Sri Lankan President Ranil Wickremesinghe said the International Monetary Fund (IMF) bailout package has unlocked a new path to create a better future for the youth and uplift the country.

The main Opposition, Samagi Jana Balavegaya (SJB), and the Janatha Vimukthi Peramuna (JVP) yesterday (March 21) moved Supreme Court against Treasury Secretary Mahinda Siriwardana over his failure to provide funds required by the Election Commission to conduct the Local Government polls, ignoring an interim order issued by the apex court, on March 03, 2023.

Sri Lanka’s bailout by the International Monetary Fund will help the bankrupt nation lower its borrowing costs, thanks in part to a change in how the cash can be used, central bank Governor Nandalal Weerasinghe said.

Sri Lanka President Ranil Wickremesinghe emphasised that Sri Lanka is no longer considered as a bankrupt country by the world.

Sri Lanka has a difficult road ahead irrespective of how much funding it receives from multilateral and global financial agencies, a senior economist at Moody’s Analytics told Reuters on Tuesday.

The International Monetary Fund (IMF) has emphasised the importance of anti-corruption and governance reforms as a central pillar of the EFF-supported program as they are indispensable to ensure the hard-won gains from the reforms benefit the Sri Lankan people.

Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.

The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s USD 2.9 billion bailout package under the Extended Fund Facility (EFF).

The Central Bank of Sri Lanka (CBSL) has requested the Attorney General to file criminal cases against three pyramid-type prohibited schemes operating in the country as those schemes are acting contrary to the Section 83C of the Banking Act.

The Inland Revenue Department (IRD) has decided to accept individual income tax file records only via online from the tax year 2023 – 2024.

The Executive Board of the International Monetary Board (IMF) will meet today (March 20) to consider Sri Lanka’s bailout package of $2.9 billion for approval.

Unit 3 of the Norochcholai Coal Power Plant is inoperative due to a breakdown, Power and Energy Minister Kanchana Wijesekera said.

Opposition Leader Sajith Premadasa said on Saturday (March 18) that he wished to become a pilot if he didn’t venture into politics.

The term of office of 340 out of the 341 Local Government bodies is set to expire at midnight today (March 19).

The Bar Association of Sri Lanka (BASL) stresses that the next Inspector-General of Police (IGP) should be an officer whose service in the police force is exemplary and free of any blemish and able to restore public confidence in the Sri Lanka Police.

In a significant security lapse at the Kempegowda International Airport (KIA) in Bengaluru, 30 passengers who arrived from Colombo were mistakenly dropped at the domestic arrivals gate on Friday.