The Central Bank of Sri Lanka kept the Standing Deposit Facility Rate (SDFR) at 8.50% and the Standing Lending Facility Rate (SLFR) at 9.50% to maintain medium-term inflation at the targeted 5% while supporting economic growth.

Dr. Nishan de Mel, an economist and head of Verite Research, proposed that bond investors offer incentives, such as reduced interest rates, for the Sri Lankan government to improve governance, like better tax collectio...

The IMF warns against proposed New York legislation that aims to change the process of sovereign debt restructuring, expressing concerns about introducing uncertainty and complexity. The l...

Sri Lanka plans to sign an MoU with the Official Creditor Committee of the Paris Club of Nations and the Export-Import Bank of China to restructure its debts before the completion of an IMF Executive Board review.