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COLOMBO, June 25 (Reuters) - Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P. Nandalal Weerasinghe said on Sunday, as the island navigates its worst financial crisis in decades. ...
Sri Lanka's National Consumer Price Index (NCPI) inflation eased to 22.1% year-on-year in May after a 33.6% rise in April, the statistics department said on Wednesday.
Exclusive-World Bank set to approve $700 million for Sri Lanka next week -sources
The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the crisis-hit island nation since an IMF deal in March. The economy of the country of 22 million is expected to shrink 2% this year before returning to growth next year, the government estimates, following last year's record contraction of 7.8% after foreign exchange reserves hit record lows. The International Monetary Fund approved a bailout of nearly $3 billion in March, which Sri Lan...
COLOMBO, June 19 (Reuters) - The World Bank is likely to approve $700 million in budgetary and welfare support for Sri Lanka at its next board meeting on June 28, sources told Reuters, the biggest funding tranche for the cris...