Sri Lanka secured a $2.9 billion IMF bailout in 2023 after declaring its first sovereign default in April 2022 following an unprecedented foreign exchange shortage and an economic meltdown.

Sri Lanka and Japan signed agreements on Friday to restructure $2.5 billion worth of debt, completing two years of talks that will assist the island nation in getting back on its feet after a severe financial crisis.

President Anura Kumara Disanayake held a highly productive virtual meeting with the Managing Director of the IMF, Ms. Kristalina Georgieva, on Friday (07). The discussion focused on President Anura Kumara Disanayake held a highly productive virtual meeting with the Managing Director of the IMF,

The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Friday, strengthening the South Asian economy's rebound from a financial crisis.

Sri Lanka’s economic recovery has been closely tied to its engagement with the International Monetary Fund (IMF) and recent reforms, social benefits and salary increases for public sector employees.The economy is showing signs of recovery due to IMF-backed reforms and improved fiscal management.

The IMF has praised Sri Lanka for largely completing the external debt restructuring (EDR) in line with its debt sustainability targets said FIRST CAPITAL RESEARCH commenting on the third Review of the IMF-EFF programme.

The 2025 budget – the first under President Anura Kumara Dissanayake – reveals a delicate balancing act between adhering to IMF mandates and addressing domestic economic realities.

The IMF has stressed the need for Sri Lanka to sustain its reform agenda linked to the global lender's bailout program, focusing on sustainable and equitable growth.

A well-attended online meeting of health workers discussed the government’s austerity budget and the political and industrial struggle required to fight it.

Sri Lanka signed a deal with Japan Friday to restructure $2.5 billion in loans, marking the first agreement with bilateral creditors who had pledged debt relief to the cash-strapped nation

COLOMBO: IMF chief Kristalina Georgieva pledged to support Sri Lanka's economic recovery, praising the cash-strapped nation's "remarkable turnaround" during online talks with its president. The Intern