India’s Foreign Minister S. Jaishankar has met Sri Lanka’s newly elected President Anura Kumara Dissanayake in the first such visit of a dignitary since a new government took office in the island nation last month,

India offered $20M in credit lines to Sri Lanka, potentially as a grant, during External Affairs Minister Jaishankar's first visit post-election.

External Affairs Minister S Jaishankar arrives in Sri Lanka to engage with the new leadership, marking the first official visit since their presidential election. The visit aligns with India's Neighbourhood First Policy and SAGAR outlook,

Sri Lanka's $12.5 billion bondholder debt rework has received support from bilateral creditors and the International Monetary Fund, the finance ministry said on Friday, a huge boost to the island nation's fragile economy.

Sri Lanka needs to complete the third review of its IMF programme in order to receive about $337 million in funds and support the finalisation of a $12.5 billion debt restructuring with bondholders. (Reporting by Uditha Jayasinghe, writing by Pushkala Aripaka; Editing by Hugh Lawson)

COLOMBO: Sri Lanka's painful austerity measures were "bearing fruit" and must be sustained, the International Monetary Fund said on Friday (Oct 4) as the country's new president sought changes to its US$2.