Tag: Sri Lanka bailout

Sri Lanka records highest deflation since 1961

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Sri Lanka records highest deflation since 1961

An unprecedented financial crash in 2022 brought months of consumer goods shortages, with inflation peaking at nearly 70% that year. File | Photo Credit: Reuters Sri Lanka’s consumer prices fell by 2.1% in November, the highest deflation rate recorded by the economically fragile island nation since 1961, official data showed Saturday (November 30, 2024). An…

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IMF approves third review of Sri Lanka’s $2.9 billion bailout

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IMF approves third review of Sri Lanka’s .9 billion bailout

Peter Breuer, Senior Mission Chief for Sri Lanka at the IMF speaks during the International Monetary Fund (IMF) press conference in Colombo, Sri Lanka, November 23, 2024. | Photo Credit: REUTERS The International Monetary Fund (IMF) approved the third review of Sri Lanka’s $2.9 billion bailout on Saturday (November 23, 2024) but warned that the…

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