Aluth Parlimenthuwa | 15 MARCH 2023

Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe s office said on March 20, 2023 on the eve of a desperately needed $2.9 billion IMF bailout. MORE..

20 Mar 2023 (10:51 PM)

President Ranil Wickremesinghe is scheduled to make a special statement to the nation today (21) regarding the IMF Executive Board s approval for Sri Lanka s request for an extended arrangement under the Extended Fund Facility (EFF). MORE..

21 Mar 2023 (9:20 AM)

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced. MORE..

21 Mar 2023 (12:34 AM)

Philadelphia will pay $9.25 million to settle a class-action lawsuit brought by racial justice protesters who accused police of abusing them at a 2020 rally following the killing of George Floyd, the city said on Monday. MORE..

21 Mar 2023 (1:42 PM)

Sri Lanka, with the help of its legal and financial advisors, must present a debt restructuring strategy before the end of April 2023 in order to reach the International Monetary Fund s targets to achieve debt sustainability, Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka said today. MORE..

21 Mar 2023 (2:29 PM)

Police Special Task Force (STF) has arrested a woman who is said to be a major accomplice in the drug syndicate of "Ratmalane Devinda", who handles drug deals in Ratmalana, Mount Lavinia and Moratuwa areas from abroad. MORE..

21 Mar 2023 (12:46 PM)