State Minister of Finance Shehan Semasinghe emphasized the crucial role of the Asian Development Bank (ADB) in bridging Sri Lanka’s finance gap, speaking to Daily News Business during the Annual Meeting of ADB’s Board of Governors in Tbilisi, Georgia. He highlighted the urgent need for ADB’s assistance, particularly in supporting the SME sector and the
Sri Lanka’s ongoing debt restructuring talks with sovereign bond holders are currently stalled, awaiting clarity from the International Monetary Fund (IMF) regarding the assessment of securities linked to economic performance under its debt sustainability analysis (DSA). Sources familiar with the discussions revealed that the IMF found a March proposal by private investors, involving macro-linked bonds,
According to First Capital Research (FCR), Sri Lanka’s economic indicators exhibited positive signs of recovery in February 2024. One significant indicator is the rise in gross official reserves, which reached USD 4.5 billion in January 2024. This growth can be attributed to two factors: an inflow of USD 700 million from multilateral organizations in December