Finance

Sri Lanka Reaches ISB Restructuring Deal, Finalises Agreement with China Development Bank

  • September 20, 2024

Sri Lanka has reached an agreement in principle to restructure approximately USD 14.2 billion in sovereign debt with International Sovereign Bond (ISB) holders and has also finalized an agreement with the China Development Bank, according to State Minister of Finance, Shehan Semasinghe. Semasinghe announced on Thursday, September 19, that the ISB deal was secured after

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Economics

Sri Lanka and Austria to Sign Convention on Preventing Double Taxation and Evasion

  • September 3, 2024

The Sri Lankan Cabinet of Ministers has approved a proposal by the Minister of Finance to sign a convention with Austria aimed at preventing double taxation, tax evasion, and avoidance of public finance. The agreement will apply to taxes on income and capital between the two countries. The convention has been drafted and signed at

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