• Latest
  • Trending
IMF suggests measures to tone up the ailing Lankan economy

IMF says any loan to Sri Lanka requires debt sustainability

April 20, 2022
Central Bank of Sri Lanka

Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

June 29, 2022
Australia tour of Sri Lanka 2022

WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

June 29, 2022
dollar

Dollar falters as US yields retreat amid recession risks

June 29, 2022
Kamal Haasan's Vikram is on a rampage.

Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

June 29, 2022
PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

June 29, 2022
Mukesh Ambani

Mukesh Ambani steps down as director of Reliance Jio

June 29, 2022
Bus

Bus fares increased from July in Sri Lanka

June 29, 2022
Electricity

Power cut schedule for June 29 in Sri Lanka

June 29, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Lanka IOC dispatches fuel for 82 sheds

June 28, 2022
Fuel. Image credits - Wassim Chouak / Unsplash

Lanka IOC restricts sale of Petrol: Limits announced

June 28, 2022
People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

Australia census: Five ways the country is changing

June 28, 2022
Sri Lanka to open fuel import, retail sales market to foreign companies

Sri Lanka to open fuel import, retail sales market to foreign companies

June 28, 2022
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Wednesday, June 29, 2022
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Central Bank of Sri Lanka

    Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

    Australia tour of Sri Lanka 2022

    WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    Bus

    Bus fares increased from July in Sri Lanka

    Electricity

    Power cut schedule for June 29 in Sri Lanka

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC dispatches fuel for 82 sheds

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC restricts sale of Petrol: Limits announced

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    dollar

    Dollar falters as US yields retreat amid recession risks

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

    Australia census: Five ways the country is changing

    Monkeypox case count rises to more than 3,400 globally: WHO

    Monkeypox case count rises to more than 3,400 globally: WHO

    Russia default

    Russia defaults on foreign debt for first time in a century

    President Joe Biden has told his officials to extend all help to Sri Lanka

    President Joe Biden has told his officials to extend all help to Sri Lanka

    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    Central Bank of Sri Lanka

    Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

    Australia tour of Sri Lanka 2022

    WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    Bus

    Bus fares increased from July in Sri Lanka

    Electricity

    Power cut schedule for June 29 in Sri Lanka

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC dispatches fuel for 82 sheds

    Fuel. Image credits - Wassim Chouak / Unsplash

    Lanka IOC restricts sale of Petrol: Limits announced

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    dollar

    Dollar falters as US yields retreat amid recession risks

    PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)

    PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

    Mukesh Ambani

    Mukesh Ambani steps down as director of Reliance Jio

    People play rugby at Bondi Beach in Sydney, Australia. [Loren Elliott/ Reuters]

    Australia census: Five ways the country is changing

    Monkeypox case count rises to more than 3,400 globally: WHO

    Monkeypox case count rises to more than 3,400 globally: WHO

    Russia default

    Russia defaults on foreign debt for first time in a century

    President Joe Biden has told his officials to extend all help to Sri Lanka

    President Joe Biden has told his officials to extend all help to Sri Lanka

    Is Nepal’s geo-strategic location a bane or a boon?

    Is Nepal’s geo-strategic location a bane or a boon?

    Money

    Here’s how you can become rich by doing nothing

  • Business
  • Politics
  • Sports
  • Entertainment
    • All
    • Books
    • Gaming
    • Movie
    • Music
    • Series
    Kamal Haasan's Vikram is on a rampage.

    Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

    Harry Potter and the Philosopher's Stone

    ‘Harry Potter and the Philosopher’s Stone’ celebrates 25 magical years

    Salman Khan

    Plot to kill Bollywood actor Salman Khan revealed

    Shah Rukh Khan's Jawaan, to be directed by Atlee, to scheduled for June 2023 release. (Photo: Twitter)

    Shah Rukh Khan announces new film ‘Jawaan’

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Chchutir diner Gaan by Bangladeshi singer Nondita

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    Song “Bechain Nazar Betaab Jigar”. Talat Mahmood. Film “Yasmin” 1955

    ‘KGF Chapter 2’

    ‘KGF Chapter 2’ becomes 3rd-highest-grossing Hindi film

    Popular Bollywood stars Ranbir Kapoor and Alia Bhatt were married Thursday in a private ceremony at their Mumbai residence. Image credits - Sujit Jaswal via AFP / Getty Images

