What can the world do to help Sri Lanka?

Sri Lanka wants all its collectors to come collectively and provides it some respiration house Sri Lanka wants all its collectors to come collectively and provides it some respiration house On July 20, performing President Ranil Wickremesinghe was elected the President of Sri Lanka. The Government of India, which held an all-party assembly on the … Read more

International Monetary Fund chief Kristalina Georgieva hopes to complete Sri Lanka aid talks ‘as quickly as potential’

Sri Lankan President Ranil Wickremesinghe in his earlier capability as Prime Minister and Finance Minister has been concerned within the negotiations with the Washington-based IMF. Sri Lankan President Ranil Wickremesinghe in his earlier capability as Prime Minister and Finance Minister has been concerned within the negotiations with the Washington-based IMF. The International Monetary Fund (IMF) … Read more

European Union draws up energy plan in case of Russian gas cutoff

“Russia is blackmailing us. Russia is using energy as a weapon. And therefore, in any event, whether it’s a partial major cutoff of Russian gas or total cutoff of Russian gas, Europe needs to be ready,” EU Commission President Ursula von der Leyen stated. “Russia is blackmailing us. Russia is using energy as a weapon. … Read more

The Pakistan and IMF talks: What lies forward?

Why was the Extended Fund Facility (EFF) signed between the 2? Why is IMF vital for Pakistan’s financial system? Why was the Extended Fund Facility (EFF) signed between the 2? Why is IMF vital for Pakistan’s financial system? The story up to now: On July 14, the staff-level talks between Pakistan and the International Monetary … Read more

International community will not let cash-strapped Pakistan to become Sri Lanka: Media report

The IMF on July 14 confirmed that an settlement was reached with Pakistan, which is dealing with a severe financial disaster since final one yr, to restore a stalled mortgage programme and in addition elevated its measurement from $6 billion to $7 billion. The IMF on July 14 confirmed that an settlement was reached with … Read more

IMF: Staff-level agreement reached with Pakistan for release of $1.17 billion loan tranche

Islamabad Pakistan is at a “challenging economic juncture”, the IMF has stated because it reached a preliminary staff-level agreement on the mixed seventh and eighth opinions for a $6 billion loan facility for the cash-strapped nation. The agreement paves the best way for the release of the much-awaited $1.17 billion loan tranche that had been … Read more

Sri Lanka central bank raises charges, targets inflation despite contraction in economy

With overseas trade reserves at a report low, the island nation is struggling to pay for necessities resembling meals, medication and gasoline. With overseas trade reserves at a report low, the island nation is struggling to pay for necessities resembling meals, medication and gasoline. Sri Lanka’s central bank raised key rates of interest to the … Read more

Crisis-hit Sri Lanka to present debt restructure plan to IMF by August

PM Wickresinghe outlines roadmap to carry Sri Lanka out of its disaster. PM Wickresinghe outlines roadmap to carry Sri Lanka out of its disaster. Crisis-hit Sri Lanka will present to the International Monetary Fund by the top of August a plan to restructure its debt, Prime Minister Ranil Wickremesinghe advised parliament on Tuesday, July 5, … Read more

Pakistan’s trade deficit hits record-high of $48.66 billion as imports soar

The trade deficit reached an alarming stage regardless of a ban on greater than 800 non-essential luxurious gadgets in May by the Shehbaz Sharif authorities The trade deficit reached an alarming stage regardless of a ban on greater than 800 non-essential luxurious gadgets in May by the Shehbaz Sharif authorities : Cash-strapped Pakistan’s trade deficit … Read more

Pakistan steeply hikes petroleum prices under deal with IMF to revive bailout programme

Prices of all petroleum merchandise went up by about Rs. 14-19 per litre [Pakistani Rupees] after the choice got here into impact from midnight on June 30. Prices of all petroleum merchandise went up by about Rs. 14-19 per litre [Pakistani Rupees] after the choice got here into impact from midnight on June 30. The … Read more

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