The government will soon roll out a special scheme for salvaging loss- making State-Owned Enterprises (SOEs) via restructuring or privatisation opening up its management or ownership while liquidating failing institutions with insolvency iss...

The Asian Development Bank (ADB) and the Government yesterday signed loan agreements for $ 200 million to finance the implementation of Food Security and Livelihood Recovery Emergency Assistance Project.  The project aims to ensu...

Sri Lanka would be allowed to use funds from the next International Monetary Fund for budget finance, and not only to boost foreign reserves, Central Bank Governor Nandalal Weerasinghe said. Sri Lanka has gone to the IMF 16 times in the past...

The IMF staff-level agreement with Sri Lanka on a USD 2.9 billion programme, confirmed on 1 September, appears to signal a sharp change in policy settings in order to achieve macroeconomic stability, including through large fiscal adjustment...