Notable
Sri Lanka's membership request is in process, will be considered
BRIC's NDB offers alternative source of funding for infrastructure, development projects
They discussed potential areas of collaboration with President Dissanayake.
China has trained 1,000 public sector employees in the first 10 months of 2024
Maldives visit is President Dissanayake's sixth foreign visit after India, China, UAE, German, and Vietnam
"We will also sign several MoUs that will enhance cooperation between Sri Lanka and the Maldives!"
The grant will be used to purchase fuel to be distributed among state sector hospitals throughout the country.
“We went at the last minute, after confidence in us had waned."
President Ranil Wickremesinghe has said Sri Lanka can expect the 2.9 billion dollar IMF extended fund facility in March.
A reduction of bank interest rates is also being considered.
"The only way to mitigate this is to increase dollar income and reduce outflows."
"The health sector is facing a huge financial crisis," the minister said.
“Nothing the Buddhist monks are opposed to can ever be attempted,” said Sirisena.
Sri Lanka sees new political risks since its sovereign debt default
A discussion was held with President Ranil Wickremesinghe on the matter on Monday.
The top US State Dept official said what China has offered so far is not enough.
| Latest | Last | |
|---|---|---|
| US Dollar | 332.3603 | 330.8514 |
| UK Pound | 440.9424 | 438.3450 |
| Euro | 368.4879 | 371.0168 |
| Yen | 2.0805 | 2.0916 |
| Aus Dollar | 227.4342 | 231.1659 |
| Latest | Last | |
|---|---|---|
| Indian Rupee | 3.5474 | 3.4202 |
| Korean Won | 0.2492 | 0.2479 |
| Oman Rial | 863.2287 | 859.3320 |
| Saudi Riyal | 88.5586 | 88.0955 |
| UAE Dirham | 90.4874 | 90.0766 |
| pts | % | |
|---|---|---|
| S&P SL20 | 6,365.57 | +0.26% |
| CSE All Share | 22,157.40 | +0.56% |
| Turnover Rs | 2975.05 million | 1193.67 million |
| Latest | Last | |
|---|---|---|
| 3-m bill | 7.61 | 7.84 |
| 6-m bill | 7.91 | 8.26 |
| 12-m bill | 8.23 | 8.3 |
| 3-yr bond | 9.24 | 9.25 |
| 5-yr bond | 9.82 | 9.56 |
| 8-yr bond | 10.50 | 10.48 |
| today | yesterday | |
|---|---|---|
| Overnight Money | 7.70 | 7.69 |
| Gilt Repo | 7.74 | 7.72 |
| I-m SLIBOR | - | - |
Sri Lanka is cautiously optimistic that the IMF bailout package will come through in the first quarter.
His presence in Sri Lanka was testimony to Prime Minister Narendra Modi's Neighbourhood First policy, said Jaishankar.
"I am confident that the gravity of the situation is realised by policymakers here,” Jaishankar said.
Jaishankar is scheduled to meet President Ranil Wickremesinghe, Prime Minister Dinesh Gunawardena and others.
“The US stands ready to assist SL to unlock IMF assistance when all creditors agree to fair and equitable treatment."
The financing and debt relief will be provided by the Export-Import Bank of India, said Mishra in his letter.
The OHCHR also urged the government to provide full reparations to the victims, establish the truth and ensure justice.
"Both Chinese and Sri Lankan people are wise enough to judge without any foreign lecturing."
"Both sides especially the Buddhist communities must prevent a sneaky visit of the Dalai Lama to the island."
President Wickremesinghe’s office has yet to officially comment on the video call with the Chinese Exim bank chief.
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