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Sri Lanka, with the help of its legal and financial advisors, must present a debt restructuring strategy before the end of April 2023 in order to reach the International Monetary Fund s targets to achieve debt sustainability, Peter Breuer, the IMF Asia Pacific Department s Senior Mission Chief for Sri Lanka said today. MORE..

21 Mar 2023 (2:29 PM)

The Executive Board of the International Monetary Fund (IMF) approved today a 48 #8209;month extended arrangement under the Extended Fund Facility (EFF) with an amount of SDR 2.286 billion (395 percent of quota or about US$3 billion), the international lender announced. MORE..

21 Mar 2023 (12:34 AM)

Philadelphia will pay $9.25 million to settle a class-action lawsuit brought by racial justice protesters who accused police of abusing them at a 2020 rally following the killing of George Floyd, the city said on Monday. MORE..

21 Mar 2023 (1:42 PM)

The Cabinet of Ministers has authorized the Finance Ministry Secretary or the Treasury s Deputy Secretary to sign the Promissory Notes and other required documents as soon as Sri Lanka receives the IMF-supported Extended Fund Facility (EFF) approval from the IMF Executive Board. MORE..

20 Mar 2023 (11:41 PM)

Cabinet Spokesman Minister Bandula Gunawardena has assured that facts about the Extended Fund Facility (EFF) received from the International Monetary Fund (IMF) will not be hidden from the public, emphasizing that a transparent procedure will be followed. MORE..

21 Mar 2023 (12:49 PM)

A petition was filed before the Supreme Court today (March 21), alleging Finance Ministry s Secretary Mahinda Siriwardana of contempt of court. MORE..

21 Mar 2023 (4:17 PM)