Sri Lanka's central bank raised interest rates in an unexpected move on Friday in a bid to help the country secure a bailout package from the International..
Sri Lanka’s overall economic growth in 2022 was minus 11 per cent and it could be - 3.5 to - 4 per cent this year, President Ranil Wickremesinghe said on Saturday, as the island nation tried hard to overcome its worst economic crisis since independence. Wickremesinghe, who also holds the finance ministry portfolio, said that 2022 overall economic growth was larger than the
An official from the International Monetary Fund (IMF) on Tuesday urged Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its ongoing debt crisis."We ve had very good, fruitful, technical .