Sri Lanka's Ministry of Finance explained that debt relief measures like maturity extensions and interest rate reductions help reduce future budget deficits and improve the debt-to-GDP ratio. This is key to achieving debt...

Sri Lanka has signed agreements with China and other creditor nations to restructure approximately US$10 billion in bilateral debt, a significant step towards restoring debt sustainability, according to the IMF. The cou...

Sri Lanka has finalized comprehensive debt restructuring agreements with key bilateral creditors, including the Official Creditor Committee and China Exim Bank, valued at USD 10 billion.

Sri Lanka will implement an Imputed Rental Income Tax in Q2 2025, targeting owners of multiple unoccupied homes to increase state revenue by 0.2% of GDP in 2025 and 0.4% in 2026.