Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan. ... Colombo, markets had breathed a sigh of relief. Sri Lanka’s stock market has jumped 6 percent this month, ...

Anti-government protesters shout slogans at a protest site in Colombo, Sri Lanka, Aug. 3, 2022. Credit: AP Photo/Eranga Jayawardena. The issue of global debt distress is a matter of great concern ...

Sri Lanka's garment manufacturers have said higher tariffs — on top of existing customs duties reaching 25 per cent — could ...

Sri Lanka IMF Deal Stalls Amid China-World Bank Relief Split India, Paris Club gave support to debt plan required by IMF Without official assurance from China, IMF bailout may stall ...

Amnesty International has appealed to international creditors to provide debt relief to Sri Lanka to alleviate suffering as its people endure hunger, worsening poverty and shortages of basic supplies.

Sri Lanka on Monday secured a much-anticipated loan of about $3 billion from the International Monetary Fund (IMF) as the South Asian nation navigates its worst financial crisis in decades.

Sri Lanka's key inflation rate eased to 35.3% in April from 50.3% in March, the statistics department said on Friday, a sign of relief for the crisis-battered economy.

COLOMBO (Reuters) - Sri Lanka is on track to post growth of 3.5% this year, the World Bank said in its latest report on Wednesday, unchanged from its October forecast, but faces challenges from ...

Sri Lanka’s government has announced significant cuts in fuel prices, providing welcome relief for many after a year of shortages and skyrocketing prices amid the country’s worst economic crisis.