China’s strategic interest in Sri Lanka extends beyond research vessels. Its “Look South” policy aligns with its broader ...

To bridge this gap, borrowing was initiated and continues to this day. The repayment of Sri Lanka's debt is divided into domestic and foreign components. According to the government, borrowing is ...

Sri Lanka will focus on stronger recovery this year after the island nation posted real GDP growth of 5% in 2024, the highest ...

Credit ratings agency Moody's on Monday raised Sri Lanka's long-term foreign currency issuer rating to 'Caa1' from 'Ca' with a stable outlook, after the country's creditors approved a $12.55 billion ...

Sri Lanka during February 20–March 3, 2023 to support the government in designing a Debt Management Reform Plan, with a focus on the reform of the debt management legal and institutional frameworks, ...

Credit ratings agency Moody's on Monday raised Sri Lanka ... foreign currency issuer rating to 'Caa1' from 'Ca' with a stable outlook, after the country's creditors approved a $12.55 billion debt ...

Sri Lanka’s total foreign debt amounts to US$46.9 billion, of which 52 per cent is owed to China, the largest lender. Eager to minimise China’s influence, India has provided Sri Lanka with US$ ...

Sri Lankan Prime Minister Dr. Harini Amarasuriya received Mr. Shohei Hara, Senior Vice President of the Japan International ...

The Presidential Secretariat has issued guidelines for ministries and state institutions to follow when interacting with foreign states, international organisations, and diplomatic missions accredited ...

China accounted for more than half of Sri Lanka's bilateral debt at the time of the 2022 economic crash, when Colombo ran out of foreign exchange to pay for essential imports such as food ...

Sri Lanka defaulted on its foreign debt for the first time in May 2022 due to its high debt burden and dwindling foreign exchange reserves, sparking widespread shortage of food, fuel and medicines.