Sri Lanka's tax revenue increased significantly by 56% to 2,512 billion rupees in the 11 months leading up to November. Total revenues also rose to 2,758 billion rupees. Despite this, the country faced a substantial surge in its deficit, primarily due to increased interest costs. The monthly...

The International Monetary Fund (IMF) anticipates that Sri Lanka will secure an agreement with its commercial creditors, including bondholders and the China Development Bank, ahead of the next review, as stated by S...

The International Monetary Fund (IMF) has recognized signs of economic recovery in Sri Lanka, attributed to a stabilization program that has led to positive GDP growth, eased shortages, and controlled inflation. Despite these improvements, challenges remain, particularly in ensuring these gains t...

Your initial statement outlines the Sri Lankan government's plan to transfer public debt management responsibilities from the Central Bank of Sri Lanka to a new, independent agency. This agency, the Public Debt Management Agency (PDMA), will be established under the Ministry of Finance. The C...