IMF said talks in Washington on a 'credible and coherent' economic strategy had been fruitful

The UNDP suggested a temporary basic income, in the form of an unconditional cash transfer to working-age Sri Lankans for six to nine months

Restoration of debt sustainability typically requires a restructuring or reprofiling of public debts, which in Sri Lanka's case would require cooperation from China

The debt-laden island nation is hoping the IMF can come up with a quick rescue package after its neighbour India lobbied Fund on its behalf

On Monday, Sri Lanka begins talks with IMF for a loan, even as it seeks help from countries such as India and China

Crisis-hit Sri Lanka has halted all its foreign debt payments so it can use its shrinking hard currency reserves to buy food and fuel

Sri Lanka, hit by its worst economic crisis since independence, has been asking friendly nations including India and China for credit lines, food and energy

Fitch Ratings said has downgraded Sri Lanka's long-term foreign-currency issuer default rating, reflecting its view that a sovereign default process has begun

Saddled with a huge foreign exchange crisis, Sri Lanka on Tuesday suspended servicing external public debt pending the completion of its IMF discussions

Sri Lanka, whose reserves have dipped by two-thirds in two years, says it needs to come to an agreement with creditors and secure an IMF loan

Sri Lanka’s foreign exchange reserves have plummeted to $1.93 billion and debt payments several times that amount are looming. Learn...