Gotabaya Rajapaksa Sri Lanka Britain covid-19 pandemic crisis Gotabaya Rajapaksa Sri Lanka Britain

Sri Lanka to present debt restructuring, IMF bailout plans to creditors

Reading now: 427
www.newsfirst.lk

COLOMBO (News 1st) – Crisis-hit Sri Lanka will make a presentation to its international creditors on Friday (23), laying out the full extent of its economic troubles and plans for a debt restructuring and multi-billion dollar International Monetary Fund (IMF) bailout.Years of economic mismanagement combined with the COVID-19 pandemic have left Sri Lanka in its worst economic crisis since independence from Britain in 1948, causing it to default on its sovereign debt.The Sri Lanka Ministry of Finance said in a statement via legal firm Clifford Chance that an online call on Sept.

23 would be open to all its external creditors and be "an interactive session" in which participants can ask questions.Sri Lanka's woes came to a head in July when then-President Gotabaya Rajapaksa fled the country and resigned after violent public protests.His replacement Ranil Wickremesinghe has managed to reach a preliminary deal with the IMF that if formalized would provide the country with $2.9 billion in loans over four years..

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

20 most common Covid symptoms as cases surge by 30% across the UK - dailystar.co.uk - Britain
dailystar.co.uk
85%
308
20 most common Covid symptoms as cases surge by 30% across the UK
READ MORE: Will Liz Truss last longer than Daily Star's 60p lettuce takes new turn as bookies reactPreviously experienced ailments are not necessarily a good guide, as the various strange often present different symptoms.Here are the top 20 symptoms that Brits with Covid are currently experiencing and should watch out for, according to the ZOE Symptom Tracker:Sore throat - 63.55%Runny nose - 53.04%Headache - 53.02%Blocked nose - 52.47%Cough no phlegm - 52.06%Sneezing - 47.02%Cough with phlegm - 45.79%Hoarse voice - 43.86%Muscle pain aches - 29.46%Fatigue - 22.97%Dizzy light headed - 21.11%Altered smell - 19.82%Swollen neck glands - 17.72%Eye soreness - 16.41%Chest pain tightness - 16.26%Shortness of breath - 15.9%Loss of smell - 14.45%Earache - 13.96%Chills or shivers - 12.98%Joint pain shoulders - 11.08%On Friday, official data from the Office of National Statistics revealed that 1.7million Brits currently have the bug.That marked an increase from 1.3million last week.There are an additional 235,829 daily symptomatic cases according to figures from the team at ZOE.To stay up to date with all the latest news, make sure you sign up to one of our newsletters here.With testing no longer free, fewer people are seeking clarification as to whether their illness is Covid or not.With a sore throat being the most common symptom, there is a high chance that could represent a Covid infection – although without testing it is impossible to know and it could be a cold, flu, or even a rarer infection like laryngitis, tonsillitis, strep throat or glandular fever.Health chiefs have advised anyone feeling unwell with potential Covid symptoms to steer clear of elderly friends and relatives.Director of Public Health Programmes at the UK
Sri Lanka will remain a middle-income country despite GDP decline: IMF Asia & Pacific Dep. Director - newsfirst.lk - Sri Lanka - county Pacific
newsfirst.lk
79%
228
Sri Lanka will remain a middle-income country despite GDP decline: IMF Asia & Pacific Dep. Director
COLOMBO (News 1st) – The Deputy Director of the Asia and Pacific Department of the International Monetary Fund, Anne-Marie Gulde-Wolf has said that Sri Lanka will remain a middle-income country despite the decline in GDP.Speaking at an IMF press conference on the Asia and Pacific Region’s Economic Outlook, the Deputy Director of the Asia and Pacific Department of the IMF responded to questions raised about Sri Lanka's progress toward debt restructuring negotiation, the IMF's program timeline, and whether Sri Lanka could be downgraded to low-income status.She pointed out that it is difficult to predict a timeline because the process of debt negotiations takes time, and mentioned that timelines differ depending on who the creditors are and what is involved. "We certainly are supporting the process as much as we can. And we hope that everybody can work expeditiously to get a process underway, and discussions have started, including with support of all bilateral creditors that are involved," she said. Anne-Marie Gulde-Wolf further speaking noted that with regard to the other multilateral lenders, the IMF is working very closely with the World Bank, the Asian Development Bank, the Asian Investment Bank, on programs for Sri Lanka, which would assist in closing the financing gap. "But I want to say also very importantly that the policies under the other multilateral lenders in their areas of expertise will be important to resolve Sri Lanka's longer term growth problems," Anne-Marie Gulde-Wolf emphasized.
Ranil Wickremesinghe - Cast aside party politics and commit to addressing the country’s food crisis- President advises officials in Ampara - newsfirst.lk
newsfirst.lk
80%
857
Cast aside party politics and commit to addressing the country’s food crisis- President advises officials in Ampara
COLOMBO (News 1st) – President Ranil Wickremesinghe emphasized that all should join together to solve the people’s food issues, casting traditional party politics aside.The President made this observation addressing the public officers at an awareness program on the multi-sector mechanism to empower rural economic revitalization centers to ensure food security and nutrition at Hardy Advanced Technological Institute Auditorium in Ampara this morning (15).The President further noted that no one would be allowed to starve despite the fact that the country is going through a very difficult time and pointed out the importance of successfully implementing the national food production program to prepare for a possible global food crisis in 2023.The president also said that the agriculture modernization program would be implemented from next year concurrent to the food security program.The implementation of the multi-sector mechanism to empower rural economic revitalization centers to ensure food security and nutrition in transforming the Ampara District also into a prosperous one with a blooming community was also discussed at length.The Ampara district contributes 22 percent to the national paddy harvest and discussions were also focused on making the paddy cultivation in the Yala and Maha seasons a success.It was also special feature that the President paid special attention to the issues faced by the government officials during the field work. The president was made aware of issues related to the agriculture and fisheries industry in the Ampara district and he directed the officials to address those issues.
New controversial anti-corruption law: TISL calls for critical amendments - newsfirst.lk - Sri Lanka
newsfirst.lk
63%
244
New controversial anti-corruption law: TISL calls for critical amendments
COLOMBO (News 1st) – Transparency International Sri Lanka (TISL) called for critical amendments and public consultation on the proposed Anti-Corruption Law, which enables the creation of an independent commission that is empowered to carry out arrests without a warrant or a magisterial order.The controversial bill was introduced by the Ministry of Justice, and oversees the creation of an independent commission that is empowered to carry out arrests without a warrant or a magesterial order, for officials who are suspected to have carried out an offence under the proposed anti-corruption act. This law seeks to replace the Bribery Act, the Commission to Investigate Allegations of Bribery or Corruption Act and the Declaration of Assets and Liabilities law. According to the bill, any authorized officer of the Commission may without an order from a Magistrate and without a warrant arrest any person suspected of committing an offence under the provisions of this Act. Moreover, the section (58)1 of the proposed bill highlights that "an authorised officer of the Commission may apply in writing to the High Court for a warrant authorizing the covert monitoring of any conduct and recording of any communication if such officer has reasonable grounds to suspect or believe that a person has committed, is committing or is about to commit an offence under this Act."TISL notes that Sri Lanka does not lack laws to deal with bribery and corruption even at present, however the enforcement of the said laws remain inadequate. While the country is struggling to apply even the existing anti-corruption laws, the TISL seriously notes that the independence of any proposed anti-corruption body from the Executive could only be assured, if any
DMCA