Request for proposal documents to qualified investors who express interest
External government debt includes 4,229 million US dollars in arrears
Debt and interest repayments were 912 million US dollars
Sri Lanka is yet to receive the second tranche of around $330 million
significant lack of transparency on the part of official sector creditors
COPF has also said the removal of VAT exemptions will not affect ride-hailing services such as Uber and PickMe.
This agreement serves a key milestone in Sri Lanka's ongoing endeavour to achieve public debt sustainability
You will hear the outcome very soon
A US$200mn credit could come as early as December
China was the first to give a detailed debt restructuring plan
There were no external reasons for Sri Lanka’s economic decline between 2015 and 2019
Discussions also on-going with private creditors
There were roads that were in a bad state of disrepair
Higher tariffs are likely to be charged from commercial establishments
We are confident that all creditors will look at Sri Lanka positively
The domestic requirement borrowing requirement will further reduce
Another US$196 for 1.5% and 30-year pay back
The government now has deposits in state banks, not overdrafts
Financing Assurances Review is required
The total allocation for the North and East specifically is 4.25 billion.
Agreement in-principle with China's Exim Bank positive, assurances from other creditors awaited to go forward
Budget passed with 122 voting in favour
“Fiscal discipline is essential for a country,” he said.
As of November 17, state revneue stood at 2,394 billion rupees, the official said.