Sri Lanka manufacturing activities continued its setback on a month-on-month basis while the services sector slightly improved its progress in January2023, Centra BANK data shows.
A cricket ground in Radella, Nuwara Eliya has been redeveloped for national level cricket and will be used for training by the Sri Lanka Cricket team ahead of their tour of New Zealand.
Sri Lanka is set to utilize the available resources in the US $ 1 billion Indian line of credit to import urgently required essential pharmaceuticals, which are in short supply in Sri Lanka.
China’s demand of forcing multilateral lenders to provide debt relief to Sri Lanka as part of a broader restructuring of loans is now at odds with other major creditors and likely to further delay the debt restructuring process to unlock the International Monetary Fund’s US$2.9 billion bailout package.
