The captain of the merchant vessel, held by Somali pirates Al-Nisr Al-Saudi has been allowed to talk with the shipping company. He has affirmed that the 13-member Sri Lankan crew on board are safe and in good health. Al-Nisr Al-Saudi was hijacked in the Gulf of Aden with a 14-member crew on board, which include 13 [...]
Main opposition Samagi Jana Balawegaya MP, Dr. Harsha de Silva, said he was “relieved” after President Ranil Wickremesinghe got the job done. MP Dr. Harsha de Silva said that the commitment of President Ranil Wickremesinghe to get the job done is appreciated notwithstanding political differences. “Professionalism of Gov @cbsl and ST in the process must […]
The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF).The post Sri Lanka receives IMF approval for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
International Monetary Fund (IMF) Managing Director Kristalina Georgieva says ongoing efforts to tackle corruption in Sri Lanka should continue, including revamping anti-corruption legislation. She also said that a more comprehensive anti-corruption reform agenda should be guided by the ongoing IMF governance diagnostic mission that conducts an assessment of Sri Lanka’s anti-corruption and governa...
President Ranil Wickremesinghe is to address the nation tomorrow (Tuesday), State Minister of Finance Shehan Semasinghe said. The State Minister said that that the background required to obtain the approval was prepared with the patience and trust of the people of the country, as well as the unpopular but necessary reforms in the country that […]
The decision by the Executive Board of the International Monetary Fund (IMF) to approve a bailout package for Sri Lanka will enable an immediate disbursement of US$333 million and catalyze financial support from other development partners, the IMF said. The Executive Board of the IMF approved a 48 month extended arrangement under the Extended Fund […]
The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced.
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