Nandalal Weerasinghe Sri Lanka Government Cooper Assurant Nandalal Weerasinghe Sri Lanka

(Video) Sri Lanka hopeful for 1st IMF tranche before end of 2022 – Governor

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COLOMBO (News 1st) – Sri Lanka is hopeful that the first tranche of the IMF disbursement will be available before the end of 2022, but it depends on cooperation from the creditors and assurances, revealed Central Bank Governor Dr.

Nandalal Weerasinghe on Friday (23). He was speaking in an update to creditors forum organized by Clifford Chance and Lazard, the eavyweight financial and legal advisers selected by Sri Lanka for its debt restructuring process.Expected timeline for the Debt Restructuring Process: Central Bank Governor Dr.

Nandalal Weerasinghe on Friday (23)  said that the perimeter of Sri Lanka's debt exercise is still being considered, with the assistance of Clifford Chance and Lazard, while the issue of domestic debt is being looked at very carefully given the impact it may have on the stability of Sri Lanka's banking sector, and the over all macro fiscal framework.Noting that political reform was not a requirement from the IMF for the assistance, the Governor went on to note that there were two key elements noted in the program, addressing corruption vulnerabilities and medium-long term growth reforms.The Central Bank Governor said that before the IMF program is in place, Sri Lanka must obtain financial assurances from bilateral creditors, and on the SOE debt is under consideration for the restructuring process as well."We are in discussion with the IMF on how best we can deal with government guarunteed SOE debt.

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Los Angeles Unified School District, officials confirmed Sunday.The data was released Saturday -- two days before a deadline previously given by the hackers -- in an apparent response to LAUSD Superintendent Alberto Carvalho's stated refusal to pay ransom to an international hacking syndicate, the Los Angeles Times reported.The newspaper said it reviewed screenshots from the hack that appeared to show some Social Security numbers, but the full extent of the release was not clear.District spokeswoman Shannon Haber would not confirm the release when reached by City News Service on Sunday.The group claiming responsibility for the cyberattack had set a Monday deadline for the district to pay a ransom to the organization.In a dark web post detected and reprinted by Brett Callow of the cybersecurity firm Emsisoft, the hacking syndicate Vice Society listed the LAUSD as one of "our partners," and stated, "The papers will be published by London time on October 4, 2022 at 12:00 a.m."The post did not give any indication about what information had been obtained or what would be published.Carvalho previously acknowledged that the district received a ransom demand from the group responsible for the Labor Day weekend hack -- which he declined to name."We can acknowledge ... that there has been communication from this actor (hacker) and we have been responsive without engaging in any type of negotiations," he told reporters.
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