Opaque (not transparent) loans for “headline-grabbing” infrastructure projects, were among the factors behind the current crisis that has engulfed Sri Lanka, said Samantha Power, Administrator, United States Agency for International Development (USAID), on Wednesday.
Sri Lanka's premier connectivity provider, Dialog Axiata PLC (Dialog), is set to expand and improve broadband connectivity across the country with International Finance Corporation's (IFC) support.
The Hotels Association of Sri Lanka’s (THASL) Executive meeting members took a bold decision to strongly recommend to reduce consumption of imported goods and services in hotel operations as it is a critical aspect to bring about economic stability in the country.
SLT-Mobitel has taken a major initiative towards transforming Sri Lanka to a smart nation further improving strategically important services and sectors while digitally empowering the people.
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state’s government seeks a financing loan from the Washington-based fund.
