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The cabinet enters office just in time to host a fresh visit from the IMF, expected later this month. Despite another landslide victory in parliamentary elections on April 24…
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DOI: 10.1108/OXAN-DB212885
ISSN: 2633-304X
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The Election Commission of Sri Lanka (ECSL) confirmed on February 24 that the polls would not be held on March 9 as planned. A day earlier, President Ranil Wickremesinghe claimed…
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DOI: 10.1108/OXAN-DB276375
ISSN: 2633-304X
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The new government sworn in on August 11.
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DOI: 10.1108/OXAN-DB213263
ISSN: 2633-304X
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Separately, the IMF’s Executive Board on March 20 approved a four-year, roughly USD3bn Extended Fund Facility for the country. The approval came around ten months after Sri Lanka…
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DOI: 10.1108/OXAN-DB278564
ISSN: 2633-304X
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President Ranil Wickremesinghe, who promised to deliver the amendment, assumed office in July amid a wave of protests that forced his predecessor Gotabaya Rajapaksa to resign. As…
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DOI: 10.1108/OXAN-DB273767
ISSN: 2633-304X
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Laos’s critically low foreign exchange (forex) reserves, significant currency depreciation and high inflation are prompting many external observers to suggest that it could soon…
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DOI: 10.1108/OXAN-DB272363
ISSN: 2633-304X
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Sri Lanka must attend to debt restructuring as part of its four-year, USD3bn bailout programme with the Fund. The Fund’s Executive Board approved the bailout in March, roughly ten…
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DOI: 10.1108/OXAN-DB279489
ISSN: 2633-304X
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Securing debt restructuring agreements is a key condition of the four-year, USD3bn Extended Fund Facility (EFF) programme which the IMF’s Executive Board approved in March…
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DOI: 10.1108/OXAN-DB280445
ISSN: 2633-304X
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The decision applies to Ghana’s Eurobonds, commercial term loans and most of its bilateral debt. It does not apply to multilateral debt. The government, which reached a…
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DOI: 10.1108/OXAN-DB274952
ISSN: 2633-304X
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At least part of the support would be from the Fund’s new Resilience and Sustainability Trust (RST). Several media reports have described Dhaka’s move as a request for a bailout…