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Sri Lanka debt

Sri Lanka’s Debt Restructuring Talks With Private Bondholders Hit a Snag

Sri Lanka’s Debt Restructuring Talks With Private Bondholders Hit a Snag

By Rathindra Kuruwita
Is the government quibbling over small details to signal to the public that it is driving a hard bargain?

Sri Lanka Reaches Agreement With China’s EXIM Bank on Debt

Sri Lanka Reaches Agreement With China’s EXIM Bank on Debt

By Krishan Francis
This is a key step toward securing the next installment of a $2.9 billion package from the IMF.
Climate Finance Must Be Part of Sri Lanka’s Debt Solution

Climate Finance Must Be Part of Sri Lanka’s Debt Solution

By Michael Iveson and Timothy Shankar
Climate finance is essential to address both the country's debt crisis and its acute climate vulnerabilities.

What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka? 

What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka? 

By Michael Iveson
The IMF’s $2.9 billion EFF program lays out major structural reforms required to restore long-term macroeconomic stability in Sri Lanka. 

Sri Lanka Leader Says IMF Deal Imminent After China’s Pledge

Sri Lanka Leader Says IMF Deal Imminent After China’s Pledge

By Krishan Francis
With Beijing extending debt restructuring assurances, the last obstacle in the way of Sri Lanka securing the bailout deal has been removed.

China Expresses Support for Sri Lanka Ahead of Debt Meeting

China Expresses Support for Sri Lanka Ahead of Debt Meeting

By Joe McDonald and Bharatha Mallawarachi
Beijing is resisting cuts to Sri Lanka's debts for fear other borrowers will want similar relief.

Sri Lankan Leader Appeals for Patience Amid Economic Crisis

Sri Lankan Leader Appeals for Patience Amid Economic Crisis

By Krishan Francis
Government doctors, university teachers, and other workers from ports and the power and petroleum sectors are calling on the government to lower income taxes.
Sri Lanka Begins Crucial Debt Restructuring Talks with China

Sri Lanka Begins Crucial Debt Restructuring Talks with China

By Krishan Francis
Sri Lanka is nearly bankrupt and has suspended repaying its $51 billion foreign debt, of which it must repay $28 billion by 2027.

IMF Set to Provide $2.9 Billion to Help Crisis-hit Sri Lanka

IMF Set to Provide $2.9 Billion to Help Crisis-hit Sri Lanka

By Bharatha Mallawarachi
The package is contingent on assurances from creditors, including China, India and Japan that debt sustainability will be restored.

Sri Lanka’s Story of Sovereign Default

Sri Lanka’s Story of Sovereign Default

By Umesh Moramudali
How did Sri Lanka’s economic crisis get so bad – and how can the country move forward from here?

Sri Lanka’s Future May Not Be All That Bleak

Sri Lanka’s Future May Not Be All That Bleak

By Luke Hunt
A conversation with economist Ganeshan Wignaraja.
Will Sri Lanka’s IMF Gamble Work?

Will Sri Lanka’s IMF Gamble Work?

By Rathindra Kuruwita
Implementing the IMF’s recommendations will be a daunting task for the Rajapaksa government as it will be resisted by the masses, opposition parties, and trade unions.

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