Sri Lankan President

No international inquiry possible into 2019 Easter bombings: Sri Lankan President Ranil Wickremesinghe

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No international inquiry possible into 2019 Easter bombings: Sri Lankan President Ranil Wickremesinghe

Ranil Wickremesinghe. File | Photo Credit: AP Dismissing the possibility of an international probe into the 2019 Easter terror attacks, Sri Lankan President Ranil Wickremesinghe has reiterated that such an investigation into the incident was not permissible under the country’s law. Responding to Sunday’s editorial in the Catholic Church’s Messenger newspaper titled “An international investigation … Read more

IMF announces Sri Lanka programme aimed at island’s economic recovery 

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IMF announces Sri Lanka programme aimed at island’s economic recovery 

Representational image only. | Photo Credit: Reuters The International Monetary Fund (IMF) on March 21 cleared a $3 billion-Extended Fund Facility (EFF) for Sri Lanka, potentially unlocking more loans for the debt-ridden island nation, struggling to recover from last year’s economic meltdown.      “The objectives of the EFF-supported programme are to restore macroeconomic stability and … Read more

Sri Lankan President Ranil Wickremesinghe instructs Ministries to slash 5% of funds allocated in Budget

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Sri Lankan President Ranil Wickremesinghe instructs Ministries to slash 5% of funds allocated in Budget

Sri Lankan President Ranil Wickremesinghe. File | Photo Credit: AFP President Ranil Wickremesinghe has instructed his Ministries to slash 5% of their estimated expenditure allocated in this year’s Budget as Sri Lanka’s Treasury was facing an acute shortage of funds, exacerbating fears that the cash-strapped country’s economic crisis could be even worse than previously anticipated. … Read more