Sri Lanka’s economic (GDP) growth in Sri Lanka is expected to ‘decelerate’ by around 1.5 per cent in 2020 from a growth of 2.3 per cent in 2019, before the economy recovers to attain its envisaged potential over the medium term, according to the Central Bank.
The bank in a section titled “COVID-19 and Sri Lanka: Challenges, Policy Responses and Outlook” contained in the CB annual report for 2019 released on Tuesday said that “through various direct and indirect channels, including the ongoing diversion of additional financial resources to support economic activity, the COVID-19 pandemic will adversely impact the progress of the economy during the year, contrary to previous expectations of a rebound in economic growth”.
Tamar Amitai, a 25-year-old Israeli tourist who went missing in Uppuveli, Trincomalee, was found safe after a three-day joint search operation today.
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.
In his special statement, President Ranil Wickremesinghe announced that debt restructuring agreements will postpone all bilateral loan payments to foreign countries until 2028. Additionally, Sri Lanka will have until 2043 to repay these loans on concessional terms.
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