Breaking News, News, Top Story

IMF chief and Ranil discuss restructuring Sri Lanka’s debt

03 Mar, 2023

Feature Image

The Managing Director of the International Monetary Fund (IMF) Kristalina Georgieva, and President Ranil Wickremesinghe had talks on restructuring Sri Lanka’s debt.

The discussion took place over Zoom, the President’s Media Division said.

The discussion focused extensively on the IMF financial facility and the expected debt restructuring for Sri Lanka.

Currently, there is a prevailing sense of optimism among all stakeholders involved in Sri Lanka?s debt restructuring and financial facility.

It is noteworthy that the IMF Managing Director is having this discussion with the President, considering the recent discussion held with the Chinese Prime Minister.

According to a recent report by Bloomberg News, Chinese Premier Li Keqiang expressed China?s willingness to participate in multilateral efforts aimed at constructively contributing to debt-ridden countries during a discussion with the IMF Managing Director.

The report further suggests that debt-ridden countries like Sri Lanka and Pakistan are taking necessary steps towards taking joint action in this regard. (Colombo Gazette)

Recommended For You

Feature Image

Jayampathy Wickramaratne resigns from Parliament

United National Front (UNF) Parliamentarian Dr. Jayampathy Wickramaratne has resigned from his Parliament seat. He has informed the Speaker about his decision and the decision was announced by the Deputy Speaker when Parliament convened today. Wickramaratne took oaths as a National List MP following the 2015 Parliamentary election. (Colombo Gazette)

22 Jan, 2020

Feature Image

Mano takes on Wimal for changing sign board with Tamil on top

Former Minister Mano Ganesan has slammed Minister Wimal Weerawansa’s decision to change a sign board with Tamil wording on top. The sign board of the Palmyrah Development Board in Mannar had the name in Tamil above the Sinhalese text. Minister Weerawansa had ordered that a new board be erected with the Sinhalese text being placed above the Tamil text. The Minister posted a message on his Facebook saying a shortcoming on the name board was rectified. Parliamentarian and former Minister of Nat

21 Jan, 2020

Feature Image

EU election observers to release final report on Sri Lanka polls

The European Union election observation mission (EU EOM) which was in Sri Lanka to observe the Presidential election last November, is to release its final report this week. The Chief Observer of the European Union election observation mission (EU EOM) Sri Lanka 2019, Marisa Matias, will present the mission?s final report on the 2019 Presidential election on Friday in Colombo. The EU EOM was in Sri Lanka from mid-October to mid-December 2019, deploying 60 long-term and short-term observers for

21 Jan, 2020