China reports China

SL Debt: All eyes are on China & what they have offered is not enough, says Nuland

Reading now: 239
www.newsfirst.lk

 – News 1st's Naveksha Gunasekera contributed to this report.

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

Teacher's TikTok plea helps clear thousands of dollars in school lunch debt - fox29.com - state Utah
fox29.com
91%
317
Teacher's TikTok plea helps clear thousands of dollars in school lunch debt
HEBER CITY, Utah - A Utah middle school teacher has used the power of TikTok trends to raise more than $31,000 for students who owe lunch debt in his district.Garrett Jones, who teaches seventh and eighth graders in Heber City, Utah, said it all started when he noticed the TikTok trend of people saying, "If someone would Venmo me a dollar I could ________.""A lot of it was like, ‘pay for my wedding,' ‘take my kids to Disneyland,' ‘take six months off of work,'" he told FOX TV Stations in an interview. READ MORE: Family raises over $250,000 for pizza delivery worker who fell on their porchJones, however, asked his followers for $1 donations to pay the outstanding lunch fees for every student at his school, "because the last thing a kid should be worrying about is how much they owe for meals at a place they’re legally obligated to be," his video said."I kind of did it as a joke at first. I just thought it would be cool to put a more meaningful or positive spin on that trend," Jones recalled.When he first had the idea, Jones thought he could raise "$200 or $300 and maybe be able to help a couple of students.""I’d be thrilled with that, just helping a couple," he said.Rocky Mountain Middle School teacher Garrett Jones and his broadcasting class (Garrett Jones) But Jones’ plea resonated with people — by the thousands — and quickly took off.
Jakub Porzycki - Instacart delivers after twin daughters almost make an $800 purchase - fox29.com - Australia
fox29.com
61%
902
Instacart delivers after twin daughters almost make an $800 purchase
FILE - In this photo illustration, the logo of the food and grocery delivery app Instacart seen displayed on a smartphone screen and on a laptop. (Photo Illustration by Davide Bonaldo/SOPA Images/LightRocket via Getty Images) A pair of 6-year-old twins almost ordered $800 worth of snacks on a retail app that offers grocery delivery and pickup services.Jessica Aiwuyor shared her experience on Twitter of her twin daughters, Efosa and Esosa, almost purchasing a snack run with a subtotal of $757.57, according to Today."My six-year-old twins almost purchased close to $800 worth of snacks using my Instacart app," the surprised mother tweeted.The twins added a number of food and drink items to their cart including 35 boxes of Capri Sun Fruit Punch—which alone was worth over $300—Smartfood popcorn, and 28 bags of chips, including Lay’s Barbecue, Sour Cream and Doritos.AMAZON SELLING PRODUCTS CONTAINING DONKEY MEAT: LAWSUITThe girl's snack plans were foiled when attempting to navigate through checkout."They almost completed the purchase but couldn’t figure out the last few steps," Aiwuyor continued, writing, "I serve a living God!"AUSTRALIAN TOURIST ON BALI VACATION HAS 'MINI PANIC ATTACK' OVER RESTAURANT BILL: 'VERY COSTLY MISTAKE'The event stirred warm responses from Twitter users that sympathized with the child epicures."The babies went off on the Capri Suns and I understand!!!" wrote one Twitter user.FILE - Instacart logo is seen displayed on a phone screen.
Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring - newsfirst.lk - India - Sri Lanka - state Indiana
newsfirst.lk
95%
403
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
Paris Club to give Sri Lanka financing assurances amid IMF debt talks - newsfirst.lk - China - city Beijing - India - Sri Lanka
newsfirst.lk
41%
158
Paris Club to give Sri Lanka financing assurances amid IMF debt talks
(Reuters) – The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to "soon" announce its support to the crisis-hit nation on a debt overhaul, said one of the people, who asked not to be named because talks are private.The Asian island nation, which is grappling with soaring inflation, a recession and currency depreciation, entered into a staff level agreement with the IMF last September.But it needs financing assurances from key bilateral lenders before the fund's executive board approves the programme.Sri Lanka's public debt stood at 122% of GDP, of which 70% is denominated in foreign currency, according to data in a country presentation to investors in November.China and India, both non-Paris Club members, are the top bilateral lenders. "Paris Club assurance is not reliant on China," said the source.Another source said the informal group is currently reaching out to other non-Paris Club besides China on financing assurances, but did not provide any further details.India previously committed to help ease the debt burden of neighbour Sri Lanka as part of the IMF programme, and China's Eximbank offered a two-year moratorium in a letter sent to the island nation in January.While the IMF has not yet provided any guidance on where the lender stands regarding China's assurances to Sri Lanka, a U.S.
CPC warns of financial issues as fuel is supplied on credit to CEB - newsfirst.lk - China - Sri Lanka - county Petroleum
newsfirst.lk
47%
931
CPC warns of financial issues as fuel is supplied on credit to CEB
COLOMBO (News 1st) – Sri Lanka's Human Rights Commission has received a letter bearing the signature of the Managing Director of the Ceylon Petroleum Corporation stating that the present financial situation at the CPC could lead to a disruption of operations at the country's oil refinery.The letter noted that the CPC is heading towards a situation where future fuel imports will be in jeopardy as fuel is continuously provided on credit.The letter from the CPC Managing Director warns that this could lead to another fuel crisis in the country.The letter bearing the signature of the Managing Director of the Ceylon Petroleum Corporation states that it is paramount to ensure the continuous operation of the country's oil refinery when providing a continuous supply of fuel.It noted that though the CPC can provide furnace oil and naphtha to the Ceylon Electricity Board at a cost that is less than what is incurred when importing fuel, an issue is likely to arise in importing new stocks of crude oil and refined petroleum products as the existing stocks are provided on credit, despite the CEB still not settling its dues. The Managing Director of the Ceylon Petroleum Corporation states that several rounds of discussions revealed that the Ceylon Electricity Board does not have the funds to procure the fuel.It notes that despite the difficulties experienced, as the supply of electricity is a national requirement, fuel worth Rs.
DMCA