by admin | Mar 22, 2024 | Worldnews
[ad_1] The economic situation in debt-stricken Sri Lanka has started to gradually improve following its worst economic crisis two years ago, the International Monetary Fund said Thursday.The country’s inflation has come down from a peak of 70% in 2022 to 5.9%...
by admin | Jan 26, 2024 | Worldnews
[ad_1] COLOMBO, Sri Lanka (AP) — The United States expressed concerns over Sri Lanka’s online regulation bill Thursday, a day after it passed overwhelmingly in Parliament over protests by the media, opposition and rights activists.The Online Safety bill allows...
by admin | Nov 29, 2023 | Worldnews
[ad_1] By PTI COLOMBO: India will build 10,000 more houses in the plantation areas of Sri Lanka in an extension of its housing project in the country. The High Commission of India signed two significant agreements for the construction of 10,000 houses in plantation...
by admin | Nov 29, 2023 | Worldnews
[ad_1] By PTI COLOMBO: Sri Lanka is close to securing a statement of agreement from its external creditors on debt restructuring that will enable the IMF to conclude its first review of the USD 2.4 billion bailout facility approved in March this year, President Ranil...
by admin | Aug 16, 2023 | Worldnews
[ad_1] An International Monetary Fund (IMF) staff team will visit Colombo in a month’s time for the first review on Sri Lanka’s loan programme, a spokesperson said on Tuesday.The Washington-based lender approved a nearly $3 billion bailout for crisis-hit...