Sri Lanka’s central bank will be allowed to delay about one billion US dollars due to the Reserve Bank of India until March 2022, the Indian High Commission in Colombo said.

China’s has said it will support Sri Lanka in its negotiation with the International Monetary Fund, and the Asian Infrastructure Investment Bank has indicted its willingness to lend 160 million US dollars, Finance Minister Ali Sabry sa...

Headline inflation, as measured by the year-on-year (YoY) change in the Colombo Consumer Price Index (CCPI, 2013=100)1 increased to 29.8% in April 2022 from 18.7% in March 2022.  

Sri Lanka has recorded a budget deficit of 12.2 percent of gross domestic product in 2021, with 1,225 billion rupees printed under output gap targeting with flexible inflation targeting, official data show.