Exports down for second month in Nov. as global economic slowdown bites

Sri Lanka’s earnings from exports declined for the second consecutive month in November while the trade deficit widened from the previous month, as the global economy slows down amid decades-high inflation and rise in interest rates to tackle the surging prices.

https://www.dailymirror.lk/print/business__main/Exports-down-for-second-month-in-Nov-as-global-economic-slowdown-bites/245-251900

Daily Mirror

2023-01-18

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Cabinet approves international sovereign bond rest...

Sri Lanka’s Cabinet approved the restructuring of $14.2 billion in international sovereign bonds by swapping existing bonds for new ones, aligned with the IMF's debt sustainability analysis, following agreemen...

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IMF calls on government to increase social spendin...

The IMF urged Sri Lanka to enhance social spending and ensure inclusive economic growth while maintaining fiscal discipline and meeting reform targets under its Extended Fund Facility. ...

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Vehicle imports could be a ‘very good source of re...

The IMF suggests lifting vehicle import restrictions as a potential revenue source for Sri Lanka, emphasizing careful management to protect foreign exchange reserves.

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