Sri Lanka defaulted on 18 May 2022 after running out of foreign currency. The IMF approved about US$3 billion in March 2023 and had paid about US$2.4 billion b…
The World Bank says real GDP is back at its pre-crisis level after 4.7% growth in the first half of 2026. Poverty, estimated at 16.9% for 2025, is still higher.
About US$695 million was released. Total paid is about US$2.4 billion of the roughly US$3 billion approved.
Floods killed 644 people by 14 December. The IMF approved US$206 million of emergency financing on 19 December.
Holders of 97.8% joined an exchange that settled on 20 December, a roughly 27% nominal haircut per Bloomberg.
China Exim signed treatment of about US$4.2 billion of debt on 26 June 2024.
A 48-month programme worth about US$3 billion. About US$333 million was paid at once.
Protesters entered the presidential residence on 9 July. Gotabaya Rajapaksa's resignation was effective 14 July.
A 30-day grace period on about US$78 million of bond interest ended on 18 May 2022.
VAT was cut from 15% to 8% and other levies were abolished.
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