While claiming that it is deeply concerned about the dire economic situation and its impact on the people of Sri Lanka, the World Bank said that “until an adequate macroeconomic policy framework is in place, the World Bank does not pla...

The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s Government seeks a financing loan from the Washington-based fund.

Sri Lanka’s local currency debt which has taken almost 44 percent hair cut as the rupee collapsed from 200 to 360 to the US dollar may be at risk of a second cut, a rating agency has warned. ...

Heart to Heart International, a renowned global humanitarian organization based in the United States made urgent medicinal supplies worth US$ 908,547 (LKR 326,077,518.30) to the people of Sri Lanka following a request by Sri Lankan Ambassado...