Global growth continues broadly but risks are rising for developing economies with higher oil prices, rising interest rates, high debt levels and the threat of trade war as top concerns,” said Sri Lanka Finance Minister Mangala Samaraweera who is also the Chairman of the G-24.
He urged major powers to reform and reinforces rather than discard the rules-based global trading system.
Concern over rising risks to emerging market economies took centre stage this week as global Finance Ministers and Central Bank Governors in Bali, Indonesia. Minister Samaraweera was speaking at this meeting.
Bali hosted both the biannual Ministerial Meeting of the Group of 24 (G-24) developing countries and the annual meetings of the International Monetary Fund and World Bank Group officials. (Bandula)
A Thai woman walking topless in Arugam Bay town has been arrested by the Police.
The UK government has unveiled a package of reforms to simplify imports from developing countries which allows for more garments manufactured in Sri Lanka to enter the UK tariff-free.
The Cabinet has approved a proposal for Sri Lankans overseas to apply for their passports through an online system via the Lankan diplomatic missions.
Ajith Gallage, the owner of a Bird Park in Nagarawawa, Hambantota, has been remanded over allegations of concealing illegally imported motorcycles, in a warehouse owned by him.
A passenger attempting to smuggle the largest quantity of gold of 35 kilo grams was arrested by the Customs at the Bandaranaike International Airport (BIA) today, a senior official said.
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