Por: ABC News World June 01, 2023
COLOMBO, Sri Lanka -- The Central Bank of Sri Lanka reduced its interest rates Thursday for the first time since the island nation declared bankruptcy, after stern fiscal controls, improved foreign currency income and help from an International Monetary Fund program resulted in inflation slowing faster than expected. The Central Bank said in a statement that the lending and deposit interest rates were reduced by 250 basis points to 14% and 13%.... + full article
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
IMF to assess Sri Lankan governance as part of $3B bailout | Associated Press
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
ABC News USA Business February 15, 2023
BEIJING -- China expressed support for Sri Lanka ahead of a meeting Friday of government lenders to poor economies but did not say if it might help to cut multibillion-dollar debts that have plunged the Indian Ocean island nation into financial and political turmoil.Beijing is... + más
China expresses support for Sri Lanka ahead of debt meeting | ABC News
ABC News USA Business January 25, 2023
COLOMBO, Sri Lanka -- Debt-stricken Sri Lanka’s Central Bank chief said Wednesday that the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary Fund... + más
Sri Lanka says debt-restructuring talks making progress | Associated Press
Associated Press USA Business January 25, 2023
COLOMBO, Sri Lanka (AP) — Debt-stricken Sri Lanka’s Central Bank chief said Wednesday that the country is making good progress in talks with its creditors to obtain financial assurances for debt restructuring, an important step toward finalizing an International Monetary... + más
Sri Lanka says debt-restructuring talks making progress | ABC News
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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