Sri Lanka Economy News - Latest Updates & Headlines
Tremendous uplift in Sri Lankan economy: Ircon Chairperson on India-backed railway projects
Anuradhapura, April 6: India's assistance to Sri Lanka's railway development is expected to boost the country's economy significantly. The upgraded railway track from Maho to Omanthai, spanning 128 kilometers, will allow for faster travel times, increased load capacity and improved safety.
Sri Lanka gets fourth tranche of bailout package from IMF for economic recovery
Colombo, March 1: The executive board of the International Monetary Fund (IMF) has announced that it has completed the Third Review under the 48-month Extended Fund Facility (EFF) with Sri Lanka, providing the island nation with an immediate access to Special Drawing Rights (SDR) of SDR 254 million (about US $334 million) to support its recovery from the 2022 bankruptcy.
The Financial Bridge: How Short-Term Online Loans Support Everyday Needs in Sri Lanka
Colombo, Jan 24: In the fast-track world of today, one finds it very tough to maintain financial stability. For developing economies such as Sri Lanka, an increased living standard with rare economic recessions has, however, given rise to unexpected expenses or cash shortages for most of them.