Sri Lanka is set to announce a groundbreaking domestic debt restructuring (DDR) plan that will have significant economic implications, focusing on Treasury bills held by the Central Bank. The plan, which includes maturity extensions and coupon rate cuts, aims to achie...

The Central Bank has proposed domestic debt restructuring that would primarily affect Treasury bills and bonds held by superannuation funds. Banks are excluded from the process. The plan involves converting Treasury bills into Treasury bonds and potentially increasing...

Manila based Asian Development Bank has picked Sri Lanka as a priority country to pilot a new financing approach to conserve and build ‘natural capital’, Kenichi Yokoyama, Director General.

The Sri Lankan government was not allocating funds to ensure the availability of essential public goods despite the gradual stabilisation of the economy, Prof. Priyanga Dunusinghe, of Department of Economics at the Colombo University said ad...