Sri Lanka seeks upto US$3.5 b loan from Japan

Sri Lanka’s debt-ridden government is now negotiating a fresh financial relief package from Japan amounting to between $2billion and $3.5 billion similar to Indian assistance of US$ 900 million granted to Sri Lanka recently, with the aim of overcoming the current economic crisis

Sunday Times

2022-01-16

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Government introduces new expenditure and relief t...

On 05 December 2024, the government presented supplementary estimates totalling LKR 219.4 billion for the year, which was not included in the original 2024 budget. Supplementary allocations are typically introduced to address unforeseen emer...

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Public debt grew more slowly in the first three qu...

Sri Lanka’s public debt rose at a slower pace in the first three quarters of 2024 compared to the same period in 2023. Whilst domestic debt and foreign increased, the growth was notably lower than in the previous year.

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SL exits ’Restricted Default’ rating

Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...

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