Day: November 21, 2018

IMF delays Sri Lanka’s loan discussion on political crisis

The International Monetary Fund (IMF) said on Tuesday it had delayed discussions on Sri Lanka’s next loan tranche due to the country’s political crisis.



Wasantha attended Cabinet meeting after announcing resignation

United National Party MP Wasantha Senanayake, who earlier claimed that he was resigning as the Minister of Tourism and Wildlife to join the opposition, was present at today’s Cabinet meeting, a senior minister said.



SRI LANKAN RUPEE DROPS TO NEW LOW

Sri Lankan Rupee has depreciated further against the US Dollar, informed the Central Bank of Sri Lanka (CBSL).



Debt repayment on track: SLPP

The Sri Lanka Podujana Peramuna (SLPP) yesterday dismissed concerns raised by United National Party (UNP) parliamentarians that Sri Lanka could face challenges in repaying debt, insisting the Central Bank had already taken the necessary steps to meet repayments in January.



Moody’s cuts Sri Lanka as political crisis festers

Moody’s downgraded Sri Lanka on Tuesday for the first time since it started rating the country in 2010, blaming a political crisis for aggravating already problematic finances.