As the liquidity in the foreign exchange market is improving steadily, the Central Bank said it would fully lift the trading band introduced in last May along with the complete removal of the foreign currency sell-down rule imposed on exporters from next week onwards.

The International Monetary Fund (IMF) has defended the tax reforms which has drawn strong public opposition in Sri Lanka.

FAO, USAID, and the Ministry of Agriculture’s Department of Agriculture are developing a plan of action to increase the paddy productivity of the Dry and Intermediate Zones.

As the economic collapse and political instability have devastated the lives and livelihood of the people of Sri Lanka, the island nation is in dire need of a new development model, the World Bank (WB) said.

Premier Li Keqiang told the head of the International Monetary Fund that China is open to participating in multilateral efforts to help heavily indebted nations “in a constructive manner,” China Central Television reported.

Sri Lankan government will sign the final agreement with IMF on the latter's bailout package for the country next month after which assistance would come from multinational donors and a few countries, two presidential advisors said yesterday.

Sri Lankan rupee appreciated yesterday on improved sentiments over the current and future foreign exchange

The Central Bank of Sri Lanka has called for tenders to renovate roof of its holiday home in Nuwara Eliya.

To support Sri Lanka amid an ongoing economic crisis, the International Finance Corporation (IFC), the investment arm of the World Bank, is providing a cross-currency swap facility to three of Sri Lanka’s leading national banks that deal with over 30 percent of Sri Lanka’s remittances and exports.