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Sri Lanka to receive the first tranche of US$2.9 billion IMF EFF in 2 days

Sri Lanka is expected to receive the first tranche of funds from the International Monetary Fund (IMF) in 2 days, Peter Breuer, Chief of the Debt Capital Markets Division, Monetary and Capital Market Department at the IMF said.

Sri Lanka and India discuss way forward in bilateral economic cooperation

Sri Lanka’s High Commissioner to India Milinda Moragoda met with the Minister of Finance and Corporate Affairs of India Smt. Nirmala Sitharaman in New Delhi (March 21).

Sri Lanka to assume the Chair of the Indian Ocean Rim Association in 3Q 2022

Sri Lanka will assume the Chairmanship of the Indian Ocean Rim Association (IORA) in the latter half of this year for the period from 2023 – 2025. In this role, Sri Lanka will build on the important work done by Bangladesh as the current Chair and the UAE as the past Chair.

India promotes institutional linkages between the Armed Forces of two countries

India is now promoting institutional linkages between the Armed Forces of India and Sri Lanka arranging study tours help strengthen the existing bonds of...

Sls IMF bailout deal to undergo positive economic gains: Former Finance Minister

Sri Lanka’s deal with the International Monetary Fund to unlock the US $ 2.9 billion Extended Fund Facility (EFF) will be mainly building international reserves to meet external payments and Support of macroeconomic adjustment and structural reform programmes amidst economic and political crises, Former Finance Minister Ravi Karunayake underlined.

Breaking

Sri Lankan Filmmakers Target Hollywood, Opening New Global Opportunities

The launch of Missing Threads, a crime thriller designed...

Visa Fraud Syndicates Exploit Sri Lankans’ Desperate Foreign Dreams

Sri Lanka’s desperate search for overseas employment and better...

HSBC’s Dual Exit Exposes Sri Lanka’s Investor Confidence Crisis

Sri Lanka’s economic recovery faces a fresh test as...

President Orders Faster Development of Katunayake Airport and Domestic Airports

President Anura Kumara Dissanayake has directed officials to accelerate ongoing projects to increase passenger-handling capacity and improve facilities at Katunayake International Airport, while also advancing the development of domestic airports across the country to meet future aviation demands. The directive was issued during a discussion on the 2027 Budget proposals for the Ministry of Ports and Civil Aviation held at the Presidential Secretariat. During the meeting, the President reviewed the progress of development projects at Katunayake Airport and stressed the importance of completing them without delay. He also highlighted the need to expand supporting infrastructure, including road networks surrounding the airport, to improve accessibility and accommodate growing passenger traffic. Improving convenience and facilities for air travellers at both Katunayake International Airport and regional airports was another key focus of the discussion. The meeting was attended by Minister of Ports and Civil Aviation and Minister of Energy Anura Karunathilaka, Minister of Labour and Deputy Minister of Finance and Planning Dr. Anil Jayantha Fernando, and Deputy Minister of Ports and Civil Aviation Janith Ruwan Kodituwakku. Other participants included Chief of Staff to the President Prabath Chandrakeerthi, Senior Additional Secretary to the President and Secretary to the Ministry of Energy Russell Aponso, Secretary to the Ministry of Finance, Planning and Economic Development Dr. Harshana Suriyapperuma, and Secretary to the Ministry of Ports and Civil Aviation W. W. S. Mangala. Deputy Secretary to the Treasury A. K. Seneviratne, Director General of the Department of National Budget Jude Nilukshan, and other officials from the relevant institutions and the Ministry of Finance also attended the discussion.
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