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Bondholders Group prepared to engage with Sri Lanka on Debt Restructuring - newsfirst.lk - India - Sri Lanka - state Indiana
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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
Sri Lanka will remain a middle-income country despite GDP decline: IMF Asia & Pacific Dep. Director - newsfirst.lk - Sri Lanka - county Pacific
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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.
Rylan Clark - Man, 47, with 87-year-old girlfriend 'didn't realise he was dying' in health scare - dailystar.co.uk - Britain
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Man, 47, with 87-year-old girlfriend 'didn't realise he was dying' in health scare
cheeky bum pinching and kissing in the street. READ MORE: Couple with 40-year age gap defy trolls who doubted them by marking 17th anniversary And, having just celebrated their 17th wedding anniversary, the couple had a surprising response when they were asked if they were well on ITV’s This Morning programme.“I’m still in one piece, it’s a miracle,” Simon replied, before the pair explained that he had a kidney transplant nearly six years ago after an illness left him seriously ill.“It didn’t look like it might be [fine] at first, because I had to go on dialysis and I didn’t realise at the time that I was dying, I was going downhill fast.”Edna picked up the story, adding: “My son and I could see that he wasn’t going to make Christmas, and that was Easter.“But he seemed blissfully unaware of all that, so we left him unaware of that and he fell asleep more and more, he was drowning.”Thankfully, the 87 year-old then recalled how one night she had been upstairs watching murder mystery films when she had finally received the good news that the hospital had found a kidney donor match for her beloved partner.Having overcome the dramatic scenario, the defiant couple reflected on their journey together and suggested that they’d done better than a lot of marriages.To get more lifestyle stories from Daily Star delivered straight to your inbox sign up to one of our free newsletters here.“At the time I believe the British average was 28 months, so if you count that against 17 years, we’re pretty damned good,” Edna acknowledged.Presenting the show, Rylan Clark was clearly impressed with the elderly ladies’ attitude, and even joked about breaking up the relationship to steal her for himself.READ MORE: Couple still enjoy naughty
Luke Wilson - Met officer headbutts barman while flouting Covid rules in boozy attack caught on CCTV - dailystar.co.uk
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Met officer headbutts barman while flouting Covid rules in boozy attack caught on CCTV
Metropolitan Police officer who headbutted a cocktail bar manager after flouting the Covid "rule of six" has been spared jail.PC Luke Wilson, 28, attacked Johnny White while on a boozy night out in the City of London with colleagues from the Lewisham emergency response unit on July 2 last year.Wilson denied the offence but CCTV footage shows him headbutting the victim at Be At One cocktail bar in Monument.Mr White allowed the officers entry to the venue but told them they would have to be seated across different tables in line with the restrictions.Bar staff confronted the group of up to 25 off-duty colleagues for flouting the rules but were told to "lighten up", Westminster Magistrates' Court heard.CCTV shows that by 8pm, some of the group have started moving between tables which resulted in ten people sitting at one of the tables.The bar manager speaks to Wilson and explains that this isn't allowed.He then approaches the group of ten and explains four of them will have to move to another table.Wilson follows Mr White to the table but remains standing up.The footage shows Wilson squaring up to the victim and putting his face within a few inches of the victim's.Mr White steps backwards but the officer moves forward to close the gap between them, then headbutts him.The victim suffered minor injuries and Wilson denied the offence when he was interviewed the next day, claiming he had felt threatened.Wilson was shown CCTV footage of the victim standing with his hands in his back pockets and not appearing to be behaving aggressively towards him.The PC, of Gravesend, Kent, was convicted of common assault following an investigation by the City of London Police.He was sentenced to ten weeks imprisonment, suspended for 12 months,
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