If Sri Lanka enhances transparency, reduces corruption, and increases government revenue, the proposed 28 percent bond haircut could rise to 35 percent, with the potential for further adjustments based on economic growth rate...

The key point is that Sri Lanka's long-term debt sustainability will not be compromised by any upside payouts triggered by economic over-performance under the economic growth and governance-linked bond deal with bondholders. The negotiated framewor...

The Excise Department has collected Rs. 105 billion in revenue by 30 June this year, marking a Rs. 17 billion increase compared to the same period last year, despite setbacks from natural disasters and issues at a major pro...

Sri Lanka has reached an agreement to restructure US$ 12.5 billion in bonds, featuring a 28 percent cut on face value, 11 percent reduction in past interest, interest payments starting in September 2024, and governance-linked bond features.