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IMF Reaches Staff-Level Agreement on the Second Review of Sri Lanka's Extended Fund Facility

Sri Lanka, March 21 -- IMF staff and the Sri Lankan authorities have reached staff-level agreement on economic policies to conclude the second review of the 4-year EFF-supported program and the 2024 A... Read More


Microsoft joins hands with Sri Lanka in its journey to becoming unstoppable with AI

Sri Lanka, March 21 -- In a bid to strengthen commitment and partnership towards the South Asia region, Puneet Chandok, the President of Microsoft India and South Asia, made his inaugural visit to Sri... Read More


Fitch affirms Sri Lanka's Dialog Axiata at 'AAA(lka)'; Outlook stable

Sri Lanka, March 21 -- Fitch Ratings has affirmed Sri Lanka-based telecom company Dialog Axiata PLC's National Long-Term Rating at 'AAA(lka) with a Stable Outlook. This reflects our view that Dialog ... Read More


Opinion: Tax-payers receive bill for SriLankan's colossal losses: Advocata

Sri Lanka, March 20 -- The Minister of Aviation, Nimal Siripala de Silva, recently announced that the Government would take over 210 million in dollar loans and 41.4 billion in rupee loans borrowed by... Read More


Powering the future: Innovations driving electric vehicle revolution

Sri Lanka, March 20 -- New Energy Vehicles (NEV) are no longer a futuristic vision; they're rapidly transforming the automotive landscape. This shift wouldn't be possible without ground-breaking innov... Read More


First LNG powered vessel calls at Hambantota International Port

Sri Lanka, March 17 -- The first LNG battery hybrid powered RORO vessel berthed at the Hambantota International Port (HIP) for the discharge of construction machinery and equipment (high and heavy veh... Read More


Ceylon Chamber calls for collaborative solutions on debt recovery framework

Sri Lanka, March 14 -- The Ceylon Chamber of Commerce is deeply concerned about the decision by the Cabinet of Ministers to temporarily suspend the parate execution law. While we understand that cert... Read More


World Growth Outlook Improves, but Inflation Is Showing Persistence: Fitch Ratings

Sri Lanka, March 14 -- Near-term world growth prospects have improved and Fitch Ratings has raised its 2024 global GDP growth forecast by 0.3pp to 2.4% in its latest Global Economic Outlook (GEO) publ... Read More


Selection Process for New IMF Managing Director Begins

Sri Lanka, March 14 -- The Executive Board of the International Monetary Fund (IMF) has initiated the selection process for its next Managing Director. The announcement was made by the Board Coordinat... Read More


IMF Called Upon by Human Rights Watch to Intervene in Sri Lanka's Proposed NGO Law

Sri Lanka, March 13 -- Human Rights Watch (HRW) has called on the International Monetary Fund (IMF) to urge the Sri Lankan government to abandon draft legislation that could severely limit civil socie... Read More