Sri Lanka gets first response from China over debt restructuring

China has given Sri Lanka a positive response over the request for debt re-structuring State Minister Shehan Semasinghe said, as the country seeks assurances that debt will be re-structured in line with a program with the International Monetary Fund.

https://economynext.com/sri-lanka-gets-first-response-from-china-over-debt-restructuring-109830/

Economy Next

2023-01-25

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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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