Por: Associated Press Business May 15, 2023
COLOMBO, Sri Lanka (AP) — Sri Lanka’s crisis-hit economy is expected to resume growing in 2024 after contracting 3% this year, an International Monetary Fund official said Monday.Krishna Srinivasan, the IMF’s director for Asia and Pacific, said expected economic growth of 1.5% next year hinges critically on the economic reform program Sri Lanka has agreed to undertake, including challenging reforms in five identified areas.“It is now... + full article
ABC News USA Business July 29, 2023
COLOMBO, Sri Lanka -- Japan's Foreign Minister Yoshimasa Hayashi said Saturday that Sri Lanka is a key partner in a Tokyo-led initiative aimed at building security and economic cooperation around the Indo-Pacific but also at countering an increasingly assertive . Sri Lanka,... + más
China's Sinopec signs agreement to enter retail fuel market in crisis-hit Sri Lanka | Associated Press
IMF to assess Sri Lankan governance as part of $3B bailout | Associated Press
ABC News USA World July 29, 2023
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
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
CNBC USA Business March 21, 2023
A man waves Sri Lanka's national flag after climbing a tower near presidential secretariat in Colombo on July 11, 2022, after it was overrun by anti-government protestors. (Photo by ARUN SANKAR/AFP via Getty Images)Arun Sankar Afp Getty ImagesThe International Monetary Fund... + más
Associated Press USA Business March 21, 2023
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
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