Tag: Government
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IMF hopes to complete Sri Lanka aid talks ‘as quickly as possible’
The International Monetary Fund hopes to complete rescue talks with Sri Lanka “as quickly as possible,” Managing Director Kristalina Georgieva said on Wednesday, hours before the crisis-hit South Asian nation elected a new president.
Disinformation on bribe request for BIA expansion project exposed
Details of a disinformation campaign to discredit the government by making allegations of asking a bribe from a Japanese company engaged in the construction work of the Bandaranaike International Airport (BIA) expansion project have been exposed.
SL economy to contract more than 6% with IMF loan stalled
Governor of the Central Bank Dr. Nandalal Weerasinghe says that Sri Lanka’s economy is likely to contract more than 6% in 2022.
IMF bail out turns bleak in political turmoil and confidential file grab
Sri Lanka’s prospects of receiving the International Monetary (IMF) bail out package to avert the economic crisis became bleak with the intensifying of political instability and failure to reach a consensus on forming an all party government.
Acting president declares state of emergency ahead of MPs’ vote
Sri Lanka’s acting president, Ranil Wickremesinghe, has declared a state of emergency as his administration seeks to quell social unrest and tackle an economic crisis gripping the island nation.