IMF-Sri Lanka talks positive-BY CHAMIKARA WEERASINGHE   Source:Sundayobserver The talks in Colombo between the nine-member staff mission from the International Monetary Fund (IMF) and senior officials from the Finance Ministry have made key progress in restructuring the country’s balance of payments for much needed financial consolidation, sources at the Prime ...

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IMF delegation here today to discuss loan agreement-by Shiromi Abeyasinghe Source:Dailynews An International Monetary Fund (IMF) delegation will arrive in Sri Lanka today (20) to finalise the staff-level agreement on the loan requested by Sri Lanka. Prime Minister Ranil Wickremesinghe telephoned International Monetary Fund Managing Director Kristalina Georgieva on June ...

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Sri Lanka Is a Small Preview of a Global Default Crisis – By Ruth Pollard The country is already wracked with shortages. The social order may shatter if the economy isn’t infused with cash soon.   Source:bloomberg.com High school teacher S. Jeeva has spent two days in the baking sun ...

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Sri Lanka gives $1 billion relief as anger grows over food costs Source:timesofindia.indiatimes.com COLOMBO: Sri Lanka unveiled a $1 billion relief package as President Gotabaya Rajapaksa’s government seeks to temper growing public anger over the surging prices of essential food and medical items in a country that’s running out of foreign exchange to ...

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