Sri Lankan President Ranil Wickremesinghe granted amnesty to nearly 800 convicts to mark the traditional Sinhala and Tamil New Year on Saturday, his office said.

Sri Lankan Prime Minister Dinesh Gunawardena will visit China, his country's biggest bilateral lender, next week, Beijing's foreign ministry said Friday.

Sri Lanka's president said Wednesday he was seeking a moratorium on foreign debt repayments until 2028, following a government default during the island nation's unprecedented economic crisis two years ago.

Prices spiked more than six percent in Sri Lanka last month after it hiked taxes in line with IMF conditions to maintain a $2.9 billion bailout loan, official data showed Thursday.

Sri Lankan President Ranil Wickremesinghe granted an amnesty to more than 1,000 convicts and released them from jails across the country to mark Christmas, a prisons official said Monday.

The World Bank on Friday provided Sri Lanka $150 million to underwrite savings of millions of depositors in a move that highlights the bankrupt country's financial fragility as it recovers from a crisis last year.

Five passengers were crushed to death in Sri Lanka on Friday when a large tree fell on a state-run bus in the heart of the capital, Colombo, police said.

Bankrupt Sri Lanka's economic recovery was "not yet assured", the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at restoring the island's finances.

Dozens of pilgrims jumped into a lake to escape agitated elephants that ran amok during an annual Buddhist procession in Sri Lanka, police said Wednesday. At least one woman was hospitalised and many more injured during the stampede at the Esala Perahera parade in Kandy, a popular pilgrimage destination, on Tuesday night. Police said five…

Crisis-hit Sri Lanka partially lifted a ban on vehicle imports on Tuesday by allowing buses and trucks back into the island after more than three years. President Ranil Wickremesinghe issued an order removing the restriction imposed in March 2020, when the country faced an acute shortage of foreign exchange to finance essential imports. Officials said…

Sri Lanka's central bank unveiled a far-reaching debt restructuring plan on Thursday aimed at restoring stability after an unprecedented economic crisis last year that led to the toppling of then-president Gotabaya Rajapaksa.

The International Monetary Fund asked Sri Lanka Tuesday to speed its debt restructuring and warned any delays could undermine efforts to overcome the country's worst economic crisis.