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Sri Lanka and IMF reach deal for US$2.9bn program
The International Monetary Fund said it had reached a deal with Sri Lanka for a 4-year 2.9 billion US dollar extended fund facility subject to debt restructuring and prior actions. Under the program the budget will have to generate a primary...
2022-09-01
Economy Next
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Govt. obtained USD 1,873M in foreign financing
The Government has obtained foreign financing of USD 1,873.5 million by entering into eight agreements with foreign development partners and lending agencies in the first nine months of 2022.
2022-11-26
Ceylon Today
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Sri Lanka’s tax hike will help curb inflation, cut interest rates faster – Cenbank chief
Sri Lanka’s tight fiscal policy with new tax hikes from December 1 will help the central bank to reduce inflation and interest rates faster than it has expected, the central bank governor Nandalal Weerasinghe said.
2022-11-25
Economy Next
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Sri Lanka parliament nod for 2023 budget with higher taxes, IMF reforms
Sri Lanka’s parliament passed 2023 budget that has proposed higher taxes and some basic reforms to content the International Monetary Fund (IMF) and secure $2.9 billion loan from the global lender to move out of the island nation&rsquo...
2022-11-22
Economy Next
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India top lender to Sri Lanka in 2022
India has disbursed or agreed to give Sri Lanka 1.55 billion US dollars in 2022 to make imports, as the country went through the worst currency crisis in the history of the island’s central bank, official data show.
2022-11-21
Economy Next
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