The IMF's Kristalina Georgieva has welcomed "decisive policy actions" by Sri Lankan authorities and the financial assurances obtained from major creditors.
March 16, 2023The CBSL is working to address a local currency liquidity deficit in the banking system. Banks can continue to hold 90% NSFR until year-end.
November 29, 2022The CBSL said it is not in a position to consider Russia's request to operate the Mir card scheme in Sri Lanka, due to US sanctions.
October 24, 2022The study will assess the capital impacts of losses on foreign currency-denominated financial assets and bad debt.
October 21, 2022Banks can use their CCB and operate at 90 percent LCR and NSFR. IMF loan not expected until at least August.
May 28, 2022Sri Lanka has appointed a new prime minister after protests turned violent. Banks are told to suspend discretionary payments through the "prevailing macroeconomic tumult"
May 13, 2022Sri Lanka is trying to restructure its loans from Chinese banks, offering golden visas to foreigners, and relaxing rules on securities margin financing.
April 29, 2022The government is suspending repayment of foreign debt pending the completion of a loan restructuring programme with the IMF.
April 14, 2022The Finance Ministry of and CBSL were responding to rumours of a default by a state bank, which reportedly did not have enough FX to honour a swap with two other banks.
April 1, 2022Sri Lanka's banks and the private sector need to be incentivised to make investments in low carbon energy projects, the CBSL said.
March 30, 2022