The Supreme Court has determined that some clauses of 22nd Amendment to the Constitution are inconsistent with the Constitution and needs to be approved through a special majority in Parliament and a referendum, Speaker Mahinda Yapa Abeyawardane told Parliament today.
The International Monetary Fund (IMF) yesterday said Sri Lanka should move forward “expeditiously” to secure debt relief from its creditors to ensure debt sustainability as disbursement of any IMF financing is contingent upon that and the reforms carried out by the authorities to restore macroeconomic stability.
The International Monetary Fund (IMF) and Sri Lankan authorities have reached a staff-level agreement to support Sri Lanka’s economic policies with 48-month arrangement under Extended Fund Facility (EFF) of about US$2.9 billion, the IMF said.
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.
Japanese Finance Minister Shunichi Suzuki said on Tuesday it was important for all creditor nations of Sri Lanka to gather to discuss Colombo’s debt issue, adding that Tokyo would coordinate with other creditors on the matter.
India on Thursday urged its nationals planning to visit Sri Lanka to exercise caution and especially called on them to consider factors like currency convertibility and the fuel situation in that country before undertaking any essential travel.
Power and Energy Minister Kanchana Wijesekera said that the Ministry has observed that 2100 plus businesses have installed their own fuel storage tanks as consumer points, many without approval.
Four more international flights from Sri Lanka had a stopover at Thiruvananthapuram airport for refuelling on Friday. Of them, three flights, operated by SriLankan Airlines, then proceeded to Melbourne, Sydney and Paris, while the fourth, an AirArabia flight, left for Sharjah.
The Central Bank (CB) is optimistic of wrapping up the much-anticipated staff-level agreement with the International Monetary Fund (IMF) for a bailout package during the upcoming staff team visit scheduled for end of this month.
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