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Adani Group's Rejection Of American Funding For Lanka Port Is US' Loss
Foreign policy watchers say the Adani Group's rejection of funding to build a deepwater port in Sri Lanka is a big blow to the United States' foreign policy.
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IMF To Work With Sri Lanka's New President On $3 Billion Loan
The International Monetary Fund said it's looking forward to working with Sri Lanka's newly elected leftist president, including on the latest review of the country's $3 billion bailout package.
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IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
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Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
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Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
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Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
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Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
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Bangladesh Gets $4.7 Billion IMF Loan, Pakistan, Sri Lanka Still Waiting
Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.
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After India, China Backs Sri Lanka's Bid To Secure IMF Bailout Package
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to
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India Writes To IMF Supporting Sri Lanka's Debt Restructuring Plan: Report
New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.
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Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
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Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
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Sri Lanka To Import 50,000 MT Rice Under India's Loan Assistance Program
Sri Lankan has decided to import 50,000 metric tons of rice under the Indian loan assistance program, to check an abnormal rise in rice prices, Prime Minister Ranil Wickremesinghe said on Thursday.
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Crisis-Hit Sri Lanka Seeks $55 Million Loan From India To Buy Fertilizers
Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.
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Crisis-Hit Sri Lanka To Receive $700 Million From World Bank: Report
The World Bank is planning to disburse $700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented economic crisis.
-
Adani Group's Rejection Of American Funding For Lanka Port Is US' Loss
Foreign policy watchers say the Adani Group's rejection of funding to build a deepwater port in Sri Lanka is a big blow to the United States' foreign policy.
-
IMF To Work With Sri Lanka's New President On $3 Billion Loan
The International Monetary Fund said it's looking forward to working with Sri Lanka's newly elected leftist president, including on the latest review of the country's $3 billion bailout package.
-
IMF Resumes $2.9 Loan Billion Bailout For Sri Lanka
The International Monetary Fund revived its $2.9 billion bailout for Sri Lanka on Tuesday after the South Asian nation clinched a debt restructuring deal with China, its biggest official lender.
-
Sri Lanka Bailout Conditional On Tackling Corruption, Says IMF
Sri Lanka must not allow entrenched corruption to undermine a bailout for its bankrupt economy, the IMF said Tuesday after signing off on a $3 billion loan for the crisis-hit nation.
-
Sri Lanka Secures $2.9 Billion IMF Deal After China's Support
China's agreement to restructure its loans to Sri Lanka paves the way for International Monetary Fund financing to the bankrupt island nation, the IMF said Tuesday, adding this would also speed up funding from others.
-
Crisis-Hit Lanka Says China To Restructure Loans For Securing IMF Bailout
China's Exim bank "sent a letter to the IMF" expressing its willingness to "restructure" credit to Sri Lanka, President Ranil Wickremesinghe told parliament.
-
Chinese Loans To Pak "Deeply Concerning", In "Serious Talks" With India: US
The US is deeply concerned that the loans being given by China to India's immediate neighbourhood - Pakistan and Sri Lanka - may be used for coercive leverage, a senior State Department official has said.
-
Bangladesh Gets $4.7 Billion IMF Loan, Pakistan, Sri Lanka Still Waiting
Bangladesh plans to use the IMF loan to prop up its foreign exchange reserves, which have nosedived from $46 billion to $34 billion.
-
After India, China Backs Sri Lanka's Bid To Secure IMF Bailout Package
China has given debt-ridden Sri Lanka the financing assurances required by the IMF to unlock a USD 2.9 billion bailout package for the country, days after India strongly backed the island nation's efforts to secure the loan from the global lender to
-
India Writes To IMF Supporting Sri Lanka's Debt Restructuring Plan: Report
New Delhi's backing comes at a critical time for Sri Lanka as it has to put its massively indebted public finances in order to unlock the IMF loan that was agreed in September.
-
Debt Restructuring Talks With India Were "Successful": Sri Lanka President
Sri Lanka, which is trying to secure a $2.9 billion bridge loan from the International Monetary Fund (IMF), is also looking at financial assurances from its major creditors - China, Japan, and India.
-
Sri Lanka Needs To Talk To China On Debt Restructuring, Says IMF
The International Monetary Fund (IMF) said Sri Lanka should kick off debt restructuring talks with its bilateral lender China, while the island state's government seeks a financing loan from the IMF.
-
Sri Lanka To Import 50,000 MT Rice Under India's Loan Assistance Program
Sri Lankan has decided to import 50,000 metric tons of rice under the Indian loan assistance program, to check an abnormal rise in rice prices, Prime Minister Ranil Wickremesinghe said on Thursday.
-
Crisis-Hit Sri Lanka Seeks $55 Million Loan From India To Buy Fertilizers
Sri Lanka has sought a $55 million loan from India for the procurement of urea amidst threatening a severe food shortage. The Cabinet has approved a proposal by the Prime Minister to sign an agreement with India to purchase urea.
-
Crisis-Hit Sri Lanka To Receive $700 Million From World Bank: Report
The World Bank is planning to disburse $700 million to crisis-ridden Sri Lanka by re-purposing its existing loans, a move that will help the island nation grappling with an unprecedented economic crisis.
