Sri Lanka's President, Ranil Wickremesinghe, has announced his proposal for a loan repayment pause until 2028, aiming to address the country's debt crisis.

Sri Lanka, Its Economy Reeling, Is Approved for $3 Billion Rescue Loan The nation, having weathered negotiations with Japan, India and China, hopes the emergency funds from the International ...

Sri Lanka has a foreign debt of US$35 billion that includes bilateral, multilateral and commercial loans as at June 30. Read more at straitstimes.com. Read more at straitstimes.com.

Overall, Sri Lanka's economy has improved with essential imports such as fuel and food becoming regular, Sabry said. Inflation, which edged above 70% earlier this year, eased to 61% at the end of ...

Sri Lanka has secured its biggest ... The port of Hambantota was handed to a Beijing company on a 99-year lease for $1.12 billion in 2017 after Sri Lanka was unable to repay a huge Chinese loan, ...

COLOMBO, Sri Lanka — It all began 20 years ago, when China loaned Sri Lanka more than $1 billion to build a fancy new port — what would become its second-largest — on its southern coast.

COLOMBO, Sri Lanka — It all began 20 years ago, when China loaned Sri Lanka more than $1 billion to build a fancy new port — what would become its second-largest — on its southern coast. The ...

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 ...

Sri Lanka's President, Ranil Wickremesinghe, has announced his proposal for a loan repayment pause until 2028, aiming to address the country's debt crisis. The plan involves deferring payments for ...