Connect with us

News

Agreement with private creditors, China Exim bank before IMF meeting

Published

on

The Government has announced that it will sign Memorandums of Understanding (MoUs) with the Paris Club and the Export-Import Bank of China (EXIM Bank) to restructure the country’s debt before the end of the International Monetary Fund (IMF) Executive Board meeting.

State Minister of Finance Shehan Semasinghe told the Daily News that Sri Lanka will make every effort to reach an agreement with the official creditor committee of the Paris Club and the Export-Import Bank of China on debt restructuring, and will sign the MoUs once an agreement is reached.

He emphasised that the IMF Board of Directors will promptly review Sri Lanka’s Extended Funding Facility (EFF)arrangements, and Sri Lanka is expected to sign the MoUs before that review.

The Minister stated that following this review, US$ 330 million in funds will be released to Sri Lanka by IMF. This amount represents the third installment of the extended loan programme provided to Sri Lanka by the IMF.

He also expressed confidence that the restructuring process with bilateral creditors will be completed very soon.

(dailynews.lk)

 (This story, originally published by dailynews.lk has not been edited by SLM staff)

News

President meets TMVP Leader Pillaiyan

Published

on

By

President Ranil Wickremesinghe has symbolically distributed freehold deeds to 192 individuals from 13 divisional secretariat divisions in the Batticaloa District. 

This distribution is part of the ‘Urumaya’ freehold deeds program, which aims to provide freehold deeds to 27,595 qualified families in the district, according to the President’s Media Division (PMD).

The ‘Urumaya’ national program is set to grant 2 million freehold land deeds to people across the island, enhancing property rights and security for numerous families.

Following the distribution ceremony, President Wickremesinghe met with TMVP Leader Sivanesathurai Chandrakanthan, also known as Pillaiyan, and party members at their headquarters. 

During this meeting, the TMVP leader expressed his support for the President and confirmed his party’s backing in the upcoming presidential election.

Continue Reading

News

Deadline for NIC applications extended to June 30

Published

on

By

The Department for Registration of Persons (DRP) has extended the deadline for individuals over 40 years old to apply for National Identity Cards (NICs) to June 30, 2024. 

Commissioner General of the department Pradeep Saputhanthri stated that the deadline for these applications has been extended to June 30. Originally, the deadline was set for March 31.

This extension was granted in response to requests from Divisional Secretaries, according to the department.

Continue Reading

News

Highlights from the 16th Nationalised Services Cricket Awards

Published

on

By

The 16th Nationalised Services Award, organized by the Nationalised Services Cricket Association (NSCA), took place in Colombo. 

State Minister for Sports Rohana Dissanayake and Sri Lanka Cricket President Shammi Silva chaired the event. 

NSCA Chairman Nalin Aponsu and members of semi-state and bank cricket teams attended. 

Awards were presented to teams that participated and won national service cricket tournaments from 2018 to 2024. 

Watch the special moments in the

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved