LONDON (Reuters) -Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and enabling its fragile economic recovery to continue.

In 2020, Sri Lanka went through its worst bout of macroeconomic instability since winning independence. The COVID-19 pandemic is not the only cause of this instability; the economy has long been beset ...

A 2020 government decree that transferred administrative control of nonprotected forests in Sri Lanka to local governments has been formally revoked by the country’s new government. The move follows ...

MS. JAHAN: Ladies and gentlemen, good afternoon. Thank you for coming to the press briefing with the IMF. I'm Sarwat Jahan, the Resident Representative based here in Colombo. As you know, the IMF ...

Mr. Breuer: Today, the IMF Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing the country with access to SDR 254 million (about US$337 ...

Susikala was working as a daily wage earner at a flower garden in Hatton, a hilly area in central Sri Lanka, when in April 2022 the government defaulted on its debt. The default sent the economy into ...