President Ranil Wickremesinghe has called for a crucial meeting of party leaders scheduled for Monday to deliberate on proposals put forth by the International Monetary Fund (IMF) during its recent engagement with a high-level delegation, as announced by the President’s Media Division (PMD). The meeting, facilitated by President Wickremesinghe, presents a unique opportunity for leaders […]
Read MoreGeneva, March 4, 2024 – Sri Lanka continues to grapple with unproven accusations related to the Eelam conflict during the ongoing 55th session of the Human Rights Council (HRC). Authoritative military sources revealed that despite repeated rejections of resolutions 46/1 and 51/1, coupled with opposition to the external evidence-gathering mechanism established under these resolutions, the […]
Read MoreBankrupt Sri Lanka’s economic recovery was “not yet assured”, the International Monetary Fund warned Wednesday, after the first review of its $2.9 billion bailout aimed at repairing the island nation’s ruined finances. The Washington-based lender of last resort said Sri Lanka had been unable to meet its revenue targets and ensure growth although it had […]
Read MoreSri Lanka, despite struggling with an economic crisis, on Monday repaid $50 million to Bangladesh out of the $200 million loan that it took under a currency swap mechanism two years ago. Confirming the deposition of the first installment by the Sri Lankan authorities, Bangladesh Bank (BB) spokesperson Md Mezbaul Haque said the installment was […]
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