Sri Lanka’s central bank said it will start using a single benchmark interest rate to manage monetary policy, starting from its next update on Wednesday, replacing its current system of two rates.

Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.

Central Bank of Sri Lanka Governor Nandalal Weerasinghe discusses the new benchmark policy rate and an effective rate cut. He ...

IMF Managing Director Kristalina Georgieva says the continued support from international financial institutions and other ...

Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri ...

The global economy is expected to grow at 3.2% and 2.7% in 2024 according to the IMF and UNCTAD, respectively.

Sri Lanka launched a long-awaited bond swap on Tuesday, a major step to completing its $12.55 billion debt restructuring and ...

The Democratic Socialist Republic of Sri Lanka (“Sri Lanka”) is pleased to announce the official launch of the exchange (the ...

Sri Lanka said Tuesday it would honour a deal secured by its predecessor to restructure $12.55 billion in international sovereign bonds, a key condition to maintain an IMF bailout loan.

Sri Lanka's new government has ratified a USD 14.2 billion debt restructuring agreement crucial for maintaining debt ...

The working class needs to prepare both politically and organizationally to confront the Dissanayake government’s attacks on ...