The Ministry of Finance issued Import Control Regulations on Payment Terms No.07 of 2022, dated 06 May 2022, and to be effective from 20 May 2022, by …
The World Bank Country Director for Sri Lanka, Faris H. Hadad-Zervos in a tweet has rejected the numbers mentioned in a statement issued by the Ministry of …
The World Bank Country Manager in Colombo, Chiyo Kanda, called on the Minister of Foreign Affairs Prof. G.L. Peiris at the Ministry of Foreign Affairs on 27 …
President Gotabaya Rajapaksa had a meeting today (28) with the Governor of the Central Bank, Dr.P. Nandalal Weerasinghe and Monetary Board member Sanjeeva …
An International Monetary Fund (IMF) team led by Peter Breuer and Masahiro Nozaki conducted a virtual mission with the Sri Lankan authorities during May 9-24 …
President Gotabaya Rajapaksa expects that the negotiations now underway regarding bridging funds from Japan will conclude soon. The President made these …
The Minister of Foreign Affairs Prof. G. L. Peiris met the UN Resident Coordinator in Colombo, Hanaa Singer- Hamdy on 23 May, 2022 to discuss multiple …
The Cabinet has previously approved the provision of the services of an International Financial Adviser and an International Legal Adviser for the …
Headline inflation, as measured by the year-on-year (Y-o-Y) change in the National Consumer Price Index increased to 33.8% in April 2022 from 21.5% in March …
Earnings from the merchandise exports increased by 11.87% y-o-y to US$ 915.3 Mn in April 2022, the highest monthly value recorded for the month of April. This …
Statement on Sri Lanka Defaulting on Foreign Debt Payments by Eran Wickramaratne M.P., Former State Minister of Finance On 12 April 2022, Sri Lanka suspended …
2022 has so far been a tumultuous year for Sri Lanka. With the country teetering dangerously close to defaulting, economists have noted that the situation will …
On 18 May, Sri Lanka (Ca stable) defaulted on its international bonds for the first time, after failing to make its coupon payments that were due on 18 April …
Fitch Ratings has downgraded Sri Lanka's Long-Term Foreign-Currency (LTFC) Issuer Default Rating (IDR) to 'RD' (restricted default) from 'C'. Fitch typically …
Sri Lanka's Central Bank has directed commercial banks with immediate effect that Letters of Credit (LCs) should not be opened for the importation of …
Sri Lanka's Central Bank is planning to illegalize the holding of dollar notes by its citizens for longer periods, Governor Nandalal Weerasinghe said. …
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the …
May 18, 2022 (LBO) - Colombo stocks consolidated gains after a recent sharp three day rally. Major indices finished down slightly on the day but are still up …
May 17, 2022 (LBO) - The stock market in Sri Lanka continued its surge for the third consecutive day, with the two major indices finishing up in the range of …
May 13, 2022 (LBO) - Business leaders in Sri Lanka say the new Prime Minister Ranil Wickremesinghe should be given a chance to resuscitate the economy. …