New debt process needed for countries like Sri Lanka: IMF chief

A new predictable and orderly’ debt resolution process is needed for countries like Sri Lanka and Surinam which are not covered by existing frameworks, International Monetary Fund Managing Director Kristalina Georgieva has said.

https://economynext.com/new-debt-process-needed-for-countries-like-sri-lanka-imf-chief-113288/

EconomyNext

2023-03-01

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SriLankan loses Rs. 12.9 b in Q1

SriLankan Airlines recorded a Rs. 12.9 billion net loss in Q1 FY25, driven by cash flow challenges, legacy issues, and financial costs from past debt. ...

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SL pays $ 503 m for 1H debt servicing

By June 2024, Sri Lanka's external debt had reached $37.5 billion, with $8.19 billion in unpaid debt service accumulating since the April 2022 debt standstill on bilateral and commercial loans.

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Workers’ remittances decline in September

In September 2024, Sri Lanka’s remittances reached $556 million, tourism earnings were $181 million, and gross official reserves rose to $6 billion, covering 3.9 months of imports.

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