Nandalal Weerasinghe Masahiro Nozaki Peter Breuer Sri Lanka state Indiana Government crisis Nandalal Weerasinghe Masahiro Nozaki Peter Breuer Sri Lanka state Indiana

Difficult to predict Sri Lanka’s bailout timeline – IMF

Reading now: 641
www.newsfirst.lk

(Nikkei) Sri Lanka's government appears increasingly upbeat about its chances of receiving International Monetary Fund board approval for a $2.9 billion bailout by December, but the multilateral lender has cautioned that the time frame remains uncertain, and much depends on discussions with the heavily indebted country's creditors.Peter Breuer, senior mission chief for Sri Lanka, and Masahiro Nozaki, mission chief for Sri Lanka, in written comments to Nikkei Asia, said, "It is difficult to predict the timeline, as the process of debt relief discussions takes time.

All parties who are involved in the process should move expeditiously, so that Sri Lanka can emerge from the crisis as quickly as possible."On Sept.

1, Sri Lanka reached a staff-level agreement with the IMF to obtain the $2.9 billion, a crucial lifeline for a country wrestling with the worst economic crisis in its history.

The country's year-on-year inflation topped 70% in August, and the public continues to face severe shortages of essentials.Earlier this year, Sri Lanka defaulted on a foreign bond for the first time, after its foreign reserves dwindled to next to nothing. "We announced that we are not in a position to pay," central bank Gov.

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Mahinda Yapa Abeywardena - Bureau of Rehabilitation: Supreme Court says bill is inconsistent with Constitution - newsfirst.lk - Sri Lanka
newsfirst.lk
66%
853
Bureau of Rehabilitation: Supreme Court says bill is inconsistent with Constitution
COLOMBO (News 1st)- Sri Lanka's Supreme Court has determined that the 'Bureau of Rehabilitation' bill as a whole is inconsistent with Article 12(1) of the Constitution and as such may be enacted only by the special majority required by Article 84(2) of the Constitution.However, However, this inconsistency shall cease if:(i) All references to “ex-combatants,” “violent extreme groups” and “any other group of persons” are deleted from the Bill;(ii) The Bill is limited to the rehabilitation of drug dependent persons and such other persons as may be identified by law. Parliament Speaker Mahinda Yapa Abeywardena announced the Supreme Court's determination on Thursday (20) to parliament.The complete determination is as follows: I wish to announce to Parliament that I have received the Determination of the Supreme Court in respect of the Bill titled “BUREAU OF REHABILITATION” which was challenged in the Supreme Court in terms of Article 121(1)of the Constitution.On an overall consideration of the provisions of the Bill, the Supreme Court has made the following Determination:—A. The Bill as a whole is inconsistent with Article 12(1) of the Constitution and as such may be enacted only by the special majority required by Article 84(2) of the Constitution. However, this inconsistency shall cease if:(i) All references to “ex-combatants,” “violent extreme groups” and “any other group of persons” are deleted from the Bill;(ii) The Bill is limited to the rehabilitation of drug dependent persons and such other persons as may be identified by law.B.
Philadelphia Phillies - Juan Soto - David Robertson - Manny Machado - Aaron Nola - Josh Hader - Rhys Hoskins - Padres outslug Phillies in game 2 of NLCS, series shifts to Philadelphia tied - fox29.com - state California - county San Diego
fox29.com
85%
122
Padres outslug Phillies in game 2 of NLCS, series shifts to Philadelphia tied
SAN DIEGO, CALIFORNIA - OCTOBER 19: Juan Soto #22 of the San Diego Padres celebrates at second base after hitting a one-run RBI double during the fifth inning against the Philadelphia Phillies in game two of the National League Championship Series at SAN DIEGO - A five-run 5th inning propelled the San Diego Padres to a 8-5 win over the Phillies in game two of the National League Championship Series. Pitching with a 4-2 lead, Phillies starter Aaron Nola began to allowed four of the first five batters to reach in the bottom of the 5th, capped by a two-run game-tying double by Juan Soto. Brad Hand entered the game and hit the first batter he faced, and allowed three runs to score on three hits, pushing the Padres lead to 7-4. Manny Machado slugged a home run to left field in the 7th inning off reliever David Robertson, increasing San Diego's lead to four runs. After allowing six unanswered runs, the Phillies finally struck back in the top of the 8th with a no-doubt solo home run by Rhys Hoskins. Padres relief pitcher Nick Martinez tossed two scoreless innings of relief, striking out three batters. San Diego closer Josh Hader put the finishing touches on Padres game 2 win. The series will shift back to Philadelphia tied a 1 game each.
DMCA