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Sri Lanka, with the help of its legal and financial advisors, must present a debt restructuring strategy before the end of April 2023 in order to reach the International Monetary Fund s targets to achieve debt sustainability, Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka said today. MORE..

21 Mar 2023 (2:29 PM)

In a special statement following the approval of the extended credit facility by the Executive Board of the International Monetary Fund (IMF), President Ranil Wickremesinghe emphasized that Sri Lanka is no longer deemed bankrupt by the world. MORE..

21 Mar 2023 (1:52 PM)

The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board. MORE..

20 Mar 2023 (11:41 PM)

A private bus was completely destroyed in a fire this morning (21 March) near the Boralugoda Investment Promotion Zone on the Horana - Ratnapura road. MORE..

21 Mar 2023 (2:09 PM)

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced. MORE..

21 Mar 2023 (12:34 AM)

Four youths are reported missing while bathing in the Ellawala falls in Wellawaya this morning (March 21). MORE..

21 Mar 2023 (1:52 PM)