Sri Lanka secured a $2.9 billion IMF bailout in 2023 after declaring its first sovereign default in April 2022 following an unprecedented foreign exchange shortage and an economic meltdown.

President Anura Kumara Disanayake held a highly productive virtual meeting with the Managing Director of the IMF, Ms. Kristalina Georgieva, on Friday (07). The discussion focused on President Anura Kumara Disanayake held a highly productive virtual meeting with the Managing Director of the IMF,

Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on its feet after a severe financial crisis.

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Friday, strengthening the South Asian economy's rebound from a financial crisis. In a statement,

Health employees can only defend their wages and allowances and defeat the government attacks in unity with other workers facing the same assaults.

The IMF has stressed the need for Sri Lanka to sustain its reform agenda linked to the global lender's bailout program, focusing on sustainable and equitable growth.

Kristalina Georgieva, has congratulated President Anura Kumara Dissanayake on Sri Lanka’s impressive economic progress and emphasized the importance of continuing economic reforms

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation

The 2025 budget – the first under President Anura Kumara Dissanayake – reveals a delicate balancing act between adhering to IMF mandates and addressing domestic economic realities.

A well-attended online meeting of health workers discussed the government’s austerity budget and the political and industrial struggle required to fight it.

COLOMBO: IMF chief Kristalina Georgieva pledged to support Sri Lanka's economic recovery, praising the cash-strapped nation's "remarkable turnaround" during online talks with its president. The Intern