Search result for 'npp government'

US State Dept flags Sri Lanka''s difficult investment climate, citing policy inconsistency and regulatory hurdles. Adani pullout.

Sri Lanka's former president Ranil Wickremesinghe criticizes the current government for failing to secure a renewable energy project with Adani, highlighting the importance of economic cooperation...

Five fundamental rights petitions against Adani Green Energy projects in Sri Lanka have been withdrawn following the company's decision to cancel its wind energy projects. The projects faced...

Sri Lanka's parliament approves the 2025 budget, aiming for 5% growth and aligning with IMF reforms. The budget seeks to stabilize the economy after a severe crisis.

Sri Lanka's President defends the government's decision to let Adani Group quit green energy projects, citing a more favorable offer. The move follows opposition criticism and legal challenges.

Sri Lanka's new government has presented its first budget, projecting 5% economic growth in 2025 and outlining a plan for gradual debt repayment starting in 2028. The budget also includes a phased...

Sri Lanka is set to receive a USD 333 million IMF tranche soon, bringing the total bailout to nearly USD 3 billion. The release follows a staff-level agreement on the third review of the program,...

Sri Lanka has officially exited debt default after Fitch Ratings upgraded its credit rating, citing completed debt restructuring and improved macroeconomic indicators. The island nation faced a...

Sri Lanka secures IMF tax relief & car import resumption. President Dissanayake announces agreement, including PAYE tax adjustments and debt restructuring for small businesses.

Sri Lanka successfully completes its International Sovereign Bonds exchange offer, securing debt restructuring and new securities with 98% participation. This move helps the nation maintain debt...

Sri Lanka's interim budget for the first four months of 2025 was approved in parliament on Friday, covering debt servicing and government expenditure. The new NPP government aims to complete debt...

Sri Lanka's new government has ratified a debt restructuring agreement, a crucial step in securing the fourth tranche of a USD 3 billion IMF bailout package. The agreement, reached under the...

The IMF team has arrived in Sri Lanka to conduct the third review of the USD 3 billion bailout package, assessing the country's economic reform progress and debt restructuring efforts.

Sri Lanka's new government has reversed a key IMF bailout reform concerning the privatization of the state-owned Ceylon Electricity Board (CEB).

An IMF team will visit Sri Lanka to discuss economic reforms and a loan agreement with the new government led by President Anura Kumara Dissanayake. The visit comes as the country faces an economic...