Desk Business
The next round of technical discussions with Sri Lanka will take place from May 9 to May 23, according to Masahiro Nozaki, the IMF’s Sri Lanka mission chief. In a statement issued on Friday, Nozaki stated that the IMF is committed to aiding Sri Lanka in accordance with its principles. “Because Sri Lanka’s debt is considered unsustainable,” he stated, “approval of IMF financing, including through a Rapid Financing Instrument, would require adequate indications that debt sustainability will be restored.” Last month, the two sides convened their first round of talks at the IMF headquarters. To address its foreign currency shortages, Sri Lanka is hoping for an IMF Rapid Finance Instrument (RFI) facility as well as a larger Extended Fund Facility (EFF).
Suggestion For You:
For Latest News Follow us on Google News
- Show all
- Trending News
- Popular By week
Minister tasked with making India one of the leading global tea suppliers
PGCIL’s fourth quarter net income increased by 18% to Rs 4,156 crore
Women have a 33% share of outsourced government positions in Karnataka
As energy prices rise, Japan’s economy declines quarterly
On Sunday night, the mobile emergency alert system was tested
US labor market spotlights as weekly jobless claims hit 4-month high
Apple AirTag Helps Police Locate Robbery Suspects
HP is developing an AMD-based Dev One laptop that runs Linux and is powered by Pop! ONLY
To fight inflation, the Indian government reduced taxes on gasoline and other basic items.
