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Sri Lanka to see degrowth in 2023, gradual recovery expected next year: ADB

Sri Lanka's economy is estimated to contract again in 2023 before it begins a gradual recovery in 2024, as the country navigates an unprecedented economic crisis, according to Asian Development Bank. ....

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Sri Lanka: President Wickremesinghe seeks India's assistance to establish University of Governance and Public Policy

Ranil Wickremesinghe made the request when Bharat Lal, the Director General of the Indian Institute of Good Governance, called on him and discussed ways to improve the performance of the country s civil service by implementing effective monitoring measures ....

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Sri Lanka leader warns hard times to follow IMF bailout

The International Monetary Fund approved its long-delayed rescue package on Monday after China, the South Asian island s biggest bilateral lender, offered debt relief assurances. ....

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IMF Approves $3 Billion Bailout For Sri Lanka Amidst Economic And Social Crisis

IMF Approves $3 Billion Bailout For Sri Lanka Amidst Economic And Social Crisis
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt

Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout. ....

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