The UNDP has called for urgent concessional financing for Sri Lanka, warning that the country cannot take on additional debt to recover from Cyclone Ditwah,
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Sri Lanka’s external debt stock rose to USD 37.24 billion by end-September 2025, according to the Public Debt Management Office. Although the country remains unable to access global capital markets,
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Sri Lanka’s Inland Revenue Department is under rising pressure to meet its revised 2025 tax revenue target of Rs. 4,725 billion, amid major disruptions caused by the recent cyclone and the slowdown in vehicle imports.
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The European Union (EU) has allocated €1.8 million in emergency assistance to support Sri Lanka’s communities affected by recent devastating floods and landslides.
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Sri Lanka is projected to miss its 2025 export revenue target by about US$ 1 billion, owing largely to widespread domestic disasters and downturns in global demand.
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Central Bank of Sri Lanka (CBSL) Governor Dr. Nandalal Weerasinghe has warned that Sri Lanka cannot afford to forget the reform agenda that underpins the country’s stabilisation, even as post-Ditwah reconstruction demands immediate Government attention.
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Sri Lanka will launch a Rs. 80 billion loan programme for new entrepreneurs in January, even as more than 92,000 MSMEs have been hit by the recent cyclone, raising questions about economic priorities.
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Sri Lanka is nearing a final decision on the long-delayed Sinopec oil refinery project, with the Government expecting an official response from the Chinese energy giant within days, BOI Chairman Arjuna Herath said.
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Sri Lanka appears set to fall short of its ambitious 2025 export revenue target of US$ 18.2 billion, missing by nearly US$ 1 billion.
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Sri Lanka is projected to miss its 2025 export revenue target by about US$ 1 billion, owing largely to widespread domestic disasters and downturns in global demand.
Continue Reading