Por: ABC News World September 27, 2023
COLOMBO, Sri Lanka -- Sri Lanka has so far failed to make enough progress in boosting tax collection and other economic reforms for the International Monetary Fund to release a second tranche of $330 million in the country's $2.9 billion bailout from bankruptcy, the IMF said.An IMF team led by Peter Breuer and Katsiaryna Svirydzenka concluded a visit to the island Tuesday and said in a statement that discussions would continue an agreement... + full article
ABC News USA World July 22, 2023
COLOMBO, Sri Lanka -- Sri Lanka is considering the possibility of allowing the use of the Indian rupee for local transactions, as the island nation struggles to build its depleted foreign reserves and to emerge from last year’s unprecedented economic crisis.Sri Lankan Foreign... + más
China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka | Associated Press
Crisis-hit Sri Lanka may allow Indian rupee to be used in local transactions | ABC News
Associated Press USA Politics June 02, 2023
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka, which declared bankruptcy last year, is showing signs of economic improvement but its recovery still faces challenges, the International Monetary Fund said Friday.The Indian Ocean island nation declared bankruptcy in April... + más
IMF to assess Sri Lankan governance as part of $3B bailout | Associated Press
Associated Press USA Business May 22, 2023
COLOMBO, Sri Lanka (AP) — Chinese petroleum giant Sinopec signed an agreement with Sri Lanka on Monday to enter into the South Asian island country’s retail fuel market as it struggles to resolve a worsening energy crisis amid an unprecedented economic upheaval.The contract... + más
India backs Sri Lanka to secure IMF bailout plan amid crisis | Associated Press
Associated Press USA Business March 21, 2023
COLOMBO, Sri Lanka (AP) — The International Monetary Fund said Monday that its executive board has approved a nearly $3 billion bailout program for Sri Lanka over four years to help salvage the country’s bankrupt economy.About $333 million will be disbursed immediately and... + más
COLOMBO, Sri Lanka (AP) — The International Monetary Fund said Tuesday it is assessing Sri Lanka’s governance in the first case of an Asian country facing scrutiny for corruption as part of a bailout program. The IMF executive board approved a nearly $3 billion bailout plan... + más
IMF is bullish Sri Lanka's crisis-stricken economy will recover as country gets bailout | CNBC
Associated Press USA Politics January 20, 2023
COLOMBO, Sri Lanka (AP) — India’s foreign minister said Friday his country has given financial assurances to the International Monetary Fund to facilitate a bailout plan to help neighboring Sri Lanka emerge from its worst economic crisis, in a first formal announcement from... + más
Sri Lanka rallies with a big win; Netherlands beats Namibia | Associated Press
Sri Lanka's government cuts expenses as economy tanks | Associated Press
About iurex | Privacy Policy | Disclaimer |