ADB doubles its assistance to Sri Lanka to USD1bn
Asian Development Bank (ADB) has doubled its multi-sectoral assistance to Sri Lanka as a result of the merger of its two main windows of financing, the Finance Ministry said. Plans are afoot to mobilize around 800 to 1000 million US dollars annually from this year, the ministry said…
IMF, WB praise country’s economic performance – Minister Karunanayake
The current economic performance of Sri Lanka was given a special praise during the ongoing biannual summit of the International Monetary Fund and World Bank at Washington DC, said Finance Minister Ravi Karunanayake. The minister points out that he started separate discussions with heads of the IMF and…
Sri Lanka finance minister pledges fiscal discipline
After a warning from the International Monetary Fund about its thin foreign-currency reserves, the Sri Lankan government has pledged its commitment to strong fiscal discipline in line with conditions stipulated for a bailout by the Washington-based organization. “We should have a national vision to address burning issues in…
Asian Sun is the news arm of Sun Media Service, Sri Lanka. 
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