Sri Lanka is paying some foreign debts with tea, rather than cash. But an abrupt ban on chemical fertilizers has hurt crop yields and tea pickers are losing hours and wages as food prices double.

Opening Remarks by the IMF First Deputy Managing Director Gita Gopinath at the Conference on “Sri Lanka’s Road to Recovery: Debt and Governance” Shangri-La Hotel Colombo ...

The International Monetary Fund is lending Sri Lanka $3bn (£2.4bn) to help it deal with its worst economic crisis in its history as an independent nation. Soaring prices, shortages of essential ...

In a move to modernize Sri Lanka's public transportation system, the Cabinet has approved a pilot project to introduce 100 ...

By Mujib Mashal and Skandha Gunasekara Reporting from Ibbagamuwa, in Sri Lanka’s North Western Province, and Colombo, the capital. On the surface, calm has returned to Sri Lanka since the South ...

For sri lanka’s politicians September 27th was meant to be the light at the end of the tunnel. After more than a year of economic free fall—in which the former president fled protests ...

COLOMBO/MARRAKECH, Oct 12 (Reuters) - Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while talks with ...

This March marks the mid-point of Sri Lanka’s four-year economic reform program supported by the International Monetary Fund (IMF). In the two years since its inception difficult but much needed ...

Gotabaya Rajapaksa has fled Sri Lanka ahead of his expected resignation as president President Gotabaya Rajapaksa has fled Sri Lanka on a military jet, amid mass protests over the island's ...