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 Committee on High Posts has approved the nomination of Former Air Force Commander Air Chief Marshal (Retd.)
Former Chairman of SriLankan Airlines, Nishantha Wickramasinghe, arrested on allegation of corruption by the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) has been remanded until July 1 by the Colombo Magistrate court.
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.
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