- Last Update 2025-03-14 18:21:00
IMF not expected to discuss Sri Lanka before year-end-sources
LONDON, Dec 13 (Reuters) - The executive board of the International Monetary Fund is not expected to formally approve Sri Lanka's $2.9 billion bailout before year-end, a key step required for the embattled country to receive funding, two sources familiar with the matter said.
Seeking a way out of its worst economic crisis in decades, Sri Lanka reached an IMF staff-level agreement in June with the deal subject to approval and contingent on Sri Lanka authorities following through with previously agreed measures.
Sri Lanka said in September it expected the board to approve the deal by year-end. Progress has been slow in recent months, and Sri Lanka's finance minister acknowledged last month the request might extend into January.
Sri Lanka has to secure prior financing assurances from creditors, put its heavy debt burden on a sustainable path and increase public revenue before the global lender will disburse the funds. The IMF stressed the importance of joint talks involving three of Sri Lanka's main bilateral creditors - China, Japan and India.-By Jorgelina Do Rosario
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- March 11, 2025 - 1614 - 0
Rapist of lady doctor at Anuradhapura identified as army deserter, parliament told
Public Security Minister Ananda Wijepala told Parliament today that the suspect in the rape of a lady doctor at the Anuradhapura teaching hospital has been identified as an army deserter and he will be apprehended shortly.
- March 12, 2025 - 552 - 0
Suspect involved in sexual assault of Anuradhapura doctor arrested
Police have arrested the suspect connected to the sexual assault on a female doctor at the Anuradhapura Teaching Hospital today morning in Galnewa.
- March 11, 2025 - 371 - 0
Dutch authorities investigate companies suspected of paying bribes for Sri Lanka hospital projects
The Dutch Public Prosecutor suspects two companies of paying bribes in the construction of hospitals in Sri Lanka, according to an investigation by FD, the Dutch financial newspaper.
- March 6, 2025 - 320 - 0
Budget 2025: No plans to further revise public sector salaries and allowances
- March 8, 2025 - 233 - 0
Internationally funded projects only on Govt-to-Govt basis in future
The Minister of Power, Kumara Jayakody, stated that in the future, internationally funded projects, such as power projects, will only be carried out through government-to-government (G2G) agreements and competitive procurement.
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