COLOMBO (News 1st); IMF Managing Director Kristalina Georgieva expressed concern over the announcement of U.S. tariffs, highlighting the potential risks to the global economy.Georgieva emphasized that the IMF is currently assessing the macroeconomic implications of these measures, which come at a ti...

(AP) — President Donald Trump on Wednesday announced far-reaching new tariffs on nearly all U.S. trading partners — a 34% tax on imports from China and 20% on the European Union, among others — that threaten to dismantle much of the architecture of the global economy and trigger broader trade wars.T...

Colombo (News 1st): In a candid assessment of Sri Lanka's economic prospects, Mattias Martinsson, Chief Investment Officer and Founding Partner of Tundra Fonder AB, shared his views on the country's journey through recent challenges and its promising future.Martinsson, speaking at a forum in Colombo...

COLOMBO (News 1st); The International Monetary Fund has stressed that it is crucial that Sri Lanka's State-Owned Enterprises or SOEs are managed in a prudent manner to avoid the accumulation of losses or debts that would eventually need to be paid by taxpayers.An IMF Spokesperson responding to a que...

COLOMBO (News 1st); The International Monetary Fund has said that Sri Lanka's economic recovery is gaining momentum.Julie Kozack, Director of the IMF’s Communications Department noted reforms in Sri Lanka are bearing fruit."Inflation remains low in Sri Lanka. Revenue collection on the fiscal side is...