Debt Relief Milestone Secures Over USD 17 Billion in Support Amid Ongoing IMF Program. On the 19th of September 2024, Sri Lanka announced that it has reached Agreements in Principle on the restructuring of approximately USD$ 17.5 billion of external...

A delegation from the Canton Fair Operations Department of China visited Sri Lanka Export Development Board (EDB) on 30th August 2024 to scale up trade relationship between the two countries through participating at trade promotional events such as Canton Fair...

A high-level delegation from Mirai Consulting Group, Japan, recently visited Sri Lanka to explore potential investment opportunities in various sectors. The delegation, led by Okada Atsushi, COO of Mirai Consulting Group, met with the EDB Chairman at the EDB headquarters....

Export Development Board (EDB) and KPMG Sri Lanka jointly organized a knowledge-sharing session on the new European Union (EU) regulations concerning Environmental, Social, and Governance (ESG) factors on 11th September 2024. The session took place at the auditorium of the...

The International Monetary Fund (IMF) has cautioned that while Sri Lanka has made notable progress in its economic recovery, the nation is still vulnerable and must work to protect the hard-earned gains it has achieved so far. Speaking at an...

In a significant move the government has announced the lifting of the temporary suspension on motor vehicle imports, effective October 1, 2024. This decision comes after over four years of stringent import restrictions that were initially imposed to safeguard the...

As part of on-going efforts to support economic recovery and ease the burden on mid-level income earners, the government has announced proposed adjustments to the Personal Income Tax (PIT) structure. These changes are aimed at maintaining fiscal responsibility while providing...

The International Monetary Fund (IMF) Communications Department Director Julie Kozack said it is ready to move forward with programme discussions after the Presidential election is held and a new government is formed based on the choice of the people. Julie...