Page 31 - Uditha Jayasinghe News Today : Breaking News, Live Updates & Top Stories | Vimarsana

COLOMBO (Reuters) -Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March. The island nation of 22 million is emerging out of its worst economic crisis in seven decades and its economy is expected to shrink 2% this year before returning to growth next year, following last year's record contraction of 7.8%. Reuters reported last week that the World Bank is likely to approve $700 million in budgetary a...

Sri Lanka has scrapped plans to export 100,000 endangered toque macaque monkeys to China, the Wildlife and Nature Protection Society of Sri Lanka, one of the 30 petitioners who went to court against the proposal, said on Monday.

COLOMBO (Reuters) - Sri Lanka anticipates restructuring $17 billion out of a total $41.5 billion of foreign debts within a five-year term, its ...

By Uditha Jayasinghe COLOMBO (Reuters) - Sri Lanka lifted import restrictions on 286 items, the Finance Ministry said on Saturday, a fresh sign the South

Sri Lanka will announce a reworking of its domestic debt later this week to meet targets set by the International Monetary Fund (IMF) and aim to turn around its economy, which has been hammered by a financial crisis.