The Securities and Exchange Commission (SEC) of Sri Lanka has approved a regulatory framework for issuing and listing Infrastructure Bonds on the Colombo Stock Exchange. This initiative is aimed at attracting both local and foreign investments into critical infrastructure projects, such as transp...

Sri Lanka, which declared default in April 2022, is actively negotiating with its private bondholders to finalize a debt restructuring agreement by the end of March 2024, according to State Finance Minister Shehan Semasinghe. Having already...

The IMF staff mission advised against further loosening of Sri Lanka's monetary policy, warning that it could jeopardize economic recovery and increase inflation risks. They commended the Central Bank of Sri Lanka (CBSL) for meeting its...

Sri Lanka’s Value Added Tax (VAT) increase to 18% from January 2024 onwards along with reduction of VAT threshold to Rs. 60 million and removal of VAT exemptions from 97 items out of 138 goods is expected to increase the inflation by 2...