Usa Sri Lanka Bangladesh Usa Sri Lanka Bangladesh

Sri Lanka seeking another US $ 250 Mn swap from Bangladesh

Reading now: 112
www.newsfirst.lk

COLOMBO (News 1st); Sri Lanka is negotiating for another 250 million US dollar SWAP from Bangladesh.This was confirmed to News 1st by Bangladesh Foreign Minister A.K.

Abdul Momen on Tuesday (29), following the Foreign Ministers’ meeting of the BIMSTEC Summit.He said that Bangladesh was considering this request.

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

Ali Sabry - IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes - newsfirst.lk - India - Sri Lanka - Washington
newsfirst.lk
73%
870
IMF urges Sri Lanka to tighten monetary policy, raise tax to address debt woes
(Reuters) – Sri Lanka must tighten monetary policy, raise tax and adopt flexible exchange rates to address its debt crisis, a senior International Monetary Fund (IMF) official said on Tuesday.The country of 22 million people has requested loans from the IMF as it struggles to pay for imports amid crushing debt and a sharp drop in foreign exchange reserves that has fueled soaring inflation.“We’ve had very good, fruitful, technical discussions on preparations for the negotiations with authorities over the past weekend and couple of days before,” said Anne-Marie Gulde-Wolf, acting director of the IMF’s Asia and Pacific Department, speaking at an online news conference.Sri Lankan Finance Minister Ali Sabry was in Washington last week to talk to the IMF, the World Bank, India and others about financing help for his country, which has suspended payments on portions of its $51 billion in external debt.“The requirement for fund lending will be progress toward debt sustainability,” Gulde-Wolf said, calling on Sri Lanka for measures to increase tax revenues to address critical spending needs.“Monetary policy has to be tightened to keep inflation in check,” she said. “We see a need for flexible exchange rates.”Gulde-Wolf did not reply to a question on the total value for any IMF package, nor the estimated timing of a conclusion to the negotiations with Sri Lanka.
DMCA