Sri Lanka is counting the minutes to Monday, when the International Monetary Fund s executive board is expected to approve a $2.9 billion bailout for the bankrupt island nation. MORE..
The Executive Board of the International Monetary Fund (IMF) has approved a bailout package for Sri Lanka. President Ranil Wickremesinghe welcomed the announcement that the IMF Executive Board, which met today, had approved the Extended Fund Facility for Sri Lanka. The program approved by the IMF will allow Sri Lanka to access financing of up […]
The Executive Board of the International Monetary Fund (IMF) has approved the Extended Fund Facility to Sri Lanka at its board meeting held today, according to State Minister of Finance Shehan Semasinghe.
The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board.
The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to file criminal cases against three pyramid-type prohibited schemes operating in the country as those schemes are acting contrary to the Section 83C of the Banking Act.The post Central Bank of Sri Lanka warns general public over pyramid-type schemes in Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout.
BBC reported that Thailand’s king has dissolved parliament, paving the way for a general election in early May. Prime Minister Prayuth Chan-ocha’s new conservative, royalist party faces a strong challenge from the Pheu Thai party, led by exiled former PM Thaksin Shinawatra’s daughter Paetongtarn. Prayuth, who led a 2014 coup against the last pro-Thaksin government, […]
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