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April 11, 2023
WASHINGTON/COLOMBO (Reuters) - Sri Lanka's sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday. The island nation aims to formally engage in debt negotiations with overseas creditors that include China, India and the Paris Club group of nations in May, after concl...
April 11, 2023
By Jorgelina do Rosario and Uditha Jayasinghe WASHINGTON/COLOMBO (Reuters) - Sri Lankas sovereign lenders have yet to inform the government how they ...
April 11, 2023
By Uditha Jayasinghe PAMUNUWA (Reuters) - Fortune teller Andara Maanage Chandani, who runs a small shrine at her home near Colombo, says she used to m...
April 11, 2023
By Uditha Jayasinghe PAMUNUWA (Reuters) -Fortune teller Andara Maanage Chandani, who runs a small shrine at her home near Colombo, says she used to make ...
April 11, 2023
Sri Lanka's sovereign lenders have yet to inform the government how they will engage with the country to restructure its $7.1 billion of debt and whether they will form an official committee or engage in bilateral talks, the central bank governor told Reuters in an interview on Tuesday. The island nation aims to formally engage in debt negotiations with overseas creditors that include China, India and the Paris Club group of nations in May, after concluding a debt rework with holders of its...
April 4, 2023
COLOMBO (Reuters) - Sri Lanka's central bank kept its interest rates unchanged on Tuesday in the face of stubbornly high inflation, in its first policy decision since securing a $3 billion bailout from the International Monetary Fund (IMF). | 07:49am
March 31, 2023
COLOMBO (Reuters) - Sri Lanka's central bank is expected to keep interest rates unchanged at a policy meeting next week, a month after a 100 basis points increase ahead of a bailout package from the International Monetary Fund (IMF). | 04:04am
March 31, 2023
COLOMBO (Reuters) - Sri Lanka's key inflation rate eased to 50.3% in March from 50.6% in February, the statistics department said on Friday. The Colombo Consumer Price Index (CCPI) reflected a reduction in food inflation to 47.6% in March from 54.4% in February, but non-food inflation reached 51.7%, the Census and Statistics Department said in a statement. Sri Lanka has been struggling with soaring prices for over a year, largely caused by its worst financial crisis since it g...
March 31, 2023
Sri Lanka's central bank is expected to keep interest rates unchanged at a policy meeting next week, a month after a 100 basis points increase ahead of a bailout package from the International Monetary Fund (IMF).
March 31, 2023
Sri Lanka's key inflation rate eased to 50.3% in March from 50.6% in February, the statistics department said on Friday.