The Asian Development Bank (ADB) has warned that even after completing debt restructuring, Sri Lanka may still face external debt exceeding 70% of its GDP unless it implements debt management laws. The bank's April Development Report und...

The Asian Development Bank (ADB) underscores the immediate need for Sri Lanka to establish institutional frameworks for an inclusive social protection system, vital for economic recovery. Fragmented past programs have resulted in low coverag...

Sri Lanka is undergoing a legislative transformation, with Treasury Secretary Mahinda Siriwardana revealing plans to introduce new laws and revise existing ones based on past experiences and lessons learned. The focus lies on structural refo...

The Ministry of Finance in Sri Lanka has confirmed its intent to introduce a new National Property Tax (NPT), following recommendations from an International Monetary Fund (IMF) study. Contrary to rumors, the government clarified that only a...