The bondholder group of Sri Lanka has called for transparency in sharing the terms of agreements reached with China and Paris Club-led creditors. The group expressed regret over the lack of transparency from official sector creditors and highlighted the importance of transparent communication for...

Sri Lanka is anticipating increased budget support loans following an expected International Monetary Fund (IMF) review in December, according to Central Bank Governor Nandalal Weerasinghe. The loans from the IMF, Asian Development Bank, and World Bank are aimed at aiding budgetary financing. Wee...

The Monetary Policy Board of the Central Bank of Sri Lanka, in its meeting on November 23, 2023, decided to decrease the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) by 100 basis points each to 9.00% an...

Fitch Ratings expressed concerns about Sri Lanka's ambitious fiscal targets for 2024, highlighting significant risks in achieving its revenue goals and managing a wider budget deficit. Despite plans to increase revenue by 45% and raise t...