Sri Lanka to unveil debt restructuring plan to creditors Sri Lankan authorities will formally hold talks with international creditors on Friday to start the process of restructuring and share plans to tackle the island's worst economic crisis in more than seven decades.
Sri Lanka: Inflation rate jumps to 70.2% in August
The South Asian nation is facing its worst economic crisis since independence from the UK in 1948.
Sri Lanka to present debt restructuring, IMF bailout plans to creditors
Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday, laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund bailout.
India plans no more funding for Sri Lanka as IMF talks progress - sources
India does not plan to provide fresh financial support to Sri Lanka on top of the nearly $4 billion it has extended this year, two sources told Reuters, as the island's battered economy starts to stabilise after a preliminary loan agreement with the IMF.
Crisis-hit Sri Lanka swears in 37 junior ministers, two for finance
Sri Lanka swore in 37 junior ministers, including two for the critical finance ministry, the president's office said on Thursday, in a major expansion of the crisis-hit country's government.
Lazard in talks with China, India, Japan on Sri Lanka debt
Financial advisory group Lazard has started talks with India, China and Japan on restructuring Sri Lanka's debt, a spokesman for the Sri Lanka government said on Tuesday, as the crisis-hit island nation seeks an International Monetary Fund (IMF) bailout.
Sri Lanka’s ‘white elephant’ Lotus Tower financed with Chinese debt set to open
The 350-metre Lotus Tower built for an estimated US$113 million has been plagued by corruption claims since construction began in 2012 under former president Mahinda Rajapaksa.
U.S. backs Sri Lanka's debt restructuring effort: Yellen
Treasury chief calls for all creditors to cooperate