With the Official Creditor Committee of its bilateral lenders in Paris, France, Sri Lanka has finalized a restructuring arrangement for USD 5.8 billion of debt.
On “X” (formerly Twitter), State Minister of Finance Shehan Semasinghe declared that a definitive debt restructuring agreement had been struck between Sri Lanka and the Official Creditor Committee.
Sri Lanka and the Export-Import (EXIM) Bank of China are currently in the process of establishing bilateral debt treatment agreements, according to the State Minister Semasinghe.
Meanwhile, the President’s Media Division (PMD) claims that there is a substantial debt reduction provided by this agreement with bilateral lenders.
According to the PMD, this agreement also enables Sri Lanka to set aside funds for basic public services and obtain concessional loans for its needs in terms of development.
I still remember the day of August 1947 floods, as it was the last school day at Kingswood College Kandy and the height the water soured. Water rose to the height of the Cross of the Chrurch at Getambe and the water was so high that it engulfed the Getambe Rajaponawarma Temple leaving only a few leaves of the Bo-tree visible.
The Colombo Additional Magistrate has ordered the Criminal Investigations Department (CID) to investigate and submit a report over a complaint about the alleged illegal assets gained by model Piumi Hansamali.
Heritage properties are major tourist attractions world over. Sri Lanka is no exception in this matter. From Colombo, Galle, most of the mountain cities including Nuwara Eliya, Bandarawela, Hatton and Kandy and in the North, hundreds of heritage properties are spread across.
The Colombo High Court today (28) sentenced former parliamentarian Hirunika Premachandra to three years of Rigorous Imprisonment over charges of the involvement of an abduction.
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