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Demonstrators blame the federal government for not taking sufficient measures to ship justice for the almost 270 victims of the bombings and punish the suspects linked the Daesh group. FILE – The church’s leaders have repeatedly criticised the earlier and current governments for his or her failure to deliver the culprits to justice. (AP) Hundreds…
Quick Information Colombo can be banking on the IMF deal to unfreeze billions of {dollars} in international support for tasks suspended since Sri Lanka defaulted on its loans final 12 months. Sri Lanka defaulted on its international debt in April 2022 because the nation plunged into its worst financial downturn since independence. (Dinuka Liyanawatte /…
Sri Lanka defaulted on its international debt in April 2022 because the nation plunged into its worst financial downturn since independence due to a significant scarcity in international foreign money reserves. A labourer carries a sack of onions at a market in Colombo on March 20, 2023. (Eranga Jayawardena / AP Archive) The Worldwide Financial…
Unions say the strikes will proceed till the federal government responds to their demand to reverse the brand new taxes. Sri Lanka’s unprecedented financial disaster since late 2021 has brought about extreme shortages of meals, gas and medicines. (AFP) Bankrupt Sri Lanka’s hospitals have been crippled and transport disrupted as commerce unions protested in opposition…
Sri Lanka is dealing with its worst financial disaster in a long time and a scarcity of {dollars} has disrupted imports of necessities, although the scenario has improved from final yr when protesters ousted its president. The letter mirrors what EXIM Financial institution despatched to Sri Lanka in January, aside from the goal of finalising…
Sri Lanka expects approval from the Worldwide Financial Fund to begin the disbursal of $2.9 billion within the third or fourth week of this month, President Ranil Wickremesinghe says. Sri Lanka entered into the rescue package deal settlement with the IMF in September, however its launch was held up pending “monetary assurances” from collectors. (Reuters…