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 ).
A Sri Lankan man was apprehended at Suvarnabhumi airport for attempting to smuggle wildlife out of the country after three ball pythons were found hidden in his underwear, the Bangkok post reported.
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.
Read these and more on tomorrow’s edition of the Sunday Times
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