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...But his imprint is all over Sri Lanka in temples, universities and government buildings....
...Both Umesh and Thilina cover Chinese debt for Sri-Lanka based think-tank Arutha....
...Sri Lanka needs such a deal to keep loans flowing and eventually to return to market borrowing....
...The IMF has approved the next tranche of a $3bn loan package for Sri Lanka, putting the country back on course for a recovery from its worst economic crisis.Sri Lanka will receive about $337mn....
...Sri Lanka has yet to reach a deal with the commercial bondholders, which could yet slow down progress on the country’s economic recovery....
...But if this is true then Sri Lanka’s situation suddenly looks a LOT better....
...The bank said it expected the economy of south Asia, which includes Pakistan, Bangladesh and Sri Lanka, to grow faster than any other region over the next two years, at 6 per cent in 2024 and 6.1 per cent...
...The IMF has reached an agreement with Sri Lanka to disburse the next chunk of its $3bn lending programme to the crisis hit country....
...(“Plaintiff” or “Hamilton Bank”) against the Democratic Socialist Republic of Sri Lanka (“Defendant” or “Sri Lanka”) seeking payment on $250,190,000 of defaulted sovereign bonds. Dkt. No. 23....
...China’s foreign ministry said on Tuesday that Exim Bank had reached a tentative deal with Sri Lanka in late September....
...the bond to reveal “nationality, residence, identity or connection with Sri Lanka.”...
...An IMF team concluded a two-week visit to Sri Lanka without unlocking the $330mn disbursal due under a deal reached in March, a spokesperson said....
...As sovereign debt restructuring nerds, team Alphaville has had an eye on Sri Lanka....
...Western and Indian critics have argued that excessive borrowing from China exacerbated Sri Lanka’s crisis....
...The delay threatens to slow Sri Lanka’s recovery from the worst economic crisis in its history....
...His successor, Ranil Wickremesinghe, is unpopular but has vowed to return Sri Lanka to normalcy....
...Economic indicators: Sri Lanka announces its monetary policy review. South Korea and Australia release consumer confidence data for March. Hong Kong publishes trade data for February....
...Sri Lanka is bankrupt and restructuring its debts....
...immediate regional neighbours as a core sphere of interest under its Neighbourhood First policy, and has separately voiced concern over Chinese research vessel visits and infrastructure projects in Sri Lanka...
From Madrid to Melbourne via Colombo, Copenhagen and Cartagena: 13 of the cocktail maestro’s top watering holes
...The sanctions will target three companies in mainland China and one in India, alongside businesses in Sri Lanka, Turkey, Thailand, Serbia and Kazakhstan....
...Events: Thailand’s Prime Minister Srettha Thavisin starts a two-day official visit to Sri Lanka. Today is also World Wetlands Day....
...The standing lending facility rate was reduced by 200 basis points to 12 per cent, the Central Bank of Sri Lanka said in a statement....
...Further reading:— The mysterious ‘global financier’ suing Sri Lanka (FTAV)...
...Further reading: — The mysterious ‘global financier’ suing Sri Lanka...
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