After a catastrophic economic collapse marked by sovereign default, hyperinflation, and political upheaval, Sri Lanka embarked on a difficult IMF-led recovery path. Against expectations, the country ...

(Reuters) -Sustaining Sri Lanka's reform momentum is critical to safeguarding the country's macroeconomic stability, the ...

Sri Lanka’s economic crisis has been exacerbated by its reliance on International Monetary Fund (IMF) bailout packages, which ...

An International Monetary Fund (IMF) mission team led by Mr. Evan Papageorgiou, IMF Mission Chief for Sri Lanka, visited Colombo during July 21-25, 2025, to discuss recent macroeconomic developments ...

Sri Lanka increased income taxes sharply and removed electricity and fuel subsidies, fulfilling prerequisites of the IMF program. Authorities must now discuss with Sri Lanka’s creditors how to ...

IMF previously said Sri Lanka’s economy is expected to resume growing in 2024 after contracting 3% this year. The expected economic growth of 1.5% next year hinges critically on the economic ...

An IMF statement said about $333 million of the funding will be disbursed immediately and the approval will also open up financial support from other institutions. "Sri Lanka has been facing ...

It’s time for Sri Lanka to do the one and only thing that will permanently remove it from the IMF’s intensive-care ward. It should revert to a currency-board system, like the one it had for 66 ...

The executive board of the International Monetary Fund approved a loan worth $3 billion to help Sri Lanka through the financial crisis that has had the nation in a rolling economic and political ...

Sri Lanka has reached a preliminary agreement with the International Monetary Fund (IMF) for a loan of about $2.9 billion, the global lender said on Thursday, as the country seeks a way out its ...

Commenting on the IMF agreement, Amnesty International Senior Director Deprose Muchena, who is currently in Sri Lanka to launch its 2023 report on human rights, said that IMF recommendations have ...

Sustaining Sri Lanka's reform momentum is critical to safeguarding macroeconomic stability, the International Monetary Fund ...