Central Bank of Sri Lanka’s reluctant decision to hike rates at time when the it is running clearly deflationary policy with an ad hoc peg, has drawn praise from the International Monetary Fund.

Source from Chinese EXIM Bank has stated that support will extend beyond the proposed two -year moratorium on debt repayments. The latter is only a short-term measure, and the Bank will make their best efforts to contribute to the debt sustainability and the future development of Sri Lanka in the...

Sri Lanka is confident of gaining assurances from bilateral creditors for their debt restructuring to obtain International Monetary Fund (IMF) board approval towards unlocking the US$ 2.9 billion bailout package ahead of the IMF/World Bank spring meetings in Washington in mid-April, Finance Minis...

A new predictable and orderly’ debt resolution process is needed for countries like Sri Lanka and Surinam which are not covered by existing frameworks, International Monetary Fund Managing Director Kristalina Georgieva has said.