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 ...

Sri Lanka is in a deep economic and humanitarian crisis. A big contributing factor? Its central bank is running dangerously low on foreign currency reserves. Skyrocketing prices, shortages of ...

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 ...

COLOMBO, Feb 16 (Reuters) - Sri Lanka raised electricity prices by 66% on Thursday, in a move the government hopes will persuade the International Monetary Fund to provide a bailout for its crisis ...

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 ...

Lying off the southern tip of India, the tropical island of Sri Lanka has attracted visitors for centuries with its natural beauty. But it has been scarred by a long and bitter civil war arising ...

COLOMBO, Sept 24 (Reuters) - Sri Lanka will cease building new coal-fired power plants and achieve net-zero carbon emissions by 2050, President Gotabaya Rajapaksa said in an address to the United ...

Prime Minister Modi’s three-day visit to Sri Lanka fostered stronger bilateral ties with President Dissanayake. Seven MoUs were signed in key sectors including defence, energy, and trade.