by admin | Mar 21, 2023 | Worldnews
[ad_1] The International Monetary Fund approved its long-delayed rescue programme on Monday after China, the South Asian nation's biggest bilateral lender, offered debt relief assurances. COLOMBO: Sri Lanka must not allow entrenched corruption to undermine a...
by admin | Mar 21, 2023 | Worldnews
[ad_1] The deal has been nearly a year in the making and is a lifeline for the country that has billions of dollars in loans, the report said. Sri Lanka has secured a $2.9bn (£2.3bn) bailout from the International Monetary Fund (IMF) as it faces its worst economic...
by admin | Mar 21, 2023 | Worldnews
[ad_1] The deal has been nearly a year in the making and is a lifeline for the country that has billions of dollars in loans, the report said. Sri Lanka has secured a $2.9bn (£2.3bn) bailout from the International Monetary Fund (IMF) as it faces its worst economic...
by admin | Mar 7, 2023 | Worldnews
[ad_1] By PTI COLOMBO: China has given assurances that it will support Sri Lanka’s debt restructuring, clearing the biggest hurdle for the debt-ridden country to secure a much-needed USD 2.9-billion bailout package from the IMF, President Ranil Wickremesinghe...
by admin | Feb 11, 2023 | Worldnews
[ad_1] The International Monetary Fund delayed a $6 billion bailout for cash-strapped Pakistan over its failure to meet the terms of a previous deal, officials said Friday, as the country struggled with a worsening economic crisis and a deadly wave of...