April 7, 2022
1 min read

Lanka forms advisory group to tackle debt

The division, on Wednesday night, said that the members of the advisory group have already held discussion with the president on maintaining regular communication with the IMF….reports Asian Lite News

 Sri Lankan President Gotabaya Rajapaksa has appointed an advisory group on debt sustainability composed of economic and financial experts, the president’s media division has said.

The members of the advisory group include Indrajit Coomaraswamy, former Governor of the Central Bank of Sri Lanka, Shanta Devarajan, former Chief Economist with the World Bank, and Sharmini Coorey, former Director of the International Monetary Fund (IMF) Institute for Capacity Development, Xinhua news agency reported.

The division, on Wednesday night, said that the members of the advisory group have already held discussion with the president on maintaining regular communication with the IMF.

The advisory group is entrusted with holding discussions with Sri Lankan officials involved in negotiations with the IMF, and providing guidance on overcoming the current debt crisis, officials said.

ALSO READ: 11 humanitarian corridors opened in Ukraine

Previous Story

Global Covid caseload tops 494.8 mn

Next Story

ICC thanks NZC for hosting the ‘high-quality global cricket event’

Latest from -Top News

Pakistan’s Shadow War in Balochistan

At least 50 killed by Pakistan-backed death squads in Balochistan in April, says HRCB — toll expected to rise in May….reports Asian Lite News The Human Rights Council of Balochistan (HRCB) reported

Russia, Ukraine Resume Talks

The upcoming talks follow a significant hiatus in diplomatic engagement between the two nations, which have been locked in a brutal conflict since Russia’s invasion of Ukraine in February 2022 Russia and

UN Pays Tribute to Indian Soldiers

Thursday was observed as the 77th UN Peacekeepers Day, honouring the work of 61,353 peacekeepers, of whom 5,375 hailed from India….reports Asian Lite News Brigadier Amitabh Jha and Havildar Sanjay Singh, who

Modi’s New Warfare Playbook

Modi has upended the old playbook and India and Pakistan are entering dangerous new territory where nuclear deterrence is no longer a guarantee against conventional conflict…writes Collins Chong Yew Keat The India-Pakistan
Go toTop

Don't Miss

Lankan president calls for liberalisation of service sector

Wickremesinghe made these remarks during a meeting with the officials

Lanka’s Economic Outlook Improving, Says World Bank

Following an 81% depreciation against the US Dollar in 2022,