Referring to reports which said that a special cabinet meeting has been summoned today to decide whether the government should seek IMF assistance to get out of the economic crisis, SJB MP Harsha de Silva said it is too late for it without a restructuring of debts. âRestructuring of debts is a must. Government should first announce a temporary suspension on debts and should look for ways and means which will minimize the suffering of people, âdr de Silva told a joint press conference he had with MP Eran Wickramaratne. âGovernment should have sought IMF assistance months ago when we suggested it,â he added. He said Sri Lankaâs debt services for the next six weeks is $ 1440 million which includes payments in relation to development, sovereign bonds, and other obligations which include $ 200 million development bonds and several other obligations. In addition, the SJB MP said the annualized yield of international sovereign bonds had risen to more than 180 percent. âWho would purchase sovereign bonds at such a rate?â he questioned. The MP said his party is willing to support the government to resolve the economic crisis for the sake of the people
Deputy Minister of Economic Development Prof. Anil Jayantha Fernando clarified the procedure for importing vehicles…
The Colombo Chief Magistrate's Court today issued a notice directing former Central Bank Governor Arjuna…
Responding to social media reports criticizing the presence of top NPP members at the ABBA…
The Vice Minister of the International Department of the CPC Central Committee (IDCPC), Sun Haiyan…
The Meteorology Department says the Depression over Southwest Bay of Bengal was located to southeast…
Candidates facing difficulties are encouraged to contact the Disaster Management Centre (DMC) via the hotline…