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World  /  Published 07.08.22

Lanka’s woes to last a year: Ranil

President Ranil Wickremesinghe has said that Sri Lanka’s economic woes will last another year and it will have to think outside the box and look at new sectors like logistics and nuclear energy ...
By PTI in Colombo

World  /  Published 31.07.22

Sri Lanka’s inflation surges

Sri Lanka’s inflation surged to 60.8 per cent in July, up from 54.6 per cent in June, the crisis-hit country’s statistics department said on Saturday, as food and fuel remained scarce amid...
By PTI in Colombo

World  /  Published 30.07.22

Lanka crisis: Discussions resume with IMF

Sri Lanka said bailout discussions with the International Monetary Fund (IMF) had resumed Friday after the World Bank said it would not be able to offer the country fresh funding without "deep st...
By Deutsche Welle

World  /  Published 28.07.22

IMF to Lanka: Begin talks on debt restructuring

Cash-strapped Sri Lanka must begin debt restructuring talks with its creditors, including China before it can hope of getting the bailout package sanctioned from the IMF, the Washington-based lender h...
By Our Bureau, PTI in Colombo

Business  /  Published 27.07.22

IMF trims growth forecast to 7.4%

The InternationalMonetary Fund has cut the growth forecast for India in the current financial year by80 basis points to 7.4 per cent. In its July Update of its World Economic Outlook, the IMF said it...
By Our Bureau in Mumbai

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Business  /  Published 26.07.22

IMF cuts India's growth rate for fiscal year 2022

The IMF on Tuesday cut India's growth rate by 0.8 percentage point to 7.4 per cent for fiscal year 2022, reflecting "mainly less favourable external conditions and more rapid policy tightenin...
By Our Bureau, PTI in New York

World  /  Published 26.07.22

International Monetary Fund warns of inflation

In an update to its global growth forecast Tuesday, the International Monetary Fund (IMF) warned of risks to the global economy, which if left unchecked, could push the world into a recession. High i...
By Deutsche Welle

Opinion  /  Published 21.07.22

IMF warning about Sri Lanka-like crisis

A country’s debt balloons. Its foreign exchange reserves dwindle. An economic crisis ensues, quickly spiraling into political and social tensions. This is the story of Sri Lanka. But the Interna...
By The Editorial Board

World  /  Published 12.07.22

Scarcity deepens desperation

The woman stood in line for more than 14 hours for a passport, desperate to escape the economic crisis engulfing Sri Lanka. Selwi Thangawelu, a Sri Lankan housewife, has secured a job as a housekeeper...
By Emily Schmall in Colombo

World  /  Published 10.07.22

IMF monitoring situation in Lanka

The IMF on Sunday said that it was closely monitoring the ongoing developments in Sri Lanka and hoped that the political crisis will be resolved soon to allow for the resumption of dialogue on an IMF-...
By Our Bureau, PTI in Colombo


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