The International Monetary Fund (IMF) is assessing Sri Lanka’s newly announced 2026 budget—including its ambitious 7% economic growth target—to determine whether it meets the requirements of the country’s ongoing bailout program. At a press briefing yesterday (13), IMF Communications Director Julie Kozack said staff are “reviewing the published budget documents to evaluate whether the 2026…

Five newly appointed envoys formally presented their credentials to Sri Lankan President Anura Kumara Dissanayake at the Presidential Secretariat on Thursday (13), marking the beginning of their diplomatic assignments in the country. The diplomats who presented credentials were: President Dissanayake welcomed the new envoys and expressed his commitment to strengthening bilateral cooperation with each of…

Sri Lanka’s Agricultural and Agrarian Insurance Board has introduced a new insurance scheme designed to protect seed paddy producers from major cultivation risks. The initiative was developed in response to repeated requests from farmers seeking greater security against climate- and wildlife-related threats. Under the scheme, farmers can insure their seed paddy production for a premium…

Sri Lanka and Saudi Arabia have officially established the Sri Lanka–Saudi Arabia Joint Business Council, marking a major step toward deepening bilateral economic cooperation. Minister of Foreign Affairs, Foreign Employment, and Tourism Vijitha Herath announced the launch, describing it as a “historic milestone” in strengthening economic ties between the two nations. The Council was formed…