Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further ...

Context Globally retail tourism represents about 6%1 of travel and tourism’s direct contribution to world GDP. According to ...

WASHINGTON, April 14 (Reuters) - A committee of Sri Lanka's international private creditors sent its first debt rework proposal to the country's authorities regarding more than $12 billion in bonds ...

COLOMBO (Reuters) - Sri Lanka will consult with the International Monetary Fund (IMF) to assess if the latest proposals discussed with bondholders were within the parameters of its bailout programme, ...

Sri Lanka’s economic collapse is often analysed through the lenses of debt, deficits and political misjudgement. These ...

LONDON, Oct 12 (Reuters) - Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of ...

COLOMBO, April 16 (Reuters) - Sri Lanka on Tuesday rejected international bondholders' proposal to restructure more than $12 billion in debt, putting at risk critical International Monetary Fund ...

COLOMBO (Reuters) - Sri Lanka is considering a proposal by a Chinese private company to export 100,000 endemic monkeys to China, a government minister said on Tuesday, sparking protests from animal ...

LONDON and NEW YORK, Oct. 18, 2023 /PRNewswire/ -- The Ad Hoc Group of Bondholders (the "Group") of the Republic of Sri Lanka ("Sri Lanka") has taken note of the progress Sri Lanka has made with its ...

Sri Lanka’s official creditors will submit a debt restructuring proposal “very soon,” according to a person with knowledge of the matter. The creditor committee, co-led by India, Japan and France, has ...

The Cabinet of Ministers has granted approval for a proposal to sign a Memorandum of Understanding (MoU) between Sri Lanka ...