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US and China debate on SL debt restructure amid Paris Club word on cards
US and China are exchanging words on Sri Lanka’s ongoing debt restructuring process to gain IMF board approval for US$ 2.9 billion bail out loan,amidst speculations on the likelihood of Paris Club assurance for debt rescheduling.
Sri Lanka crashes to the lowest economic growth among 148 countries
Sri Lanka is now moving towards the lowest economic growth among 148 nations even below the economic growth of South Sudan, the World Bank global economic prospects report (published in Jan 2023) revealed.
SL-UK trade records £1.3 billion in 2022 before the new trading scheme
Sri Lanka is set to benefit from the UK’s new trade concessionary scheme Developing Countries Trading Scheme (DCTS) that will replace the GSP+ in that country and will be in force from 2023, finance ministry sources said.
Sri Lanka gets ready to go solar with Indian and ADB credit lines
In a bid to overcome the energy crisis, the Government has decided to equip a total of 11,219 State properties including education, religious and other buildings with rooftop solar panels.
Bangladesh and Sri Lanka prioritize concluding PTA
Bangladesh and Sri Lanka will soon enter into a Preferential Trade Agreement (PTA) following the decision to expedite negotiations and clonclude it shortly, official sources said.