Sri Lanka committed to repaying debt within 2027-2042 schedule

President Ranil Wickremesinghe declared on Wednesday that Sri Lanka remains steadfast in its commitment to repaying its debt within the designated 2027-2042 schedule. He emphasized that successful debt restructuring negotiations are anticipated to reduce annual external debt payments to 4% of the country`s GDP.

Lawmakers in Sri Lanka are poised to vote on a social media regulation bill, drawing criticism from opposition figures and activists who argue that it could stifle free speech.

Sri Lankan President Ranil Wickremesinghe commended the electoral success of the Bangladesh Awami League, citing it as a clear demonstration of the Bangladeshi people`s trust and confidence in Prime Minister Sheikh Hasina`s capable leadership.

Sri Lanka has introduced a new 18 percent value added tax (VAT) on fuel, mobile phones, and computers starting from Monday. 

Sri Lanka`s economy has shown signs of growth in the September quarter, marking a significant turnaround since the nation faced a debt default due to a foreign exchange shortage last year, as stated by the country`s central bank on Saturday.

Sri Lanka has been informed that a debt-restructuring agreement with creditor nations has been reached but the official confirmation letter from the creditor committee is yet to arrive.

In a significant move aimed at combating the ongoing economic crisis, Sri Lanka`s Parliament has granted approval to a crucial anti-corruption legislation on Wednesday.

Sri Lanka`s parliament approved a domestic debt restructuring plan on Saturday that is crucial to continue a 2.9 billion US dollar bailout from the International Monetary Fund (IMF).

Sri Lanka has received the first tranche of its bailout package from the International Monetary Fund (IMF), President Ranil Wickremesinghe told parliament. 

Sri Lanka is on the verge of getting `very positive news` from the International Monetary Fund (IMF) on a 2.9 billion dollar programme, a government minister said on Tuesday. 

Sri Lanka raised power prices by 66 percent on Thursday, in a move the government hopes will persuade the International Monetary Fund (IMF) to provide a bailout for its crisis stricken economy. 

Sri Lanka`s economy is likely to grow again from the end of this year and the government wants the country to exit bankruptcy by 2026, President Ranil Wickremesinghe told parliament on Wednesday. 

The Export-Import Bank of China has offered Sri Lanka a two-year moratorium on its debt and said it will support the country`s efforts to secure a $2.9 billion loan from the International Monetary Fund, according to a letter reviewed by Reuters.

The executive board of the International Monetary Fund (IMF) is not expected to formally approve Sri Lanka`s 2.9 billion US dollar bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said. 

Sri Lanka s deposed President Gotabaya Rajapaksa has returned home weeks after fleeing the crisis-hit country_ officials said. The 73-year-old former President landed in the capital_ Colombo_ on a Singapore Airlines flight from Thailand in the early hours of Saturday_ local media reports said.

Sri Lankan President Ranil Wickremesinghe said on Saturday that an deal with the International Monetary Fund (IMF) has been pushed back to September due to the unrest over the past weeks_ the Associated Press reported. President Wickremesinghe_ in his first speech since he was elected by parliament_ said even