Sri Lanka finance minister to present Rs 695mn supplementary estimate on June 08

Sri Lanka Prime Minister Ranil Wickremesinghe in his capacity as Finance Minister will present a supplementary estimate of 695 billion rupees to parliament next Wednesday (08), preceded by a special statement on Tuesday (07) on the state of the economy.

EconomyNext

2022-06-02

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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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CEB secures US$150 mn ADB loan for transmission ne...

The Asian Development Bank (ADB) has provided a $150 million loan to the Ceylon Electricity Board (CEB) to enhance Sri Lanka's electricity transmission infrastructure, focusing on improving grid reliability and inte...

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