Page 10 - Uditha Jayasinghe News Today

Sri Lanka and the International Monetary Fund (IMF) have reached an agreement on the first review of its extended fund facility arrangement, unlocking approximately $330 million for the country. Sri Lanka has been negotiating with creditors including China, Japan, and India since last September, alongside a $2.9 billion IMF bailout. The agreement is subject to approval by the IMFs management and executive board.

NEW DELHI (Reuters) -The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday. Sri Lanka plunged into its worst financial crisis in seven decades last year after its foreign exchange reserves dwindled to record lows, but since locking down a $2.9 billion IMF programme in March it has managed to partly stabilise its...

Sri Lanka and the International Monetary Fund on Thursday reached an agreement on a first review of its extended fund facility arrangement, the first step in releasing about $330 million dollars for... -October 19, 2023 at 03:40 pm EDT - MarketScreener

South Asia News: Sri Lankan President Ranil Wickremesinghe will visit China next week to discuss debt restructuring talks with the country's biggest lender. Wickremesi

Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told... -October 13, 2023 at 03:41 am EDT - MarketScreener

Sri Lankan President Ranil Wickremesinghe will visit China next week as the crisis-hit country makes progress on debt restructuring talks with its biggest lender, a source in his office told Reuters on Friday. Wickremesinghe took office in July last year, after a popular uprising, brought on by an economic meltdown, had forced his predecessor out of power. Wickremesinghe, who is also finance minister, has been leading Sri Lanka's push to manage its heavy debt and keep funds flowing from a...

Sri Lanka has reached an agreement with the Export-Import Bank of China to cover about $4.2 billion of the island nations outstanding debt, its finance ministry said in a statement on Thursday. ... -October 12, 2023 at 01:26 am EDT - MarketScreener

By Uditha Jayasinghe, Jorgelina do Rosario and Leika Kihara COLOMBO/MARRAKECH (Reuters) - Sri Lanka said on Thursday it reached an agreement with the

BEIJING -The Export-Import Bank of China reached a preliminary agreement with Sri Lanka last month on the disposal of China-related debts, Chinas Foreign Ministry announced on Tuesday, as the island... -October 10, 2023 at 07:10 am EDT - MarketScreener

COLOMBO (Reuters) -Sri Lanka's central bank resumed interest rate cuts on Thursday to boost growth and as the government seeks to lift revenue and repair its balance sheets in a bid to secure continued financial support from the International Monetary Fund. The Central Bank of Sri Lanka (CBSL) lowered the standing deposit facility rate and the standing lending facility rate by 100 basis points each to 10% and 11%, respectively, it said in a statement. "The Board arrived at this decis...