The International Monetary Fund has lowered Sri Lanka’s 2025 Net International Reserves projection to $2.16 billion, down from an earlier estimate of $2.73 billion,
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Over 13,000 containers remain congested at the Port of Colombo, despite a high-level meeting held yesterday involving the Ports Minister, Customs officials, Sri Lanka Ports Authority management, and trade stakeholders.
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The International Labour Organisation (ILO) has warned that floods and landslides triggered by Cyclone Ditwah placed around 16% of Sri Lanka’s GDP—valued at nearly $16 billion—at risk,
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India has reaffirmed its commitment to support Sri Lanka’s recovery from Cyclone Ditwah,
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Steps have already been taken to provide financial assistance to industrialists affected by severe weather conditions caused by Cyclone Ditwah, under the first phase of the relief programme,
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China has expressed its readiness to extend all necessary assistance to Sri Lanka and to share its experience under the “Rebuilding Sri Lanka” programme.
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India has announced a USD 450 million financial assistance package to support Sri Lanka’s recovery from Cyclone Ditvah, Indian External Affairs Minister Dr. S. Jaishankar said.
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The International Monetary Fund (IMF) has warned that Cyclone Ditwah could significantly disrupt Sri Lanka’s economic recovery, cutting growth, raising inflation, and widening external financing gaps.
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M.G. Hemachandra has been appointed Chairman of the Urban Development Authority (UDA) at a time when Sri Lanka’s urban planning system faces intense scrutiny following widespread cyclone and flood damage.
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Sri Lanka has secured about US$206 million in rapid financing from the International Monetary Fund under its Rapid Financing Instrument (RFI) following the destruction caused by Cyclone Ditwah.
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