By Malavika Kaur Makol Courtesy Bloomberg (Bloomberg) — Moody’s Ratings upgraded Sri Lanka’s credit rating, days after the nation concluded debt restructuring of its dollar bonds, which reduces the risk of default on future notes.  The South Asian nation has been upgraded to Caa1 from Ca on Monday, according to a statement by the rating agency. […]

By Nalliah Thayabharan Germany was hopelessly broke when Adolf Hitler came to power in 1933 . The Treaty of Versailles (le Traité de Versailles) had imposed crushing reparations on the German people, demanding that Germans repay every nation’s costs of the war. These costs totaled three times the value of all the property in Germany. […]

Courtesy Adaderana Sri Lanka vowed Thursday to complete its long-delayed foreign debt restructure within the month before a 2025 budget adhering to strict revenue targets set by the International Monetary Fund. The island nation defaulted on its $46 billion external debt in April 2022 after running out of foreign exchange to finance even the most […]

Courtesy The Daily Mirror Sri Lanka has achieved another Staff-Level Agreement for the Third Review of the IMF program. The IMF delegation during its recent visit to Colombo praised the state of the economy and the success of their programme in Sri Lanka. The reality is far from its applause, where real output and incomes […]

IMF Communications Department Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: The Sri Lankan authorities have been implementing an ambitious economic reform program supported by the IMF, which aims to restore debt sustainability and external viability, underpin broad […]

Courtesy CNN COLOMBO: Sri Lanka’s new leftist government has agreed to press ahead with a controversial IMF bailout programme that involves tough austerity and economic reforms, the international lender announced on Saturday (Nov 23). The International Monetary Fund said it reached an agreement with President Anura Kumara Dissanayake’s administration to continue with the four-year loan negotiated […]

Courtesy Adaderana Sri Lanka’s new government has agreed to press ahead with a IMF bailout programme that involves tough austerity and economic reforms, the international lender announced on Saturday (Nov 23). The International Monetary Fund said it reached an agreement with President Anura Kumara Dissanayake’s administration to continue with the four-year loan negotiated by his […]

Courtesy Adaderana IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the third review of Sri Lanka’s economic reform program supported by the IMF’s Extended Fund Facility (EFF).  Once the review is approved by IMF Management and completed by the IMF Executive Board, Sri Lanka will have access […]

Courtesy The Island The government of President Anura Kumara Dissanayake reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate. Senior Mission Chief Peter Breuer and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the […]

Courtesy Adaderana The government of President Anura Kumara Dissanayake has reaffirmed its readiness to collaborate with the International Monetary Fund (IMF) to advance Sri Lanka’s economic recovery within the context of the mandate.  Senior Mission Chief Peter Breuer and the IMF delegation met with President Dissanayake and key ministers of the newly-formed government at the […]

Courtesy The Daily Mirror Dr. Nandalal Weerasinghe  The next review of the International Monetary Fund (IMF) will be delayed, the Central Bank confirmed on Friday. As reported by Reuters, Central Bank Governor Dr. Nandalal Weerasinghe while acknowledging the delay, did not give a timeline on when it would happen. It is unclear if the review […]

Courtesy Adaderana The International Monetary Fund (IMF) says Sri Lanka’s Third Review under the USD 2.9 billion Extended Fund Facility (EFF) programme, will be announced in due course.  Addressing a bi-weekly media briefing held in Washington DC, IMF’s Director for Communications Julie Kozack noted that vulnerabilities and uncertainties remain, meaning sustaining the reform momentum is critical […]

IMF bailout package Summary Since 2015, the Central Bank of Sri Lanka (CBSL) has enhanced its risk management through a comprehensive framework and is aiming for an Enterprise Risk Management system. Initiatives like the establishment of the Banking Risk Oversight Committee (BROC) and the Non-Financial Risk Management Committee (NFRMC) have been key in fostering higher-level […]

Courtesy Adaderana The International Monetary Fund (IMF) team visiting the island says it will continue its close engagement with Sri Lanka’s economic team to set a date for the third review of the IMF-supported program.  We are encouraged by the authorities’ commitment to continue the reform efforts,” the global lender’s Director for the Asia Pacific […]

Courtesy The Daily Mirror Colombo, October 04 (Daily Mirror)- The International Monetary Fund (IMF) said that the dates for the third review under the Extended Fund Facility (EFF) will be announced in due course. Addressing the IMF media briefing, Director of the IMF Communications Department Julie Kozack said a high-level team led by IMF Director […]

උපුටා ගැන්ම ලංකා සී නිව්ස් මෙරටට පැමිණ සිටින ජාත්‍යන්තර මුල්ලේ අරමුදලේ නියෝජිතයන් හා ජනාධිපති අනුර දිසානායක මහතා අතර විශේෂ හමුවක් අද ජනාධිපති ලේකම් කාර්යාලයේදී සිදුව තිබේ ජාත්‍යන්තර මූල්‍ය අරමුදලේ ආසියා පැසිෆික් දෙපාර්තමේන්තුවේ අධ්‍යක්ෂ ක්‍රිෂ්ණ ශ්‍රීනිවාසන් (Krishna Srinivasan),ජ්‍යේෂ්ඨ දූත මණ්ඩල ප්‍රධානී ආචාර්ය පීටර් බෲවර් (Dr. Peter Breuer) යන මහත්වරු ඇතුළු ජාත්‍යන්තර මූල්‍ය අරමුදලේ ජ්‍යේෂ්ඨ නියෝජිත පිරිසක් […]

