Tag: Sri Lanka crisis
Sri Lanka not averse to using Indian rupee as common currency: President Wickremesinghe
COLOMBO: Sri Lanka would want to see the Indian rupee used as much as the US dollar, President Ranil Wickremesinghe has said, days ahead of…
Sri Lanka lifts import restrictions on 286 items as economic woes eases
COLOMBO: Sri Lanka has lifted import restrictions on nearly 300 items with immediate effect, the finance ministry announced on Saturday, in a clear sign that…
Sri Lanka’s economic recovery remains challenging: IMF
Cash-strapped Sri Lanka’s economy showed “tentative signs of improvement” but recovery remains challenging and Colombo must pursue painful reforms, the IMF said Friday.The International Monetary…
Lanka banks concerned over local debt restructuring, seek more transparency
Sri Lanka’s banking sector has sought more clarity and transparency from the government on the recently proposed domestic debt restructuring plans without causing a further…
Sri Lanka receives first tranche of IMF bailout
COLOMBO: Sri Lanka has received the first tranche of an IMF bailout programme, President Ranil Wickremesinghe told parliament on Wednesday.The crisis-ridden island nation was scheduled…