The International Monetary Fund (IMF) has put forward some conditions to grant a bail out facility requested by the Sri Lanka government, official sources said.
A senior official of the Treasury told the Sunday Times online that Sri Lankan government is considering the conditions made by the IMF for a Fund supported programme as one option to address the balance of payment issues faced by the country
He noted that the IMF representatives have brought to the notice of the Finance Ministry at meeting held in Colombo recently that their bailout package would be worked out following he assessment of macroeconomic vulnerabilities, the nature and size of balance of payments needs, and Government policies to address those vulnerabilities.
A technical mission to Sri Lanka to review recent developments and options for reducing the size of Sri Lanka’s 2016 budget deficit concluded recently.(Bandula ).
Former President Mahinda Rajapaksa is due to vacate his official residence at Wijerama Mawatha, Colombo this morning, a Sri Lanka Podujana Peramuna (SLPP) source said.
The Presidents’ Entitlements (Repeal) Bill was passed by a majority of 150 in parliament today. However the opposition MP’s were absent during the voting.
President Anura Kumara Dissanayake today warned that Ceylon Electricity Board Employees would have to make a choice in the next two months.
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