Sri Lanka has received $330 million as the first tranche of the IMF bailout programme, which will pave the way for the debt-ridden country to achieve better "fiscal discipline" and "improved governance," according to President Ranil Wickremesinghe. The International Monetary Fund (IMF) on Tuesday approved a $3 billion bailout programme to help Sri Lanka overcome its economic
Former President Gotabaya Rajapaksa, who was ousted from power last year over his government's mishandling of the cash-strapped country's economy, has returned from Dubai, his first foreign trip since returning to Sri Lanka four months ago. Rajapaksa and his wife Ayoma arrived at Bandaranaike International Airport here from Dubai on Thursday, the Daily Mirror Lanka newspaper
Financial advisory group Lazard has begun talks with countries like India, Japan and China to initiate Sri Lanka’s debt restructuring process, a Sri Lankan government spokesperson said on Tuesday, amidst the crisis-hit island nation’s worst economic crisis in decades.
Get latest articles and stories on World at LatestLY. Financial advisory group Lazard has begun talks with countries like India, Japan and China to initiate Sri Lanka s debt restructuring process, a Sri Lankan government spokesperson said on Tuesday, amidst the crisis-hit island nation s worst economic crisis in decades. World News | Lazard in Talks with India, China and Japan on Restructuring Crisis-hit Sri Lanka s Debt.