Search result for 'president wickremesinghe'

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...

Sri Lankan President Wickremesinghe emphasizes strengthening economic ties with India, focusing on regional integration and BIMSTEC. He expresses gratitude for India's support during Sri Lanka's...

The World Bank's new Country Director for Sri Lanka, Nepal, and Maldives has pledged support for the nation's economic recovery, following its recent debt default. The meeting with President...

Sri Lanka has reached a debt restructuring agreement with international sovereign bondholders, a crucial step in its efforts to restore debt sustainability and secure an IMF bailout.

Sri Lanka has finalized a debt restructuring agreement with its bilateral lenders, including India and China, to meet an IMF bailout condition. The agreement grants significant debt relief.

Sri Lankan President Wickremesinghe emphasizes the need for collaboration with India to benefit from its industrial development. He discusses potential areas of cooperation, including solar and...

Sri Lanka's Minister of State for Finance confirms the IMF's second review of the USD 2.9 billion bailout will take place on June 12, potentially leading to the release of USD 300 million. The...

Sri Lankan President Ranil Wickremesinghe urges all parties to support the economic transformation bill, crucial for IMF agreement and debt restructuring. The bill aims to stabilize the economy...

Sri Lanka's President Wickremesinghe announced the deferment of debt payments until 2027, focusing on renegotiating repayment terms to extend until 2042. The island nation aims to safeguard its...

Sri Lankan President Ranil Wickremesinghe emphasizes the IMF program as the only path to economic recovery, highlighting its progress and upcoming presidential election.

Sri Lanka President Wickremesinghe outlines plans to restructure debt, aiming for a moratorium until 2027 and full repayment by 2042, amidst ongoing IMF-backed reforms to revive the bankrupt economy.

Sri Lanka's Buddhist clergy opposes the government's plan to privatise loss-making state enterprises, citing concerns about corruption and political interference.

Sri Lankan President Ranil Wickremesinghe emphasizes the need to reassess foreign relations and prioritize economic benefits, focusing on FTAs and collaborations like the Trincomalee economic hub...

Sri Lanka's debt restructuring faces delays despite a 1.6% growth rate in Q3 2023. President Wickremesinghe outlines economic progress and challenges.

Sri Lanka's government has reserved Rs 10 billion for the upcoming presidential and parliamentary elections, despite ongoing economic challenges. Learn more about the latest developments.

An IMF team overseeing Sri Lanka's bailout program visited Jaffna for the first time, discussing economic growth, demining, and resettlement in the Tamil-dominated region.

India and Sri Lanka discuss the early launch of the UPI payment system, furthering economic ties and supporting Sri Lanka's debt restructuring. Read more.

Sri Lanka's government increased fuel prices by Rs 20 per litre, the first retail price hike under the new VAT rates. The move comes as the country grapples with its worst economic crisis in history.

Sri Lanka's central bank governor emphasizes the need to continue the IMF bailout program despite opposition claims. The IMF has already released the second tranche of the USD 2.9 billion package.

Sri Lankan President Ranil Wickremesinghe met with Indian Finance Minister Nirmala Sitharaman to discuss USD 15 million projects under Indian grants and further strengthen bilateral ties.