Sri Lanka’s original central bank law, which gave the powers to macroeconomists to control rates by purchasing Treasury bills, provisional advances for six months to directly finance the budget, or up to 12 months re-finance credit, was restrained through a gold and exchang...
Dr. Nandalal Weerasinghe. (Photo: CBSL) While external debt restructuring remains a top priority for the Sri Lankan government, domestic debt in the form of Government securities and Sri Lanka Development Bonds will not be restructured, Central Bank Governor Dr. Nandalal Weerasinghe announced Thursday...
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades. Sri Lanka has been gripped by a deep financial crisis this year c...
Outlook.Sri Lanka started experiencing a combined balance of payments and sovereign debt crisis. In staff’s view, public debt has become unsustainable, and gross reserves are critically low and insufficient to cover near-term debt service needs. While the authorities’ effo...
Sri Lanka has extended a moratorium on buses, school vans and three wheeler for a further six months from April 01, on request, the Central Bank said.
IMF director describes Sri Lanka as ‘warning sign’ for countries with high debt levels, limited policy space (国际货币基金组织(IMF)总裁将斯里兰卡描述为债务水平高、政策空间有限的国家的“警告信号”) Thursday, July 21, 2022 - 01:00 The IMF Chief made these straightforward remarks at the hybrid...
Sri Lanka Cricket in debt after World CupKRISHAN FRANCIS
In a statement, the ministry said debt repayments would be restructured in a manner consistent with an economic adjustment program supported by the IMF, which will apply to all debt repayments. However, it said credit facilities and any amounts disbursed under existing credit facilities are not ...
COLOMBO, April 24 (Xinhua) -- Sri Lanka will appoint advisors to help with its debt restructuring in the next 20 days, Finance Minister Ali Sabry has said. The minister told local media on Saturday from Washington via video link that restructuring the country's unsustainable external debt is ...
Currently, Sri Lanka is in the process of restructuring its foreign debt after announcing the country’s first sovereign default on April 12. As the largest bilateral creditor, China is playing a key role in Sri Lanka’s debt restructuring process. The topic is not merely a domestic and ...