Sri Lanka has received the US$800 million International Monetary Fund’s IMF Special Drawing Rights (SDR) allocation and another $300 million from China Development Bank to improve liquidity and boost foreign reserves, a Finance Ministry official said on Tuesday.
The IMF facility was due on August 27 but it was slightly delayed due to procedural issue, the senior Finance Ministry official told the Times Online adding that this has provided some breathing space for the country to stabilise the forex market.
The new SDR allocation has been disbursed unconditionally by the IMF, to all members that participate in the SDR Department according to their quota shares. Sri Lanka’s quota share is 0.12 percent, he disclosed. (BS)
The Judicial Service Commission (JSC) has interdicted Colombo Fort Magistrate Kosala Senadheera.
Mr. Ali Sabri Rahim, a Member of Parliament (MP) for Puttalam District whom an open warrant had been issued, attended a public ceremony at Al Aksha National School in Kalpitiya today (16) as the special guest of honor.
The Supreme Court today refused interim relief in an application filed by President’s Counsel Senaka Walgampaya seeking an Order from the Supreme Court compelling the President to appoint judges to fill the existing vacancies in the Court Of Appeal.
The deadline for online applications to the 2024 G.C.E. Advanced Level (A/L) Examination has been extended until July 12, the Department of Examinations said.
Gazette on new speed limit regulations to be issued within two weeks
Cabinet has approved a proposed amendment to the Constitution that a referendum would be required to extend the Presidential and Parliamentary term beyond five years.
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