President’s Office also reportedly issues statement saying negotiations with IMF are ‘highly successful’, and so are political negotiations to form an all-party government.
'There is a condition in relation to the months of import cover that we need to have in order to be able to draw on that money,' Indrajit Coomaraswamy, advisor of the Sri Lankan govt Thursday.
The government is seeking a loan of about Rs 31,000 crore this year from the International Monetary Fund and creditors including China and Japan to help pay for food and fuel.
Wickremesinghe, now his party's lone MP in Parliament, was sworn in once more as PM Thursday. Move seen as attempt to end protests, restore country's international credibility.
In the latest edition of ThePrint 'Off The Cuff', Gita Gopinath, Chief Economist of the International Monetary Fund (IMF), was in conversation with our...
IMF says much of the downgrade was due to slower growth in India, which is now forecast to expand 9.5% this year, and South East Asia, where the virus continues to wreak havoc.
Steep jump in medium-term growth rates, of the kind projected, needs strong private & govt investment, domestic demand & exports. Govt has bet on growth in own investment, while exports are doing well.
Demand for steel is expected to surge 17% to 110 mn tonnes this financial year due to rising power consumption & mining activity, and higher tractor & passenger vehicles sales.
IMF spokesperson Gerry Rice said it sees speeding vaccination campaign, providing fiscal resources to the health sector and social support as immediate policy priorities for India.
As a practising doctor, I discovered large question marks on claims of a trustful patient-doctor relationship in the past. The routine dehumanisation of underprivileged patients remains a rarely mentioned topic.