OSLO - The International Monetary Fund (IMF) said this week that Sri Lanka’s financial situation hasn’t improved as fast as expected and the Fund was reconsidering (restructuring) its Stand By Arrangement (SBA) programme to help put the economy back on track.
A key development this week where the Ministry of Ports and Aviation and the Sri Lanka Ports Authority issued a Letter of Intent (LoI) to a consortium comprising the China Merchant Holdings International and Aitken Spence Plc to construct and develop the South Container terminal of the Colombo Port was done sans any media or photographers.
