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Sri Lanka Parliament to hold special session on Saturday to discuss debt r
Updated : 2 years, 8 months ago IST
In order to discuss getting Parliament's approval for the domestic debt restructuring process in Sri Lanka, a special weekend session will be held this week, Dailymirror reported.
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IMF bailout discussion on Sri Lanka debt restructuring still on lower pede
Updated : 3 years, 6 months ago IST
Colombo [Sri Lanka], September 13 (ANI): Sri Lanka has reached an agreement with the International Monetary Funds (IMF) regarding debt restructuring which will start only after all Sri Lankan creditors agree to restructure their existing loans to the island nation. On the other hand, while C
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Pakistan may fall into a debt trap like Sri Lanka due to its economic ties
Updated : 3 years, 8 months ago IST
Islamabad [Pakistan], June 30 (ANI): Pakistan may fall into a debt trap like Sri Lanka owing to its economic ties with China.
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Sri Lankan PM rejects calls for resignation; says 'I will go if I lose Par
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid nationwide protests and growing calls for his resignation, Sri Lanka Prime Minister Mahinda Rajapaksa has said that he will step down if he loses the majority in the Parliament.
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Will not resign, says Sri Lankan PM Rajapaksa amid economic crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 27 (ANI): Amid the ongoing economic crisis, Sri Lanka's Prime Minister Mahinda Rajapaksa on Tuesday said he will not step down from his post.
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IMF advises Sri Lanka to tighten monetary policy to overcome debt crisis
Updated : 3 years, 10 months ago IST
Colombo [Sri Lanka], April 26 (ANI): International Monetary Fund (IMF) official on Tuesday advised Sri Lanka to tighten its monetary policy, raise taxes and adopt flexible exchange rates to overcome its debt crisis, according to a media report.
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China avoids bailing out Sri Lanka, Pakistan as their debt deepens: Report
Updated : 3 years, 11 months ago IST
Beijing [China], April 15 (ANI): China is displaying reluctance in assisting with loan bailouts to Sri Lanka and Pakistan, which are facing severe economic and foreign debt crises even as the Asian giant was earlier keen on providing loans for various infrastructure projects in these countri
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