Sri Lanka’s import cover of usable external reserves has fallen into a deeply scarier level of just three days, even after the country suspended foreign currency obligations earlier this month.

World Bank Country Representative Chiyo Kanda yesterday said the World Bank has agreed to provide US$ 600 million as a solution to the current economic crisis, of which US$ 400 million will be provided expeditiously in the first phase.

During the 2022 IMF and World Bank Spring Meetings in Washington, D.C., IMF Managing Director Kristalina Georgieva and other senior members of IMF management met with a Sri Lankan delegation, led by Finance Minister Ali Sabry and Central Ban...

Finance Minister Ali Sabry would make a statement in Parliament explaining the Road Map to recover from the present crisis, once he returns from Washington after concluding discussions with the International Monetary Fund (IMF), Leader of the House Dinesh Gunawardena...