Sri Lanka likely to lose IMF deadline due to China’s lack of interest

Sri Lanka is likely to miss the December deadline for securing the International Monetary Fund (IMF) loan since the main bilateral debtor China has shown little or no interest in restructuring debt with Sri Lanka, financial analysts based in Washington DC said.

Daily Mirror

2022-11-19

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Third review approved by IMF, SL to get next US$ 3...

IMF and Sri Lanka agreed on the third review of the Extended Fund Facility (EFF), unlocking US$333 million, subject to conditions.

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CEB reports turnaround performance in 3Q despite t...

The Ceylon Electricity Board achieved a significant turnaround in Q3 2024, driven by prior steep tariff hikes, with revenue rising 19.8% year-on-year to Rs.126.80 billion and operating profits surging by 169.8% to Rs.35...

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ADB US$200 million loan to strengthen Sri Lanka’s...

The ADB approved a $200 million loan to strengthen Sri Lanka's financial sector by enhancing banking sector governance, improving asset quality, supporting MSMEs with incentives, promoting financial inclusion for women through...

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