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Sri Lanka debt

What’s in the IMF’s New Extended Fund Facility Arrangement for Sri Lanka? 
March 25, 2023

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
March 07, 2023

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
February 15, 2023

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
February 08, 2023

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
October 07, 2022

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
September 01, 2022

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
September 01, 2022

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
July 20, 2022

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?
April 27, 2022

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.

Sri Lanka Halts Debt Repayment Pending IMF Bailout Plan
April 12, 2022

Sri Lanka Halts Debt Repayment Pending IMF Bailout Plan

By Krishan Francis
Sri Lankans for the past months have been enduring shortages of fuel, food, and other essentials and daily power outages.

China, India, and Sri Lanka’s Unprecedented Economic Crisis
March 05, 2022

China, India, and Sri Lanka’s Unprecedented Economic Crisis

By Umesh Moramudali
Can China and India help Sri Lanka to avoid a sovereign default?
Higher Oil Prices Push Sri Lanka Into Deeper Economic Crisis
March 03, 2022

Higher Oil Prices Push Sri Lanka Into Deeper Economic Crisis

By Krishan Francis
The dire foreign exchange crisis has worsened with the crisis in eastern Europe. Russia and Ukraine are important markets for Sri Lankan tea and tourism.

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