• Latest
  • Trending
Finance Minister Ali Sabry in a Bloomberg Television interview

Sri Lanka may take weeks to hire debt advisers, Finance Minister Sabry says

April 22, 2022
IMF

IMF’s Sri Lanka, Pakistan talks in focus as $66 billion at risk

June 30, 2022
Bus

New increased bus fares announced in Sri Lanka

June 30, 2022
Russian President Vladimir

Putin would not have embarked on Ukraine war if he were a woman: British PM Boris Johnson

June 30, 2022
Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

June 30, 2022
World Bank

World Bank to redesign 17 ongoing projects in Sri Lanka

June 30, 2022
President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin

President Gotabaya calls Putin to secure fuel supplies from Russia

June 30, 2022
Electricity

Power cut schedule for June 30 in Sri Lanka

June 30, 2022
India’s top cement maker paying for Russian coal in Chinese yuan

India’s top cement maker paying for Russian coal in Chinese yuan

June 29, 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
  • About Us
  • Advertisements
  • Privacy Policy
  • Contact
Thursday, June 30, 2022
No Result
View All Result
NewsIn.Asia
  • Home
  • Around South Asia
    • All
    • Afghanistan
    • Bangladesh
    • Bhutan
    • China
    • India
    • Maldives
    • Myanmar
    • Nepal
    • Pakistan
    • Sri Lanka
    IMF

    IMF’s Sri Lanka, Pakistan talks in focus as $66 billion at risk

    Bus

    New increased bus fares announced in Sri Lanka

    Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

    Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

    World Bank

    World Bank to redesign 17 ongoing projects in Sri Lanka

    President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin

    President Gotabaya calls Putin to secure fuel supplies from Russia

    Electricity

    Power cut schedule for June 30 in Sri Lanka

    India’s top cement maker paying for Russian coal in Chinese yuan

    India’s top cement maker paying for Russian coal in Chinese yuan

    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

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Russian President Vladimir

    Putin would not have embarked on Ukraine war if he were a woman: British PM Boris Johnson

    President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin

    President Gotabaya calls Putin to secure fuel supplies from Russia

    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

  • 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
    IMF

    IMF’s Sri Lanka, Pakistan talks in focus as $66 billion at risk

    Bus

    New increased bus fares announced in Sri Lanka

    Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

    Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

    World Bank

    World Bank to redesign 17 ongoing projects in Sri Lanka

    President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin

    President Gotabaya calls Putin to secure fuel supplies from Russia

    Electricity

    Power cut schedule for June 30 in Sri Lanka

    India’s top cement maker paying for Russian coal in Chinese yuan

    India’s top cement maker paying for Russian coal in Chinese yuan

    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

  • World
    • All
    • Japan
    • Russia
    • United Kingdom
    • United States
    Russian President Vladimir

    Putin would not have embarked on Ukraine war if he were a woman: British PM Boris Johnson

    President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin

    President Gotabaya calls Putin to secure fuel supplies from Russia

    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

  • 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

Sri Lanka may take weeks to hire debt advisers, Finance Minister Sabry says

Editor by Editor
April 22, 2022
in Around South Asia, Around The World, Economy, Sri Lanka
Reading Time: 3 mins read
21 1
A A
Finance Minister Ali Sabry in a Bloomberg Television interview

Finance Minister Ali Sabry in a Bloomberg Television interview

22
SHARES
Share on WhatsApp

April 22 (Bloomberg) – Sri Lanka may take nearly three weeks to appoint advisers to guide an overhaul of its debt, according to the country’s finance chief, a move seen as key to unlock emergency funds needed to ease its worsening economic crisis.

The country is aiming to choose financial and legal advisers in 15 to 20 days, Finance Minister Ali Sabry said in a Bloomberg Television interview with Kathleen Hays and Haidi Stroud-Watts late Wednesday in Washington.

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

ADVERTISEMENT

Sri Lanka is seeking as much as $4 billion this year to help ease shortages of food, fuel and medicines as its foreign reserves dry up and it heads for a default on its international debt. The economic decline in recent weeks has spiralled into a domestic crisis, with protests seeking the ouster of President Gotabaya Rajapaksa turning deadly on Tuesday when police killed at least one person and wounded several others.

About $500 million of the total funds sought by Sri Lanka is expected to come as emergency aid from the Asian Development Bank and World Bank in the next six months, Sabry said.

The IMF has said its rapid aid depends on progress on debt restructuring, but the lender has declined to comment on what represents adequate steps toward developing a credible debt plan.

The July dollar bond rose for a fourth day, indicating up 0.4 cents on the dollar at 46.3 as of 11:35 a.m. in Singapore. That’s the longest streak of gains since Feb. 10.

“Our talks have been centered around restructuring, and along with that to go forward for a proper program with the IMF,” Sabry said. An IMF program “requires debt restructuring when they come to the finding that it is not sustainable in the long run.”

While the IMF’s board could approve release of funds earlier if necessary, a first step along that path will be for the country to appoint advisers to chart the restructuring and payments of debts. That’s accompanied by fiscal reforms and other points, to meet the requirements of traditional multilateral lenders like the IMF and WB.

A comprehensive aid package from the IMF may require about six months, Foreign Minister G.L. Peiris said earlier Wednesday in Colombo.

Sabry is in Washington with other officials seeking emergency funds during the so-called spring meetings of the IMF and World Bank. He added in the interview that Sri Lanka has been contacted by “a couple” of creditors, and that he also plans further talks with officials from the U.S., Japan, India and China, among others.

“It’s early days,” he said.

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

Tags: EconomyFinanceSri Lanka

Related Posts

IMF
Around South Asia

IMF’s Sri Lanka, Pakistan talks in focus as $66 billion at risk

June 30, 2022
Bus
Around South Asia

New increased bus fares announced in Sri Lanka

June 30, 2022
Russian President Vladimir
Around The World

Putin would not have embarked on Ukraine war if he were a woman: British PM Boris Johnson

June 30, 2022
Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    
Communities

Nomination of Droupadi Murmu for the Indian Presidency should help uplift India’s Tribals    

June 30, 2022
World Bank
Around South Asia

World Bank to redesign 17 ongoing projects in Sri Lanka

June 30, 2022
President Gotabaya Rajapaksa has spoken to his Russian counterpart Vladimir Putin
Around South Asia

President Gotabaya calls Putin to secure fuel supplies from Russia

June 30, 2022
  • Electricity

    Power cut schedule for June 30 in Sri Lanka

    43955 shares
    Share 17598 Tweet 10982
  • Foreign Exchange Rates from Central Bank of Sri Lanka; USD, GBP, EUR, SGD, CAD

    1181 shares
    Share 479 Tweet 293
  • 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