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The restructuring of domestic debt in cash-strapped Sri Lanka is a crucial step towards addressing the country’s financial challenges and achieving fiscal stability. By negotiating new terms and conditions with domestic lenders, the government aims to alleviate immediate cash flow pressures and establish a sustainable framework for debt ...
COLOMBO (Reuters) -Sri Lanka's parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a $2.9 billion bailout from the International Monetary Fund (IMF). Sri ...
Central Bank of Sri Lanka; Credit Information Bureau; Department of Excise; Development Lotteries Board; Employees’ Trust Fund Board; Housing Development Finance Corporation Bank; Imports and Exports Control Department; Inland Revenue Department; Insurance Board of Sri Lanka; Kandurata Development Bank; Lanka Puthra Development Bank; National ...
COLOMBO/TOKYO (Reuters) -Sri Lanka and a group of its creditor nations said on Wednesday they have reached an agreement in principle on debt restructuring, a key step needed for the South Asian ...
In March last year, Sri Lanka secured a $2.9 billion bailout from the International Monetary Fund (IMF), helping to temper inflation, increase state revenue and rebuild foreign exchange reserves.
Sri Lanka issued its first international sovereign bond in 2007, with high interest rates to incentivise investors. According to commentators, the money was used to fund vanity projects rather than projects of national utility. [40] Sri Lanka's foreign debt increased substantially, going from US$11.3 billion in 2005 to $56.3 billion in 2020. [41]
The Ministry of National Policies and Economic Affairs (Sinhala: ජාතික ප්රතිපත්ති හා ආර්ථික කටයුතු අමාත්යාංශය Jāthika Prathipaththi hā Ārthika Katayuthu Amathyanshaya; Tamil: தேசிய கொள்கைகள் மற்றும் பொருளாதார அலுவல்கள் ...
COLOMBO (Reuters) -Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but is yet to receive a letter of confirmation from the official creditor ...