The Latest Breaking News from International Monetary Fund

According to the International Monetary Fund (IMF), inflation is decreasing more quickly than anticipated. Global inflation is projected to drop to 5.8% in 2024 and 4.4% in 2025.

Sri Lankans voted for a new direction in leadership on Sept. 22, 2024, electing a leftist anti-poverty campaigner as president of the South Asian nation.

A previously fringe Marxist politician was on course Sunday to become Sri Lanka's next leader after a presidential vote coloured by discontent over the island nation's response to an unprecedented financial crisis.

Learn about Sri Lanka's presidential election focusing on economic recovery, debt restructuring, and leadership amid crisis.

Sri Lankans voted on Saturday in the country's first presidential election since its economic collapse, with the unpopular IMF austerity plan at the forefront of voters' minds. President Ranil Wickremesinghe faces tough opposition as his economic reforms, though stabilising the nation, have caused widespread hardship, fuelling support for candidates advocating…

Economic issues top the agenda as the island country of 22 million goes to the polls to elect its 10th president.

Ranil Wickremesinghe, Anura Kumara Dissanayake and Sajith Premadasa are contesting an election focused on the economy.

Saturday’s election will be the first since a people’s movement toppled the president. But other problems have proved harder to shift

Concerns over deepening military cooperation between Russia and North Korea over war in Ukraine