Sri Lanka fin min rules out default, says 1Q has US3bn debt repayments

Sri Lanka’s Finance Minister Basil Rajapaksa said all debt maturing this year will be paid and the the country is projecting 30 billion US dollars external flows to involving foreign debts and imports. Sri Lanka is facing one of its worst economic volume of money printed to maintain steeply negative real rates .

EconomyNext

2022-02-03

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IMF calls on government to increase social spendin...

The IMF urged Sri Lanka to enhance social spending and ensure inclusive economic growth while maintaining fiscal discipline and meeting reform targets under its Extended Fund Facility. ...

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Vehicle imports could be a ‘very good source of re...

The IMF suggests lifting vehicle import restrictions as a potential revenue source for Sri Lanka, emphasizing careful management to protect foreign exchange reserves.

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ADB approves $200m Sri Lanka loan for battery stor...

ADB has approved a $200 million loan to upgrade Sri Lanka’s power grid, enhance renewable energy integration, reduce power interruptions, and modernize infrastructure.

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