Sri Lanka’s Economic Recovery to Slow in 2H 2024; Projected Growth at 3.2%
Sri Lanka’s economic growth is anticipated to slow down in the second half of 2024, with a projected overall growth of 3.2%, according.
Economics
Economics
ADB Praises Sri Lanka’s Macroeconomic Progress
The Asian Development Bank (ADB) has expressed confidence in Sri Lanka’s macroeconomic indicators, with Country Director Takafumi Kadono noting positive developments during a.
- August 2, 2024
Economics
Sri Lanka and IMF Discuss Critical Areas for Economic Program Success
Sri Lanka’s President Ranil Wickremesinghe met with International Monetary Fund (IMF) Mission Chief Peter Breuer and his team on Thursday to evaluate the.
- August 2, 2024
Finance
Japan Restarts Yen Loan Projects to Boost Sri Lankan Economy
The Government of Japan has officially decided to resume disbursement for Yen Loan Projects in Sri Lanka, which were suspended following the country’s.
- July 25, 2024
Economics
Sri Lanka, Japan Discuss Carbon Reduction Funding
Sri Lanka and Japan have discussed new funding strategies to reduce carbon emissions and revive halted projects during a meeting with President Ranil.
- July 22, 2024
Economics
Sri Lanka Bondholders Agree to 28% Haircut with GDP-Linked Gains
Sri Lanka and its sovereign bondholders have come to an agreement to exchange $14.43 billion in defaulted bonds and overdue interest for new.
- July 4, 2024
Economics
Sri Lanka Secures $100 Million from ADB for Power Reforms
Sri Lanka’s cabinet of ministers has approved borrowing 100 million US dollars from the Asian Development Bank, according to a statement from the.
- July 2, 2024
Finance
Sri Lanka Achieves Milestone in Debt Restructuring with IMF Support
The International Monetary Fund (IMF) announced that it welcomes Sri Lanka’s finalization of debt restructuring agreements with major creditor nations, marking a significant.
- June 28, 2024