    Bollywood stars Ranbir Kapoor and Alia Bhatt marry in Mumbai

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

    Lata Mangeshkar: Ae Chand Pyara. Film Khazaana 1951. Music C.Ramchandra. Lyrics Rajinder Krishan

  • Lifestyle
    • All
    • Fashion
    • Food
    • Health
    • Science
    • Travel
    This April 2022 handout photograph provided by RR Auction shows cockroaches which were fed moon dust from the 1969 Apollo 11 mission, which were pulled from an auction listing after NASA said the cockroaches and a small vial of moon dust are property of the federal government. (Photo: AP)

    Give us back our moon dust and cockroaches: Nasa

    Moon. Image credits - Ganapathy Kumar / Unsplash

    China finds signs of water in moon’s ‘Ocean of Storms’

    What we should know when we speak of food security?

    What we should know when we speak of food security?

    Beetroot is rich in nitrates and is loaded with health benefits. (Photo: Getty Images)

    Drinking beetroot juice daily could help people with heart condition

    Close-up view of a cancer cell. Credit: Alexey Kotelnikov / Alamy Stock Photo

    Massive breakthrough as cancer vanishes for all patients in drug trial

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    India hands over 3.3 tons of medical supplies to Lanka’s ambulance service

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    Lankan Prez orders LKR 1.8 billion (US$ 5 million) to be spent on drugs import  

    In this 1971 Center For Disease Control handout photo, monkeypox-like lesions are shown on the arm and leg of a female child in Bondua, Liberia. CDC | Getty Images

    The Covid conspiracies being recycled for monkeypox

    Exercise. Image credits - Victor Freitas @victorfreitas / Unsplash

    Best exercise time differs for men and women, says US study

    High life in troubled Colombo  

    High life in troubled Colombo  

    Trending Tags

    • Golden Globes
    • Mr. Robot
    • MotoGP 2017
    • Climate Change
    • Flat Earth
  • Tech
    Bitcoin. Image credits - Onov3056

    Bitcoin slides below $20,000 to lowest level in 18 months

    Digital banking platform Revolut launches in Sri Lanka

    Digital banking platform Revolut launches in Sri Lanka

    Microsoft's Internet Explorer was first included with a Windows 95 upgrade pack. Image credits - Ina Fried/CNET

    End of an era: Microsoft retires Internet Explorer

    Cryptocurrency boom. Image credits - Executium @executium / Unsplash

    Cryptocurrency market value slumps under $1 trillion

    iPhone. Image credits - Tron Le @tronle_sg / Unsplash

    EU deal to force iPhones to use USB-C charger by 2024

    Whatsapp. Image credits - AARN GIRI / Unsplash

    WhatsApp to get edit button, undo messages and other features soon 

    Trending Tags

    • Sillicon Valley
    • Climate Change
    • Election Results
    • Flat Earth
    • Golden Globes
    • MotoGP 2017
    • Mr. Robot
  • Coronavirus
  • Videos
NewsIn.Asia
No Result
View All Result
Home Around South Asia

IMF says any loan to Sri Lanka requires debt sustainability

Editor by Editor
April 20, 2022
in Around South Asia, Around The World, Economy, Sri Lanka, World
Reading Time: 2 mins read
6 0
A A
IMF suggests measures to tone up the ailing Lankan economy

IMF

Share on WhatsApp

April 20 (Reuters) – The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require “adequate assurances” that the island country’s debts can be put on a sustainable path.

In a statement emailed to Reuters, IMF Sri Lanka Mission Chief Masahiro Nozaki said that IMF Managing Director Kristalina Georgieva discussed lending options and policy plans with a Sri Lankan delegation on Tuesday.

Subscribe to our Telegram channel for the latest updates from around the world

ADVERTISEMENT

“An IMF-supported program should be designed to resolve Sri Lanka’s acute balance of payments problems and put the economy back on a sustainable growth path as early as possible,” Nozaki said.

The statement came after protests in response to shortages of fuel and other essentials turned deadly on Tuesday and Sri Lanka’s Finance Minister formally asked the Fund for a Rapid Financing Instrument loan for countries needing urgent balance-of-payments support.

