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19 Apr 24
Restructuring efforts for two struggling countries’ debts have hit snags as deals with private bondholders flounder.
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1 Dec 23
An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
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28 Sep 23
Slow progress on reforms aimed at delivering financial stability in Sri Lanka has prompted the International Monetary to withhold the second tranche of a $3bn bailout.
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17 May 23
More progress is needed on reform, the IMF has told Sri Lanka
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26 Apr 23
A preliminary agreement with lenders to access finance has put Sri Lanka on a path to restructuring its high level of debt, the country’s president has said.
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21 Mar 23
A $3bn bailout has finally been approved by the International Monetary Fund’s board, six months after a deal was first reached.
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9 Jan 23
Most of Sri Lanka’s external debt payments are made to private creditors, and a group of economists has called on them to “share the burden” of restructuring the country’s debt as it attempts to...
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8 Dec 22
Reforms to improve economic governance and target social welfare payments more effectively should be urgent priorities for the Sri Lankan government as it tries to wrest itself from financial turmoil...
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11 Oct 22
The acceleration of reforms aimed at collecting additional revenue and debt restructuring will help Sri Lanka to support its poorest and aid its financial recovery, economists at the World Bank have...
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5 Sep 22
The Sri Lankan government has reached a preliminary agreement on a $2.9bn bailout with the International Monetary Fund, amid a financial crisis
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31 Aug 22
The Sri Lankan government has outlined plans to increase taxes as discussions over an International Monetary Fund bailout reach the “final stage”.
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22 Aug 22
The International Monetary Fund has said it will need “adequate assurances” from Sri Lanka’s creditors, before it agrees a new deal with the nation, amid an economic crisis.
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29 Jul 22
Sri Lanka needs to implement “deep structural reforms” before it can receive any new financial support from the World Bank, which has released a statement in response to the continuing economic...
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12 Jul 22
The prime minister and president of Sri Lanka will resign after the country’s economic crisis led to months of protests.
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27 May 22
A bailout deal between the International Monetary Fund and the crisis-hit Sri Lankan government appears to be close following two weeks of technical discussions between officials.
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20 May 22
Sri Lanka’s central bank has confirmed the government has defaulted on foreign debt repayments for the first time in the country’s 74-years of independence.
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11 May 22
Sri Lanka’s central bank governor will resign in two weeks’ time unless political stability can be restored, he told a press conference after the prime minister was forced to quit amid protests.
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12 Apr 22
The Sri Lankan government has suspended repayments on external loans, as it works with the International Monetary Fund to develop a debt restructuring plan.
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4 Apr 22
Sri Lanka’s finance minister and central bank governor have resigned amid countrywide demonstrations angry at a deepening economic crisis.
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1 Apr 22
Soaring inflation stemming from Russia’s invasion of Ukraine, could force Asia Pacific to issue more debt to fund increased spending, putting pressures on finances, according to ratings agency S&...
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7 Mar 22
The Central Bank of Sri Lanka has raised interest rates by one percentage point, to help mitigate double-digit inflation.
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22 Feb 22
The Sri Lankan government says it is open to discussions with the International Monetary Fund and other lenders for assistance, as it faces its worst economic crisis in years.
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4 Jan 22
Sri Lankan finance minister Basil Rajapaksa has announced large economic relief measures amid rising food prices but remains determined the government will meet its debt obligations, despite rating...
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26 Jul 21
Sri Lanka has criticised rating agency Moody’s for its “surprise” downgrade review ahead of a looming debt repayment deadline it insists it was always able to pay.
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19 Jun 20
In the first of a series exploring how public finance professionals are tackling ethical pressures around the world, Sri Lankan accountant Buddhika Senanayake explains how he stood firm against...
19 Apr 24Restructuring efforts for two struggling countries’ debts have hit snags as deals with private bondholders flounder.
1 Dec 23An agreement in principle to restructure almost $6bn of outstanding debt is a milestone for Sri Lanka, according to a treasury minister.
9 Jan 23Most of Sri Lanka’s external debt payments are made to private creditors, and a group of economists has called on them to “share the burden” of restructuring the country’s debt as it attempts to...
1 Apr 22Soaring inflation stemming from Russia’s invasion of Ukraine, could force Asia Pacific to issue more debt to fund increased spending, putting pressures on finances, according to ratings agency S&...
19 Jun 20In the first of a series exploring how public finance professionals are tackling ethical pressures around the world, Sri Lankan accountant Buddhika Senanayake explains how he stood firm against...
