Japanese Finance Minister Shunichi Suzuki announced on Tuesday that he will embark on visits to Cambodia and Sri Lanka in January. During these visits, Suzuki aims to address economic challenges and strengthen financial cooperation between Tokyo and the two nations. The finance minister is set to emphasize the critical need to advance debt restructuring efforts…
Ethiopia failed to make an interest payment on Bond making it the latest defaulter in Africa. 11th of December was the deadline for the Horn of Africa country to pay a $33 million coupon with a grace period ending on Monday. Ethiopia now joins a growing list of countries including Zambia, Ghana and Sri Lanka…
Colombo, December 21, 2023: The Sri Lankan government’s commitment to social welfare continues, with over 51.9 billion rupees (approximately 160 million USD) disbursed to 1.4 million needy families under the Aswesuma program in the past six months. State Minister of Finance Shehan Semasinghe announced this significant milestone today, highlighting the ongoing support for vulnerable populations….
Colombo, December 21, 2023 (Daily Reporter): Sri Lanka’s economic horizons are brightening as a much-needed international aid package of $787 million bolsters its foreign exchange reserves and fuels optimism for a sustained recovery. This month alone, the island nation received disbursements of $337 million from the International Monetary Fund (IMF), $200 million from the World…
