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Sri Lanka receives first tranche of IMF bailout

BREAKBREAK, Rescue packages arrive as the island nation grapples with its worst economic crisis in 70 years.Sri Lanka has received the first tranche of...

Can the IMF bailout help Sri Lanka exit its economic crisis?

By: Within storyThe bankrupt country faces a difficult road.Years of economic mismanagement and the effects of...

IMF approves Sri Lanka’s $2.9bn bailout

Sri Lanka's president has said the International Monetary Fund (IMF) has approved its request for a $2.9 billion bailout and the country's presidency said...

Sri Lanka’s economy shrank by record 7.8 percent last year

The contraction is the largest in the crisis-hit island nation's 75 years of independence.Sri Lanka's crisis-hit economy shrank a record 7.8 percent last year,...

Sri Lanka unions stage strike to protest against IMF bailout plan

Public sector workers are demanding that the government reverse high taxes as a condition of unlocking a $2.9 billion IMF loan.Thousands of workers in...

The G20 could help fix Sri Lanka’s debt crisis. Will it step up?

In February, the finance ministers of the G20 countries met to discuss the challenges facing the global economy. It was a missed opportunity...

Sri Lanka says ‘positive news’ coming from IMF on $2.9bn package

Sri Lankan President Ranil Wickremesinghe is expected to address parliament on the progress of IMF negotiations.Sri Lanka is about to receive "very positive news"...


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