April 7, 2022
1 min read

Lanka forms advisory group to tackle debt

The division, on Wednesday night, said that the members of the advisory group have already held discussion with the president on maintaining regular communication with the IMF….reports Asian Lite News

 Sri Lankan President Gotabaya Rajapaksa has appointed an advisory group on debt sustainability composed of economic and financial experts, the president’s media division has said.

The members of the advisory group include Indrajit Coomaraswamy, former Governor of the Central Bank of Sri Lanka, Shanta Devarajan, former Chief Economist with the World Bank, and Sharmini Coorey, former Director of the International Monetary Fund (IMF) Institute for Capacity Development, Xinhua news agency reported.

The division, on Wednesday night, said that the members of the advisory group have already held discussion with the president on maintaining regular communication with the IMF.

The advisory group is entrusted with holding discussions with Sri Lankan officials involved in negotiations with the IMF, and providing guidance on overcoming the current debt crisis, officials said.

ALSO READ: 11 humanitarian corridors opened in Ukraine

Previous Story

Global Covid caseload tops 494.8 mn

Next Story

Talks to continue despite atrocities: Zelensky

Latest from -Top News

Hasina’s Defiant Words Before Ouster

Reportedly before leaving Hasina wanted to record a farewell speech to be aired on television, but military officials declined….reports Asian Lite News Following a violent student uprising last year, the Bangladeshi military

US Lawmakers Push AI Watchdog on China

The lawmakers stressed that “there is a strong national security need for better understanding, predicting, and preparing for the PRC’s AI progress…reports Asian Lite News Chairman John Moolenaar and Ranking Member Raja

Trump’s 51st State Pitch to Canada

The development follows a meeting between Trump and Canadian Prime Minister Mark Carney on May 6, where Trump praised Carney’s political success….reports Asian Lite News US President Donald Trump claimed that he

Azhar Acquittal Sparks Outrage in Bangladesh

Jailed for nearly 13 years for war crimes, Azharul was received by party leaders and activists at the jail gate by his radical supporters….reports Asian Lite News Once accused of committing crimes

Trump Warns Putin: ‘Playing with Fire’

Trump on Sunday made harsh remarks on both Putin and Ukrainian President Volodymyr Zelensky…reports Asian Lite News US President Donald Trump warned Russian President Vladimir Putin that he is “playing with fire”
Go toTop

Don't Miss

Australia supports Sri Lanka with $50 million development assistance

The island nation’s worst economic crisis in seven decades led

Lanka to boost remittance inflows from migrant workers

Migrant workers’ remittance is one of the main sources of