By Uditha Jayasinghe COLOMBO – A Sri Lanka government-appointed committee on Monday said the crisis-hit country’s central bank and finance ministry must form a team to seek urgent international financial …
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COLOMBO – Sri Lanka’s Finance Minister Basil Rajapaksa signed a $1 billion credit line with India on Thursday to help ease crippling shortages of essential items, including fuel, food and …
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Financial News
Sri Lanka finance minister meets top IMF official amid economic crisis
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO – Sri Lanka’s finance minister held talks with a top International Monetary Fund (IMF) official on Monday, two sources said, as the island nation seeks help …
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Financial News
Top IMF official to visit Sri Lanka this week to brief about economy’s state
by Reutersby ReutersBy Uditha Jayasinghe COLOMBO – A senior International Monetary Fund (IMF) official will be visiting Sri Lanka on Monday and Tuesday to brief President Gotabaya Rajapaksa on the fund’s assessment …
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By Uditha Jayasinghe COLOMBO – Sri Lanka’s central bank on Monday set an exchange rate limit of 230 rupees to the dollar, effectively allowing a currency depreciation it hopes will …
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Financial News
Sri Lanka central bank hikes rates to tame inflation; urges govt to act
by Reutersby ReutersBy Uditha Jayasinghe and Swati Bhat COLOMBO – Sri Lanka’s central bank sharply raised interest rates on Friday to staunch growing inflationary pressures and urged the government to consider measures …
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By Uditha Jayasinghe COLOMBO – Indika Prasanna Kumara ventures out every afternoon to try to find 200 litres of diesel for the Broadway Kids apparel factory in Sri Lanka so …
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Financial News
Fertiliser ban decimates Sri Lankan crops as government popularity ebbs
by Reutersby ReutersBy Uditha Jayasinghe and Devjyot Ghoshal AGBOPURA, Sri Lanka – W.M. Seneviratne sat watching a mechanised harvester slice through the jade green fields around him in eastern Sri Lanka’s Agbopura …
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