Main Chinese lenders to Sri Lanka say they have offered the best interest rates to Sri Lanka for their loans and that they do not have any ... He said the bank’s interests rates were very much lower ...

ECONOMYNEXT – Sri Lanka has proposed need for access to lower cost loans for Middle Income countries at the IMF/World Bank Spring Meeting, the island nation’s State Finance Minister Shehan Semasinghe ...

A Russia-India joint venture will operate Sri Lanka’s loss-making Mattala Rajapaksa International Airport in Hambantota, a cabinet statement said, without mentioning the deal value ...

COLOMBO (News 1st): Sri Lanka's Central Bank cut interest rates again on ... This means charging businesses and households lower interest rates on loans.

Sri Lanka's external financial account turned negative in 2023, official data show as bilateral lenders stopped financing the government, multilaterals had to be paid, and banks repaid credit lines ...

However, the suggested interest rates, by both parties, hover around 9 percent, which is significantly higher than the average commercial loan rates of 5 to 6 percent. He said that the proposed terms ...

COLOMBO, Sri Lanka (AP) — Sri Lanka's president said Wednesday that he is seeking a loan repayment moratorium ... from 70 percent to 5.9 percent, and interest rates have fallen to around 10 ...

Low-interest loans needed to repay debt owed to countries other than China can also be expected. While this may seem like a debt snowball for Sri Lanka, it would allow the government to breathe ...

At least two countries have declared bankruptcy due to an inability to repay foreign interest payments, primarily to China.

Sri Lanka’s labour force participation rate hit a new low in 2023, the recently published Labour Force Survey (LFS) annual bulletin highlighted. In 2023, labour force participation rate declined ...