Ranil Wickremesinghe China India Sri Lanka Germany Ethiopia Chad Zambia crisis Provident Progressive Ranil Wickremesinghe China India Sri Lanka Germany Ethiopia Chad Zambia

Sri Lanka: Prime Minister welcomes G7 announcement on debt relief

Reading now: 958
www.newsfirst.lk

COLOMBO (News 1st); Sri Lankan Prime Minister Ranil Wickremesinghe has welcomed the announcement by G7 countries that they will assist Sri Lanka in securing debt relief.

In a tweet, Wickremesinghe said the continued engagement by the international community with Sri Lanka is key to overcoming the economic crisis.

The Group of Seven economic powers support efforts to provide debt relief for Sri Lanka, G7 finance chiefs said on Thursday in a draft communique from a meeting in Germany after the country defaulted on its sovereign debt.The once-booming island country has suspended debt payments as it grapples with its worst economic crisis since it won independence in 1948, facing shortages of essential goods that have triggered social unrest.G7 countries said in their statement they were committed to finding long-term solutions for the Indian Ocean nation and urged it to “negotiate constructively” with the International Monetary Fund on a potential loan programme.“The G7 stands ready to support the Paris Club’s efforts, in line with its principles, to address the need for a debt treatment for Sri Lanka,” they said, referring to the group of mostly rich creditor nations.The draft statement, which is to be finalised before the end the G7 finance ministers’ meeting on Friday, also called on other big creditor nations not in the Paris Club to coordinate with the group and urged them to provide debt relief on comparable terms.G7 finance chiefs also singled out China, which has become a major creditor to low-income countries, to actively contribute to debt relief for such countries.Chad, Ethiopia and Zambia have so far sought debt relief under a new G20 common framework, but progress has so far been slow with some officials.

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

Airlines - Flair is Canadian, but ‘not perfect,’ CEO admits. What’s next for the airline? - globalnews.ca
globalnews.ca
50%
988
Flair is Canadian, but ‘not perfect,’ CEO admits. What’s next for the airline?
Flair Airlines’ CEO says he’s confident his ultra-low-cost airline is ready to take advantage of the summer travel boom after satisfying regulators that it’s Canadian enough to fly.But even as its chief executive concedes to Global News there’s room for improvement, analysts say headwinds facing the aviation industry like soaring fuel prices could actually bode well for the embattled airline.Flair spent much of the spring season trying to prove that the Edmonton-based airline was Canadian enough after the country’s transportation watchdog said in an initial ruling on March 3 that it might be in violation of rules limiting foreign ownership.But after Flair overhauled its board of directors and made a series of governance changes to limit the influence of one of its major U.S.-based investors, the Canadian Transportation Agency (CTA) ruled on June 1 that the airline indeed met the letter of the law to keep flying.“Flair is a Canadian airline, full stop,” CEO Stephen Jones told Global News in an interview this week.While the CTA’s final ruling landed in Flair’s favour, the agency confirmed to Global News on multiple occasions that if its review found Flair did not meet the standards of Canadian ownership, its licences to fly would be revoked.That led to uncertainty in the eyes of some analysts and consumers as to whether Flair would be able to fulfill bookings for summer travel.While he maintains Flair’s Canadian status was not in doubt internally, Jones said the months of speculation opened the door for the airline’s competitors to cast aspersions.“I think that our competitors made some good use of the fact that the questions were being raised.
Shirley Ballas - Strictly judge Shirley Ballas, 61, bids 'difficult farewell' as she issues health update - express.co.uk - city London
express.co.uk
87%
984
Strictly judge Shirley Ballas, 61, bids 'difficult farewell' as she issues health update
Shirley Ballas, 61, has bid a “difficult” farewell to Jason Vale, who also goes by ‘The Juice Master’, after he helped her work through her “health situation”.The Strictly Come Dancing judge gave fans an update on her health on her Instagram story today.  Shirley took to Instagram to share her experience at the Juice Master Retreats in view of her 235,000 followers. “Saying goodbye to this beautiful soul was difficult,” she captioned a picture of herself and Jason smiling as they posed with pretend Strictly judging paddles. “But I feel he’s helped my health situation 100 percent."She then went on to express her “huge gratitude” for Jason and Juice Master Retreats. Juice Master Retreats are Jason’s yoga and fitness retreats, helping guests to relax, recharge and rejuvenate over seven days. Jason is a best-selling author of 16 books on health, addiction and the health practice of juicing.Earlier on, Shirley shared a video to her Instagram story, where she gushed about what a wonderful week she had experienced at the retreat.“So, seven days completed here at the Juicy Oasis with Jason Vale,” she said.“I have to say goodbye now - beautiful view. “Wish I was staying another week but, hey ho,” she continued. “Feeling great - what an experience!”She also shared a clip of herself and Jason dancing with the rest of the group at the retreat with the caption: “What a week Jason Vale you have those moves.” (sic)Shirley’s news that her health situation is much improved comes after her announcement earlier this year that she had to go to the doctors about her shoulder following a cancer scare.In February, she took to social media to reveal that she had to take a day off from the Strictly tour to visit a hospital in London. Last year,
Ranil Wickremesinghe - Distribute 60% of daily gas output to Colombo & Gampaha; COPE recommends to Litro - newsfirst.lk - India - Sri Lanka
newsfirst.lk
54%
428
Distribute 60% of daily gas output to Colombo & Gampaha; COPE recommends to Litro
COLOMBO (News 1st); The Committee on Public Enterprises (COPE) has recommended that Litro distribute 60% of its daily output of LP Gas Cylinders to the Colombo and Gampaha Districts.The large population and limited access to alternatives were cited as reasons for the recommendation, a statement noted on Friday.The management of Litro Gas Lanka Ltd has been summoned before the Committee on Public Enterprises (COPE) on Friday (20) to inquire into the current gas shortage and related solutions.While expressing views in Parliament on Thursday (19) on the need to expedite the gas distribution process Prime Minister Ranil Wickremesinghe instructed to summon the Litro Gas before the COPE to look into the matter.Chairman of Litro Eng. Vijitha Herath told COPE that there is a shortage of 3.5 Million gas cylinders in the local markets, and from two gas tankers that reached the country 80,000 gas cylinders are being distributed daily via a network of 42 Chief distributors and Sub-agents.He said the inclement weather made it difficult to connect the buoy in Muthurajawela, and thus the vessel was moved to the Colombo Port resulting in a delay in the distribution process.The Litro Chairman also said that USD 160 Million from the Indian Credit Line was allocated for gas purchases, and Litro will be using USD 120 Million of that amount.He said another USD 80 Million will be available from the World Bank, and that will be used for Term Tender purchases of LP Gas.COPE had recommended the Chairman of Sri Lanka Insurance Corporation, and the Finance Secretary explore the possibility of using SLIC reserves to provide financial support to Litro, considering the fact that Litro comes under the purview of SLIC.
DMCA