Sri Lanka – Page 20 – India Daily Digital

Lanka bailout: IMF stresses anti-corruption, governance reforms

On Monday night, the IMF approved the 48-month extended arrangement under the Extended Fund Facility (EFF) of $2.9 billion….reports Asian Lite News After Sri Lanka secured the $2.9 billion International Monetary Fund

March 21, 2023

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‘LKR to appreciate once we enter IMF deal’

Wickremesinghe said once Sri Lanka receives the IMF funds, it can start restructuring external debt, adding that the LKR will trade between 185 to 200 against a dollar….reports Asian Lite News The

March 21, 2023

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Lanka secures $2.9bn IMF bailout

The development was confirmed to the media by State Minister of Finance Shehan Semasinghe late Monday night…reports Asian Lite News As Sri Lanka is still undergoing its worst ever economic crisis since

March 21, 2023

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Lanka’s debt burden continues to soar

The government was responsible for an additional 5.62 per cent of the guaranteed debt held by state-owned businesses, bringing the total to 125.7 per cent of GDP….reports Asian Lite News The Sri

March 20, 2023

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IMF to approve $2.9 bn bailout package for Lanka

Sri Lanka started the related negotiations with the international lender in 2022 after the South Asian country was hit by a severe economic crisis….reports Asian Lite News Sri Lankan central bank governor

March 19, 2023

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Indian housing project transforms lives in Lanka

The Indian Housing Project in Sri Lanka was launched in 2010 and construction of housing units is still on….reports Asian Lite News On March 11, High Commissioner of India Gopal Baglay and

March 15, 2023

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China to tap Lanka’s fuel market

The move will mark the entrance of second private outside fuel supplier after India’s Lanka IOC…reports SUSITHA FERNANDO China expressed its plans to enter Sri Lanka’s fuel market by investing on importing,

March 14, 2023

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Lanka announces new date for local polls

The regional election officials were told that they are to gazette April 25 as the election day…reports Asian Lite News Sri Lanka’s Election Commission announced on Tuesday that April 25 is the

March 8, 2023

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Ranil welcomes financial assurances from creditors

Lanka President stressed that any violation of the agreement with the IMF could result in discontinuation of Sri Lanka’s collaboration with all financial institutions…reports Asian Lite News Sri Lankan President Ranil Wickremesinghe

March 8, 2023

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Private firms to supply jet fuel in Lanka

Importing Jet A-1 fuel is also a challenge for the CPC because of the foreign currency shortage..reports Asian Lite News Sri Lanka’s Cabinet of Ministers has approved a proposal to allow private

March 1, 2023

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Sri Lanka - Page 20