Courtesy Adaderana The high-level delegation from the International Monetary Fund (IMF) visiting Sri Lanka met with President Anura Kumara Dissanayake at the Presidential Secretariat in Colombo today, the President’s Media Division (PMD) said. President Dissanayake reaffirmed commitment to IMF objectives and advocated for alternative solutions to ease the burden on people today, the President’s Media […]

උපුටා ගැන්ම ලංකා සී නිව්ස් ජාත්‍යන්තර මූල්‍ය අරමුදල සමඟ වන වැඩසටහනට අදාළව ජනාධිපති අනුර කුමාර දිසානායක මහතා ප්‍රමුඛ නව රජයේ ඉදිරි වැඩපිළිවෙළ පිළිබඳ සොයා බැලීමට ජාත්‍යන්තර මූල්‍ය අරමුදලේ (IMF) ඉහළ පෙළේ නියෝජිත පිරිසක් අද (02) මෙරටට පැමිණියහ. IMF වැඩසටහනේ ප්‍රගතිය සහ ඩොලර් බිලියන 2.9 ක විස්තීරණ අරමුදල් පහසුකමේ සිව්වන වාරිකය ලබා දීමට අදාළ සාකච්ඡා පැවැත්වීම […]

උපුටා ගැන්ම ලංකා සී නිව්ස් දේශීය ආදායම් දෙපාර්තමේන්තුවෙන් බලාපොරොත්තු වූ බදු ආදායම නොලැබීම නිසා රාජ්‍ය ආදායම අර්බුදකාරී තත්ත්වයකට පත්වීමේ අවදානම් තත්ත්වයක් උද්ගතව ඇතැයි මුදල් අමාත්‍යාංශයේ අභ්‍යන්තර ආරංචිමාර්ග සඳහන් කරයි. මේ වසර තුළදී දේශීය ආදායම් දෙපාර්තමේන්තුව, ශ්‍රී ලංකා රේගුව සහ සුරාබදු දෙපාර්තමේන්තුව ඉපැයිය යුතු සමස්ත ආදායම් ඉලක්කය රුපියල් බිලියන 4,127 කි. එම මුදලින් දේශීය ආදායම් දෙපාර්තමේන්තුව […]

Courtesy Adaderana A high-level delegation from the International Monetary Fund (IMF) arrived in Sri Lanka today (2) to engage with the newly formed government led by President Anura Kumara Dissanayake.  The primary objective of the visit was to initiate discussions on the progress of the IMF program and necessary steps towards the release of the […]

Courtesy The Daily Mirror The International Monetary Fund delegation addressing the media in Colombo Dissanayake is going to have to walk a tightrope. For a country and people that are going through the worst phase of dispossession since independence, international solidarity should mean providing space for rebuilding the country Sri Lanka is at a historic […]

Courtesy Adaderana A high-level team of the International Monetary Fund (IMF) led by its Director of the Asia Pacific Department, Krishna Srinivasan, is scheduled to visit Colombo from October 02 to 04 to meet with President Anura Kumara Dissanayake and Sri Lanka’s new economic team.  The high-level delegation is visiting the island to discuss latest […]

Ceylon Treasury

Courtesy The Daily Star Sri Lanka’s new president called on Wednesday for restarting talks with the IMF “immediately” over a $2.9 billion bailout that threw a lifeline to his bankrupt country but imposed painful austerity. Self-avowed Marxist Anura Kumara Dissanayake won a landslide last week promising to reverse steep tax hikes, raise public servant salaries […]

Courtesy The Daily Mirror Cololmbo, September 20 (Daily Mirror) –  In reference to Sri Lanka agreeing in principle on the restructuring of commercial debts (ISB), Chairman of Advocata Institute Murtaza Jafferjee said it was a game changer on the path to debt sustainability. He said there is a lot of political discourse on the need […]

Courtesy Adaderana Sri Lanka said it’s reached an agreement in principle with bondholders to restructure its $114 billion debt load, just days before the country heads for presidential elections. The government held restricted discussions with nine members of the steering committee of the ad-hoc group of bondholders between September 12th and 18th, it said in […]

Courtesy The Daily Mirror The International Monetary Fund (IMF) has cautioned that while Sri Lanka has made notable progress in its economic recovery, the nation is still vulnerable and must work to protect the hard-earned gains it has achieved so far, the President’s Media Division said. Speaking at an IMF press briefing on September 12, […]

උපුටා ගැන්ම ලංකා සී නිව්ස් ඉදිරි ජනාධිපතිවරයෙන් පසු පත්වන නව පාලනය සමඟ තම වැඩසටහන ඉදිරියට ගෙන යාමට සාකච්ඡා කිරීමට සූදානම් බව ජාත්‍යන්තර මුල්‍ය අරමුදල සඳහන් කරයි. ශ්‍රී ලංකාව මෙම වැඩසටහන මගින් සැලකිය යුතු ජයග්‍රහණ අත්කරගෙන ඇති නමුත් අර්බුදයෙන් ගොඩ ඒමට මෙම ජයග්‍රහණ ආරක්ෂා කර ගැනීම වැදගත් බව ද එම අරමුදල කියා සිටී. ජාත්‍යන්තර මුල්‍ය අරමුදලේ […]

Courtesy Adaderana The International Monetary Fund (IMF) says that the timing of Sri Lanka’s Third Review under the Extended Fund Facility will be discussed with the government following the elections and that they will move forward with program discussions after the country’s presidential election. Responding to questions during the weekly press briefing, the Director of […]

Courtesy Adaderana The National People’s Power presidential candidate Anura Kumara Dissanayake reiterated that the conditions of the International Monetary Fund (IMF) are not unfavourable to the country. Joining a business community conference held in Colombo, Dissanayake reassured that an NPP government will uphold the current agreement with the IMF. Now all the international relations of […]