Sri Lanka said on Thursday it reached an agreement with the Export-Import Bank of China covering about $4.2 billion of outstanding debt, while talks with other official creditors stall.

This technical assistance report on Sri Lanka discusses the Governance Diagnostic Assessment. In recent years, a confluence of shocks and policy missteps led to a deep economic and governance crisis.

Sri Lanka ’s top court on Thursday ordered the owners of a Singapore-flagged container ship that sank near its capital to pay US$1 billion in compensation to the island nation’s government for ...