Sri Lanka’s opposition leader says if he wins the presidential race he will renegotiate the International Monetary Fund economic reforms package to ensure that rich residents pay more taxes and ...

Sri Lanka has paid a $500 million international sovereign bond that matured on Tuesday, central bank chief Ajith Nivard Cabraal said in a tweet, as the country struggles to stave off a financial ...

Sri Lanka paid $35 million for a diesel shipment on Wednesday and has another large payment due this week, an official said, as the country struggled to import fuel for power generation and to ...

Sri Lanka is struggling to raise $587 million to pay for about half a dozen fuel shipments, a top minister said on Sunday as the cash-strapped country tries to cope with its worst financial crisis ...

Sri Lanka's fuel import plans have been disrupted by a rapid spike in global crude prices after Russia's invasion of Ukraine, leaving the crisis-hit island nation struggling to pay for diesel amid ...

In April 2022, Sri Lanka defaulted on $46 billion in foreign debt, earning a $2.9-billion bailout from the International Monetary Fund (IMF), and leaving it bereft of cash to pay its oil debt to Iran.

In response to these restrictions, Sri Lanka is hoping to pay Iran in tea—a year’s worth of it. Sri Lanka’s Ceylon Petroleum Corporation (CPC), Sri Lanka’s state-owned oil and gas company ...

For businesses in Sri Lanka and across the globe, survival and growth now depend on a new, more dynamic asset: a workforce that can pivot, adapt, and innovate on the fly. This urgent imperative was ...

Sri Lanka’s opposition leader contesting the presidential election next week said Thursday that if he comes to power he will renegotiate with the International Monetary Fund the 2022 economic ...

Opposition leader and the presidential candidate of United People's Power Sajith Premadasa speaks during an interview with The Associated Press in Colombo, Sri Lanka, Thursday, Sept. 12, 2024.