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The International Monetary Fund (IMF) staff and the Sri Lankan authorities have reached a staff-level agreement on the Seventh Review under Sri Lanka’s four-year Extended Fund Facility (EFF) arrangement and concluded discussions under the 2026 Article IV Consultation.
The Central Bank of Sri Lanka (CBSL) has imposed freezing orders under the Finance Business Act, No. 42 of 2011, preventing six companies and their directors from disposing of, transferring or otherwise dealing with their assets and other properties.
The Central Bank of Sri Lanka (CBSL) has imposed freezing orders under the Finance Business Act, No. 42 of 2011, preventing six companies and their directors from disposing of, transferring or otherwise dealing with their assets and other properties.
A meeting was held recently between the Sri Lanka Export Development Board (EDB) and consultants to the European Commission, Paul Baker and Talal Rafi, to exchange views and insights on the potential impact of the EU–India Free Trade Agreement (FTA) on Sri Lanka’s export sectors.
Sri Lanka has been reclassified as an upper-middle-income economy by the World Bank Group in its latest country income classifications released on July 1, 2026, marking a significant milestone in the country's economic recovery.
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies, concluding the combined Fifth and Sixth Reviews under the Extended Fund Facility (EFF) programme.
The World Bank Group has introduced its Country Partnership Framework (CPF) for Sri Lanka for the period 2026–2030, outlining a roadmap to support economic recovery and achieve a 7% growth target.
Sri Lanka has recorded a significant increase in foreign remittances during the first two months of 2026, according to the Central Bank of Sri Lanka.
The Monetary Policy Board, at its meeting held yesterday, decided to maintain the Overnight Policy Rate (OPR) at the current level of 7.75%.
Phase III of the Eastern Container Terminal (ECT) of the Colombo Port officially commenced operations today, marking a major milestone in the government’s programme to strengthen the port as a leading regional shipping hub.
Minister of Foreign Affairs, Overseas Employment and Tourism Vijitha Herath has invited Sri Lankans living around the world to invest in Sri Lanka, citing growing political stability and strengthening economic conditions that have renewed investor confidence.
The United Kingdom has granted a major trade advantage to Sri Lanka’s apparel sector by further liberalising the rules under its Developing Countries Trading Scheme (DCTS), significantly strengthening Sri Lanka’s competitiveness in the UK market.
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