COLOMBO (Reuters) -The International Monetary Fund and Sri Lanka have reached a staff-level agreement on economic policies to conclude the second review of a four-year bailout programme, the ...

COLOMBO (Reuters) -The International Monetary Fund (IMF) approved the second review of Sri Lanka's $2.9 billion bailout, but the global lender warned the economy remains vulnerable despite signs ...

The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday. Sri Lanka's ...

The government, which is fully committed to the IMF program, has only been able to prepare its attack on this key section of ...

Sri Lanka has recovered strongly from the crisis caused by a record shortage of dollars, thanks to a $2.9-billion bailout from the IMF and efforts to cut inflation, rebuild reserves, and stabilise ...

But the economic recovery remains challenging,” said IMF deputy managing director Kenji Okamura after concluding a visit to Sri Lanka, where he met with the country’s top leaders and officials.

The debt-addled Sri Lankan economy has begun a gradual recovery, with inflation down to 5.9% last month, according to the International Monetary Fund.

The International Monetary Fund (IMF) announced on March 21, 2024, that it has reached a staff-level agreement with Sri Lanka regarding the next phase of financial assistance, granting access to ...

The IMF said in September Sri Lanka’s economy was recovering, but it needed to improve its tax administration, eliminate exemptions and crack down on tax evasion.

Sri Lanka has made “commendable progress” in putting debt onto a sustainable path, the International Monetary Fund said, as the nation looks to finalize debt deals with creditors.

The International Monetary Fund (IMF) on Friday welcomed Sri Lanka's policy shift towards a flexible exchange rate, saying it will help contain the trade deficit and protect the nation's dwindling ...