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The Ceylon Chamber of Commerce has welcomed the announcement of a staff-level agreement for the third review under the International Monetary Fund (IMF) Extended Fund Facility program for Sri Lanka. MORE..

27 Nov 2024 (11:47 AM)

IMF Managing Director Kristalina Georgieva says the continued support from international financial institutions and other official creditors, together with the participation of bondholders in a debt exchange consistent with debt sustainability, is necessary to underpin the success of Sri Lanka s economic reform efforts. MORE..

27 Nov 2024 (10:01 AM)

The Monetary Policy Board of the Central Bank of Sri Lanka (CBSL) has decided to implement a single policy interest rate mechanism, the Overnight Policy Rate (OPR), transitioning from its dual policy interest rate mechanism with effect from today (27 November). MORE..

26 Nov 2024 (11:38 PM)

The A-9 main road to Jaffna has been flooded at Omanthai, prompting police to urge motorists to use alternate routes. MORE..

27 Nov 2024 (10:39 AM)

The Irrigation Department has issued a flood warning for several low-lying areas of Malwathu Oya Basin, effective until 5.30 a.m. on November 29, 2024. MORE..

27 Nov 2024 (10:26 AM)

The Steering Committee of the Ad Hoc Group of Sri Lanka Bondholders has announced its support for the restructuring terms of all 11 series of Sri Lanka s c.$12.55 billion in outstanding sovereign bonds, as detailed in Sri Lanka s Exchange Offer and Consent Solicitation Memorandum published today. MORE..

26 Nov 2024 (7:13 PM)