Sri Lanka eases monetary policy, sets new single benchmark rate
Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, easing monetary settings below previously used benchmarks, in an effort to shore up the island nation’s fragile recovery from a deep financial crisis.
CBSL signals fresh monetary policy easing with historic Overnight Policy Rate
The Central Bank of Sri Lanka (CBSL) yesterday signalled fresh monetary policy easing with the landmark introduction of the Overnight Policy Rate (OPR). ..
Sri Lanka Cuts Lending Rates After Debt Deal
Sri Lanka's central bank cut its benchmark interest rate Wednesday, after the government agreed to a debt restructure deal with international bond holders.
Sri Lanka's Strategic Debt Restructuring: A New Chapter in Economic Stability
Sri Lanka's new government has ratified a USD 14.2 billion debt restructuring agreement crucial for maintaining debt sustainability, approved by the IMF. This decision, supported by President Anura Kumara Dissanayake,
Sri Lanka Streamlines Monetary Policy to Single Benchmark Rate
Sri Lanka’s central bank said it will start using a single benchmark interest rate to manage monetary policy, starting from its next update on Wednesday, replacing its current system of two rates.
Sri Lanka eases monetary policy, sets new single key rate
Sri Lanka's central bank set a new single policy rate of 8% on Wednesday, aiming to catalyse the island nation’s nascent recovery from a deep financial crisis. Sri Lanka's central bank (CBSL) said late on Tuesday that it will implement a single policy interest rate mechanism by introducing an overnight policy rate instead of the existing rate corridor.
Sri Lanka Central Bank Governor on new policy rate
Central Bank of Sri Lanka Governor Nandalal Weerasinghe discusses the new benchmark policy rate and an effective rate cut. He discusses the progress of the IMF loan program which has helped stabilize the Sri Lankan economy.
Sri Lankan government agrees with IMF to implement savage austerity measures
The working class needs to prepare both politically and organizationally to confront the Dissanayake government’s attacks on ...
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Collective effort key for supporting Sri Lanka’s success in debt restructuring: IMF chief
In an effort to capitalise on the momentum of the rapid progress in debt restructuring, collective effort is key for supporting Sri Lanka’s success in this area, the International Monetary Fund (IMF) ...
International Monetary Fund1d
IMF Managing Director Kristalina Georgieva Statement to the Financial Community on Sri Lanka
Washington, DC: Kristalina Georgieva, Managing Director of the International Monetary Fund (IMF), issued the following statement about Sri Lanka to Members of the Financial Community today: ...
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Sri Lanka’s Cabinet approves restructuring of international sovereign bonds
The Cabinet of Ministers has approved the proposal for the restructuring of international sovereign bonds by way of swapping ...
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Sri Lanka's Financial Renaissance: IMF's Strategic Support and Challenges Ahead
The International Monetary Fund's latest review of Sri Lanka's $2.9 billion bailout highlights both emerging recovery signs ...
Sri Lanka's New Leader Sticks Within IMF 'Guardrails'
Sri Lanka's new leftist government has agreed to press ahead with a controversial IMF bailout programme that involves tough austerity and economic reforms, the international lender announced Saturday.