Minister Sunil Handunneththi drew an analogy between debt collection and personal relationships, stating that banks often forget the past contributionsContinue Reading
The Government of Sri Lanka borrowed over Rs. 700 billion from the domestic market, such as treasury bills, to sustainContinue Reading
Deputy Minister of Finance and Planning, Harshana Suriyapperuma says national carrier, SriLankan Airlines is facing a large debt due toContinue Reading
Sri Lanka is set to acquire a new software to manage its debt, following a proposal tabled by President AnuraContinue Reading
Sri Lanka will wrap up talks with international bondholders on restructuring $12.5 billion in debt within a few weeks, ForeignContinue Reading
Pakistan’s total debt has surged to a new peak, hitting PKR 67.816 trillion as of May 2024, according to aContinue Reading
A grace period until 2028 for principal loan repayment Substantial reduction in interest rates Extension of the loan repayment periodContinue Reading
President Ranil Wickremesinghe delivered a special statement to the nation today, highlighting Sri Lanka’s success in reaching final agreements toContinue Reading
Sri Lanka reached a final restructuring agreement for US$ 5.8 billion of debt with its bilateral lenders’ Official Creditor CommitteeContinue Reading
The relevant agreements on debt restructuring with the Paris Club and other stakeholders will be signed on Wednesday (June 26),Continue Reading
President Ranil Wickremesinghe has expressed hope to reach an agreement with creditor nations in the next few weeks, it wasContinue Reading
The Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments betweenContinue Reading
Sri Lanka is eyeing nearly US$5 billion in foreign funds after debt restructuring, it was reported. According to Reuters, ForeignContinue Reading
Opposition MP Harsha de Silva has slammed the debt-related policies of the National Peoples’ Power (NPP) led by MP AnuraContinue Reading
The existing national debt stands at approximately US$ 36 billion, with only 37% of this debt slated for payment withinContinue Reading
A closed-door event titled ‘Sri Lanka: Pathways to Debt Sustainability & Governance Reform’ will be held today (13 October) alongsideContinue Reading
China’s Export-Import Bank has reached a preliminary agreement with Sri Lanka on resolving China-related debt, as per a report byContinue Reading
India has been greatly sensitive to the needs of its valued neighbour, Sri Lanka, during their tough times, Indian PrimeContinue Reading