Connect with us

News

IMF Insists on creditor assurances to unlock SL bailout

Published

on

Sri Lanka still needs adequate assurances from other bilateral creditors for its program to be approved, the International Monetary Fund said, after Paris Club lenders said they will re-structure debt.

“We welcome the recent statement by the Paris Club to provide financing assurances to Sri Lanka following the assurances provided by India,” an IMF spokesperson said.

“Sri Lanka continues to engage with official bilateral creditors to obtain financing assurances and also continues to advance domestic reforms,” an IMF spokesperson has said in a statement on the progress of its Extended Fund Facility to the South Asian nation.

“As soon as adequate assurances are obtained and remaining requirements are met, including by the Sri Lankan authorities, the EFF arrangement for Sri Lanka can be presented to the IMF’s Executive Board for approval.”

The Paris Club and India have provided formal support to the multilateral lender for the loan recast, while has offered term extensions, urging others to adopt a similar approach.

Sri Lanka has about $50 billion in foreign currency debt, of which about $10 billion is mainly split between China, Japan and India, according to government data as of December.

(Excerpts : Bloomberg.com)

News

Easter Sunday bombings : Rs. 295 mn. paid as compensation

Published

on

By

The annual reports of the Office of Reparations have revealed that over Rs. 295 million (295,499,069) have been paid as compensation to victims and property damage of the Sunday Easter bombings.

Under this, Rs. 273,747,000  have been paid as compensation for 719 victims while Rs. 21,752,069 have been paid as compensation for property damages.

Continue Reading

News

350 medical specialists have left SL

Published

on

By

A study conducted by a group of specialist doctors at the Ministry of Health has revealed that 350 specialists have left the country during recent times.

Many of them have left for countries such as UK and Australia. According to a spokesperson of the ministry, economic hardships have been cited as one of the main reasons for them to do so.
Doctors suggest that the government should provide an immediate solution to this issue.

Commenting on the issue, Secretary of the Health Ministry – Dr. Palitha Mahipala says that there is still a shortage of anesthetists and pediatricians after most of them had left the country.

However, some who have gone for training, are returning after their training is complete, he adds.

Meanwhile, sources in the Health sector also say that over 200 nurses too have gone overseas, but new recruits have enabled to prevent hospital operations from continuing without hindrance.

(Source : Lankadeepa)

Continue Reading

News

Details of SL recruits in Russian military, sought

Published

on

By

Sri Lanka has sought a report from Russian authorities on details of Sri Lankan military recruits and how many of them have died during the Russian-Ukraine conflict, the ‘Aruna’ newspaper reports.

According to a directive by the Ministry of Foreign Affairs of Sri Lanka, the Sri Lankan Embassy in Russia has forwarded this request to the Russian Ministry of Defence.

Previously, the Human Trafficking, Human Smuggling and Maritime Crime Investigation Division (CID) arrested a retired major and an employment agent, identified as leaders of an organized scheme that recruited retired military personnel as mercenaries for the Russian army.

The Defence Ministry in Sri Lanka has urged the Tri Force commanders to brief Tri Force personnel not to fall for such rackets.

(Source : Aruna)

Related News :

Retired Major & agent arrested for recruiting SL mercenaries for Russian Army

Continue Reading

Trending

Copyright © 2024 Sri Lanka Mirror. All Rights Reserved