Treasury Secretary Mahinda Siriwardana emphasized that Sri Lanka’s debt restructuring program is pivotal for restoring fiscal and macroeconomic stability. Speaking on the topic.
Fitch Ratings has upgraded Sri Lanka’s long-term foreign-currency issuer default rating (IDR) to ‘CCC+’, from ‘RD’ (Restricted Default), marking a significant milestone in.
Opposition Leader Sajith Premadasa raised critical concerns in Parliament about the Government’s handling of the debt restructuring process and its adherence to the.
The Colombo stock market continued its record-breaking momentum yesterday, as investors remained bullish, driving both indices to new highs. The benchmark ASPI rose.
Sri Lanka’s state-run Ceylon Petroleum Corporation (CPC) has reported a steep decline in profits for the first half of 2024, with net earnings.
Former President and United National Party (UNP) leader Ranil Wickremesinghe has urged the government to update the public in the coming days on.
The International Monetary Fund (IMF) is actively engaging with Sri Lanka’s new administration to discuss priorities as it works toward the next review.
Sri Lanka’s economy is on the path to recovery, with the World Bank projecting a growth rate of 4.4% for 2024, surpassing previous.
Fitch Ratings has noted that political risks to Sri Lanka’s debt restructuring process have reduced following the authorities’ endorsement of the IMF programme.
As Sri Lanka approaches the completion of its debt restructuring process, optimism is rising for the resumption of long-stalled development initiatives. Eleven Japanese-funded.