Nozaki said the IMF is “very concerned about the current economic crisis in Sri Lanka and hardships suffered by the people, especially the poor and vulnerable.”

But he noted that IMF staff had determined last month in an annual economic review that Sri Lanka’s public debt was unsustainable, and the country needs to take steps to restore debt sustainability prior to any IMF lending, including the emergency Rapid Financing Instrument (RFI).

Such restoration of debt sustainability typically requires a restructuring or reprofiling of public debts, which in Sri Lanka’s case would require cooperation from China, one of its largest bilateral creditors.

The IMF used the low-conditionality RFI loans extensively to assist countries during the COVID-19 pandemic and has provided such loans to ease balance of payments problems after natural disasters, conflicts and commodity price shocks.

“These considerations would need to be examined for a potential RFI for Sri Lanka, once adequate assurances are obtained that debt sustainability will be resolved,” Nozaki said.

He added that the specific design of a Sri Lanka IMF loan, including program targets and conditionality, would be agreed through extensive discussions between the government and IMF staff.

“The discussions are still at an early stage,” Nozaki said.

For similar articles, join our Telegram channel for the latest updates. – click here

Tags: DebtIMFInternational Monetary FundSri Lanka

Related Posts

Central Bank of Sri Lanka
Around South Asia

Steps taken to prevent US Dollar from overshooting – The Central Bank of Sri Lanka

June 29, 2022
Australia tour of Sri Lanka 2022
Around South Asia

WATCH: 1st Test – Day 1 | Australia tour of Sri Lanka 2022

June 29, 2022
dollar
Around The World

Dollar falters as US yields retreat amid recession risks

June 29, 2022
Kamal Haasan's Vikram is on a rampage.
Around South Asia

Kamal Haasan’s Vikram is the highest-grossing film in Singapore, UK and UAE

June 29, 2022
PM Narendra Modi conveyed his personal condolences on the passing away of Sheikh Khalifa bin Zayed Al Nahyan last month to President Sheikh Mohamed bin Zayed Al Nahyan. (Photo: Twitter/@MEAIndia)
Around South Asia

PM Modi meets UAE President Sheikh Mohamed in Abu Dhabi

June 29, 2022
Mukesh Ambani
Around South Asia

Mukesh Ambani steps down as director of Reliance Jio

June 29, 2022
  • Electricity

    Power cut schedule for June 29 in Sri Lanka

    43782 shares
    Share 17528 Tweet 10939
  • Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    1180 shares
    Share 479 Tweet 292
  • WATCH : Yohani’s first live performance in India

    784 shares
    Share 326 Tweet 191
  • Power interruption schedule released: Check your area power cut time

    736 shares
    Share 314 Tweet 176
  • Leader of Bohra community meets President

    668 shares
    Share 271 Tweet 165
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact

© 2022 All rights reserved.

No Result
View All Result
  • Home
  • Around South Asia
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
  • Around The World
  • Breaking News
  • Business
    • Exchange
  • Climate Change
  • Governance
    • Crime
    • Diplomacy
    • Defense
    • Human Rights
    • Politics
    • Strategic Affairs
  • Lifestyle
    • Books
    • Entertainment
      • Arts
      • Cinema
      • Gaming
      • Music
      • Movie
      • Series
      • TV
    • Health
    • Fashion
    • Food
    • Travel
  • Culture
    • Ethnicity
    • Gender
  • Development news
  • Economy
  • Education
  • Environment
  • Coronavirus
  • History
  • National
  • Offbeat
    • Media
    • Music and arts across South Asia
  • Recommended
    • Headlines
    • Highlights
    • Top Picture
    • Top Story
  • Religion
  • Science
  • Sports
    • Football
    • Cricket
      • LPL
      • IPL
    • Tennis
    • Formula 1
    • NBA
  • Tech
    • Instagram
  • United Nations
  • Weather
  • World
    • Japan
    • Russia
    • United States
  • Videos

© 2022 All rights reserved.

Welcome Back!

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In

Add New Playlist

mersin eskort -

Meritroyalbet

-
Jojobet
- Süperbetin - eskisehir escort -

https://www.vudols.com/

- Sağlık Personeli - istanbul avukat