Sri Lanka's President, Ranil Wickremesinghe, has announced his proposal for a loan repayment pause until 2028, aiming to address the country's debt crisis. The plan involves deferring payments for ...

Sri Lanka had recorded a minus 8 per cent growth when it declared bankruptcy in April 2022 The country's economy continued to be in the negative from the fourth quarter of 2021 Sri Lanka's bankrupt ...

If a country is considered to be bankrupt when it defaults on its foreign debt, it should be correct to say that it is out of bankruptcy when it officially exits sovereign default Ratings agency Fitch ...

Dr Ajith Amarasinghe- M.B.B.S, M.D., D.C.H (Col), MRCP, MRCPCH (U.K),DAA (CMC-Vellore),MBA-Health care (Manipal) is a medical consultant and the Chairman of the United Republic Front. On the eve of ...

COLOMBO, Sri Lanka — The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign ...

SRI LANKA is bankrupt and the acute pain of its unprecedented economic crisis will linger until at least the end of next year, Prime Minister Ranil Wickremesinghe told Parliament on Tuesday (July 5).

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated. COLOMBO, Sri Lanka (AP) — The Central Bank ...

FILE- Street hawkers open up their business for the day at a market place in Colombo, Sri Lanka, Nov. 14, 2022. The Central Bank of Sri Lanka reduced its interest rates Thursday, June 1, 2023, for the ...