Protests in several parts of the country demanding fuel

Paris Club ready for close coordination with China, India on Sri Lanka debt talks

The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka’s debt talks but is still awaiting a reply, a source with direct knowledge of the matter told Reuters. Paris Club officials reached out to two of Sri Lanka’s biggest bilateral creditors after the crisis-hit nation reached a staff-level agreement with the International Monetary Fund board for a $2.9 billion loan in September. The Paris Club still hasn’t received a reply from eith

14 Oct, 2022

Suspect shot dead by Police in alleged confrontation

A suspect was shot dead by the Police during an alleged confrontation, when an attempt was made by the Special Task Force (STF) to arrest him. The Police said that the suspect had earlier shot at a three-wheeler driver in the Ahungalla area. The alleged confrontation had taken place when the STF had attempted to arrest the suspect. The Police opened fire killing the suspect. (Colombo Gazette)

13 Oct, 2022

IMF seeks to expand donor coordination to countries like Sri Lanka

The International Monetary Fund? (IMF) is looking to expand donor coordination to countries like Sri Lanka. IMF Managing Director Kristalina Georgieva said that the IMF is pressing for a more effective debt resolution mechanism. “We want the G20 Common Framework to become more predictable, with clear guidelines and equality of treatment for all creditors, public and private. We are also looking for ways to expand that kind of donor coordination to middle-income countries, such as Sri Lanka,” s

14 Oct, 2022