Sri Lanka has made substantial progress on an IMF-supported economic reform program, but more work is needed to reduce the ...

(Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.

Sri Lanka extended sovereign bond maturities through restructure, sharply reducing the near-term roll-over or repayments.

Central Bank of Sri Lanka, Ministry of Finance, and International Monetary Fund co-host key discourse with global and local experts ..

Sri Lanka’s central bank said it will start using a single benchmark interest rate to manage monetary policy, starting from its next update on Wednesday, replacing its current system of two rates.

Sri Lanka's government has taken over loans of 2,435 billion US dollars taken from state banks by the Ceylon Petroleum Corporation, which have been converted to long term loans, a Finance Ministry ...

President Anura Kumara Dissanayake on Monday appointed a deputy minister, who was part of the top negotiating team with the ...

First Deputy Managing Director Gita Gopinath to Sri Lanka last week marked a significant milestone in the country’s economic recovery and international re- ..

Attorney-at-Law Rajeev Amarasuriya is scheduled to conclude his tenure as a member of the Governing Board and the Monetary ...

The country and other small open economies now face major risks due to tariffs, geopolitical conflict and economic ...