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Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring

COLOMBO (News 1st) – The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") in a letter to the IMF Managing Director has confirmed it is prepared to engage, through its Steering Committee, with the Sri Lankan authorities in restructuring negotiations consistent with the parameters of an IMF Programme and the targets specified therein (the "IMF Programme Targets").The Ad Hoc Group of Sri Lanka Bondholders (the "Bondholder Group") has acknowledges the Sri Lankan authorities' engagement with their official creditors towards a resolution of the current crisis and restoration of debt sustainability.The Bondholder Group further acknowledged that such engagement has recently resulted in the Government of India (in its letter to the IMF, dated January 16, 2023 (the "India Letter")) delivering letters of financing assurances, committing to support Sri Lanka and contribute to its efforts to restore debt sustainability by providing debt relief and financing consistent with the IMF Extended Fund Facility Arrangement (the "IMF Programme") and the IMF Programme targets indicated in the India Letter.Similarly, the Bondholder Group through its Steering Committee stands ready to engage quickly and effectively with the Sri Lankan authorities to design and implement restructuring terms that would help Sri Lanka restore debt sustainability and allow the country to re-gain access to the international capital markets during the IMF Programme period.The Bondholder Group understands that the IMF Programme's debt sustainability targets are identified as (i) reducing the ratio of public debt to GDP to 95% by 2032,  (ii) limiting the central government's annual gross financing needs to GDP ratio to 13% in the period between 2027 and

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Jane Fonda - Dorothy Tristan dead: Klute and Scarecrow actress dies aged 88 after long health battle - express.co.uk - New York - Washington - state Indiana - state Michigan
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Dorothy Tristan dead: Klute and Scarecrow actress dies aged 88 after long health battle
died aged 88.The late star’s husband, director John D Hancock, confirmed the sad news that his wife had died in her sleep on January 8.The pair had been married for 48 years, after first tying the knot in 1975.Dorothy died surrounded by her husband and her caretaker, Marcia Brodhacker, her representation has confirmed.The Hollywood actress had tragically been battling Alzheimer's disease for the past 10 years, according to Variety.Dorothy made her film debut in 1970’s X-rated movie End of the Road.From there, she went on to star alongside Jane Fonda and Donald Sutherland in the Oscar-nominated film Klute the following year.Some fans might also recognise the actress from 1973’s road movie Scarecrow.She also became a huge local star in the town of Michiana, Michigan after shooting the 1989 Christmas film Prancer on location there.Dorothy also co-wrote and starred in 2015 drama The Looking Glass, which served as her final role.She returned to acting for the part after spending decades away from showbiz, with her husband John directing the movie.The production saw Dorothy star as a woman with dementia symptoms who looked after her troubled teen granddaughter and the film was set in the couple’s Indiana home.John is an established stage and film director, probably best known for his sports drama film Bang the Drum Slowly.Dorothy was born on May 9, 1934, and raised in the Yorkville area of Manhattan.She attended Washington Irving High School and the School of Industrial Arts in New York.The star first started out as a model, travelling to Europe and appearing on covers of Life magazine and Vogue.Before she met husband John, she was married to director Aram A.
Canadian Food Inspection Agency warns of spotted lanternfly pest nears border - globalnews.ca - China - Usa - state New York - Canada - county Buffalo - state Pennsylvania - state New Jersey - state Delaware - state North Carolina - state Maryland - state Indiana - state Rhode Island
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Canadian Food Inspection Agency warns of spotted lanternfly pest nears border
Canadian Food Inspection Agency is asking Canadians to keep an eye out for an invasive bug that could spell disaster for the country’s wineries and fruit growers.The spotted lanternfly is a pest native to China that has been making inroads in the United States since 2014.Thus far, the small grey-and-red insect with spotted wings has not been found alive in Canada. Avian flu outbreaks confirmed on B.C., Alberta farms after brief pause in cases But in early September, hundreds of adults were found in a residential area in Buffalo, N.Y., just 45 km away from the Canadian border.The reports set off alarms at the CFIA, which in a tweet last week asked Canadians to report any sightings of the pest on this side of the border “immediately.”The insect feeds on sap, mainly from fruit trees, and can cause serious harm to orchards and vineyards.“We’re becoming more and more concerned about the proximity to Canada, and particularly our grape-growing industries, because this is a pest that has had significant impacts on the grape and fruit industry in the United States,” said Diana Mooij, a specialist in the invasive alien species program within the CFIA.The first North American sighting of the pest was in Pennsylvania in 2014, and since then, a tracking program monitored by Cornell University has documented the pest in 14 U.S.
Sri Lankans - EXCLUSIVE: USAID announces US$40 million for Sri Lankan farmers - newsfirst.lk - Usa - Sri Lanka - state Indiana - county Power
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EXCLUSIVE: USAID announces US$40 million for Sri Lankan farmers
Newsfirst.lk on Saturday, September 10, 2022 COLOMBO (News 1st); USAID Administrator Samantha Power, who is currently on a two-day visit, said that USD 40 million will be granted to the farmers of Sri Lanka from the people of USA, in order to assist 1 million farmers in Sri Lanka.She said this new funding is expected to help farmers to obtain the agricultural necessities and fertilizer they need in time for the next harvesting season, and will also help to provide for their families and communities.The USAID Administrator is due to meet with government officials, private sector representatives, as well as farmers and other Sri Lankans most impacted by the complex emergency to discuss how their lives have been affected by the current crisis.She also met with farmers in Ja-Ela and discussed the hardships which they faced.Pointing out that the USA has a history of working with the Sri Lankan people to spur economic development to support the resilience of Sri Lankans, Administrator Power said that it had become a difficult time for farmers to continue their livelihood. Citing a World Food Program report about food insecurity in Sri Lanka, Administrator Power said that it is a consequence of the economic crisis in the country.She also emphasized that the USA stands by Sri Lankans at this time of vulnerability, and looks foward to meeting more representatives within the two day visit.Administrator Power is also due to meet with parliamentary leaders representing various parties to learn their views on how to address the economic and political crises in Sri Lanka.During her visit, the Administrator will highlight the United States’ enduring support for the people of Sri Lanka and discuss issues related to food security, fuel
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