Jaffna Kings win the LPL 2021 beating Galle in the final

IMF Executive Board to decide on Sri Lanka’s EFF on March 20

The Executive Board of the International Monetary Fund (IMF) will decide on Sri Lanka’s Extended Fund Facility (EFF) at its meeting on 20 March,?IMF Managing Director Kristalina Georgieva said. Georgieva welcomed the progress made by the Sri Lankan authorities in taking decisive policy actions and obtaining financing assurances from all their major creditors, including China, India and the Paris Club. The IMF Managing Director said she looks forward to presenting for approval Sri Lanka?s IMF-s

07 Mar, 2023

China sets lowest GDP growth target in decades as Beijing tightens its belt

Analysis by?Laura He China?s outgoing Premier Li Keqiang has announced?the country?s lowest GDP growth target?in decades, highlighting the domestic and global challenges the world?s second largest economy still faces despite its decision late last year to ditch draconian anti-Covid measures. Li set a target of about 5% growth for 2023 during the National People?s Congress on Sunday, while acknowledging the ?many difficulties? the economy is facing. The only year in recent history when the gove

07 Mar, 2023

Sri Lanka receives financial assurance letter from China

In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and the Governor of the Central Bank of Sri Lanka signed the letter and sent it to the IMF. The President said that he completed his obligation to the country and antic

07 Mar, 2023