Sri Lanka and its creditors, led by Japan, are finalizing negotiations to suspend debt repayments until 2028, aiming to prevent China's influence from expanding on the debt-ridden island. The repayment period will extend from 2028 to 204...

The Committee on Ways and Means disclosed that by the end of 2023, default taxes owed to the Sri Lankan Government had surpassed Rs. 1 trillion, with the Inland Revenue Department (IRD) accounting for a significant portion. Out of this, the...

Sri Lanka is making strides towards financial stabilization as it moves towards agreements with commercial creditors, including discussions with the International Monetary Fund (IMF). The IMF Communications Director, Julie Kozack, expressed...

  Sri Lanka is on track to receive the third tranche of the IMF's extended fund facility by June, contingent upon securing consensus from creditors on debt restructuring, as stated by State Minister of Finance Shehan Semas...