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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
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Sri Lanka Must Achieve Debt Restructuring By September: IMF
The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the nation.
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
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Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
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Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
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India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
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IMF Agreement Pushed Back To September, Says Sri Lanka President: Report
Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, theAssociated Press reported.
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Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
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Sri Lanka Gets Long-Delayed $164 Million Loan Installment From IMF
The International Monetary Fund Tuesday released a long-delayed loan instalment to Sri Lanka, providing financial relief to a government still reeling from the Easter Sunday bombings that claimed 258 lives.
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Sri Lanka Asks IMF To Revive Suspended $1.5-Billion Bailout
Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation's political crisis late last year, the finance ministry said Wednesday.
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Sri Lanka Fails To Reach Agreement To Get Next IMF Bailout Tranche
Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.
-
Sri Lanka Must Achieve Debt Restructuring By September: IMF
The International Monetary Fund on Tuesday reaffirmed that Sri Lanka must achieve its debt restructuring process by September, which is also the time for the global lender's formal review of the bailout facility it extended to the nation.
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
Ahead Of IMF Bailout, Sri Lanka Seeks "10-Year" Time To Repay Debt
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe's office said Monday on the eve of a desperately needed $2.9 billion IMF bailout.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
-
Sri Lanka Hikes Power Prices By 275 Per Cent To Secure IMF Deal
Sri Lanka's electricity board hiked consumer rates by up to 275 percent, officials said Thursday, the second steep increase in months as the bankrupt island nation works to secure an IMF bailout.
-
India Firmly Backs Sri Lanka's Bid To Secure IMF Bailout Package
S Jaishankar announced that India has given the required assurances to debt-ridden Sri Lanka for the much-needed IMF bailout package, becoming the first major lender to publicly back the island nation's efforts.
-
IMF Agreement Pushed Back To September, Says Sri Lanka President: Report
Sri Lankan President Ranil Wickremesinghe said on Saturday that an agreement with the International Monetary Fund has been pushed back to September due to the unrest over the past weeks, theAssociated Press reported.
-
Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
-
Sri Lanka Gets Long-Delayed $164 Million Loan Installment From IMF
The International Monetary Fund Tuesday released a long-delayed loan instalment to Sri Lanka, providing financial relief to a government still reeling from the Easter Sunday bombings that claimed 258 lives.
-
Sri Lanka Asks IMF To Revive Suspended $1.5-Billion Bailout
Sri Lanka has appealed to the International Monetary Fund to revive a $1.5-billion bailout suspended during the island nation's political crisis late last year, the finance ministry said Wednesday.
