(Bloomberg) Sri Lanka’s debt negotiations with China and India “are successful,” according to President Ranil Wickremesinghe, bringing the bankrupt nation closer to clearing a major hurdle to unlock $2.9 billion from the International Monetary Fund.
The nation’s president, who doubles as finance minister, spoke before the parliament Tuesday, without providing details. Before that, a person with knowledge of the matter told Bloomberg News that India formally notified that it would support Sri Lanka’s debt restructuring plan late Monday.
Sri Lanka still needs similar assurances from China, Japan and so-called Paris Club members before the IMF board can approve the loan program. Sri Lanka concluded debt restructuring talks with Japan, Wickremesinghe said last week, without sharing details.
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.
The final rites of veteran broadcaster, writer, and lyricist Nirmala de Alwis will be held today at Peradeniya.
Leave Comments