The Latest Breaking News from Sri Lanka

The International Monetary Fund (IMF) is allowing Sri Lanka to utilise funds from its latest bailout for fiscal support, unlike previous loans that could only be used to ease balance of payments crises, central bank governor Nandalal Weerasinghe said in an interview with Bloomberg.

Sri Lanka is ready to engage in debt restructuring talks with bilateral and private creditors to recover debt sustainability as "soon as possible", state finance minister Shehan Semasinghe said on Tuesday.

When Ranil Wickremesinghe took over as Sri Lanka's president in July after a popular uprising ousted his predecessor, the South Asian island nation was engulfed in its worst economic meltdown in 75 years.

Sri Lanka will get the first $330 million tranche of an International Monetary Fund bailout in the next two days, the global lender said on Tuesday, putting the onus on the cash-strapped country to rein in its debt to sustainable levels.

The International Monetary Fund says its executive board has approved a nearly $3 billion bailout program for bankrupt Sri Lanka

The International Monetary Fund's executive board on Monday approved a $3 billion four-year extended financing arrangement for Sri Lanka, paving the way for immediate disbursement of about $333 million to the cash-strapped country.

The International Monetary Fund (IMF) on Monday said its executive board approved a nearly $3 billion bailout for Sri Lanka, and the country's presidency said the program will enable it to access up to $7 billion in overall funding.

The popular Sri Lankan restaurant, which has branches across the UK, will be dimming its lights and electricity for a good cause

New Zealand has completed an innings and 58-run victory over Sri Lanka in the second Test in blustery Wellington to sweep the series 2-0 as the South