stability, the ...

The World Bank has been a partner to Sri Lanka for more than 70 years, providing financial and knowledge support to the country. At the onset of the economic crisis in May 2022, the World Bank moved ...

The World Bank’s Board of Executive Directors today approved $150 million in financing for Sri Lanka to strengthen the resilience of the financial sector. The Financial Sector Safety Net Project is ...

Sri Lanka's economy is set to perform better than expected but still see a significant contraction in 2023 before growing next year, World Bank projections for the crisis-hit nation showed on Tuesday.

Governments have defaulted on their debts 18 times in the last three years, including in places like Zambia, Sri Lanka and Lebanon. That surpasses the total number of defaults that were recorded ...

Sri Lanka's Central Bank Governor Nanadalal Weerasinghe said on Thursday it was too early to measure the wider economic impact of the tariff announcement on Sri Lanka's economy. Last week, the ...