The International Monetary Fund (IMF) approved the third review of Sri Lanka's $2.9 billion bailout on Saturday but warned that the South Asian economy remains vulnerable.
Anura Kumara Dissanayake, Sri Lanka's new president, appointed Harini Amarasuriya, a college professor and first-time lawmaker, as the country's PM, making her the third woman to hold this position.
Sri Lankans elected Marxist-leaning Anura Kumara Dissanayake as new president on Sunday, putting faith in his pledge to fight corruption and bolster a fragile economic recovery.
Sri Lankans will vote for a new president in the election on Saturday, with the outcome expected to determine the fate of economic recovery led by Ranil Wickremesinghe.
Sri Lanka's cabinet approved issuing free tourist visas to visitors from 35 countries including China, India and Russia, a top official said on Thursday, in an effort to boost tourism
Senior U.S. diplomat Richard Verma met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program
