Last week, U.S. President Donald Trump wrote to his Sri Lankan counterpart, Anura Kumara Dissanayake, informing him that the ...

Sri Lanka's economic outlook remains positive, but global trade policy uncertainties pose significant risks to macroeconomic and social stability, the International Monetary Fund (IMF) said on ...

The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn) to help it deal with its worst economic crisis in its history as an independent nation.

Sri Lanka's customs authorities arrested on Friday a woman and seized the largest haul of cocaine ever detected at the country's main international airport, an official said. The unnamed 38-year ...

Sri Lanka is in a deep economic and humanitarian crisis. A big contributing factor? Its central bank is running dangerously low on foreign currency reserves.

Sri Lanka raised electricity prices by 66% on Thursday, in a move the government hopes will persuade the International Monetary Fund to provide a bailout for its crisis stricken economy.

Last month, Sri Lanka’s electricity company cut power to Shanti’s home in a town near Colombo, where she lives with her sixteen-year-old son. Shanthi lost her job last year during a severe ...

Sri Lanka extended power cuts for a third day on Thursday as it scrambled to restore its national grid to full capacity after a monkey triggered a widespread blackout over the weekend that ...

Sri Lanka fell into an unprecedented crisis as a result of a series of shocks and policy missteps. Debt rose to unsustainable levels resulting from large fiscal imbalances, and access to international ...

The International Monetary Fund will provide Sri Lanka $2.9 billion over four years to help salvage the country from its worst economic crisis under a preliminary agreement the agency announced ...