The International Monetary Fund (IMF) on Saturday appraised the G20 leadership of the need for effective debt resolution for vulnerable countries including Sri Lanka.

The Cabinet of Ministers at its meeting on Monday has cleared a proposal by President Ranil Wickremesinghe to prepare a law to set up a contributory pension fund for new public sector employees.

Central Bank of Sri Lanka’s reluctant decision to hike rates at time when the it is running clearly deflationary policy with an ad hoc peg, has drawn praise from the International Monetary Fund.

Source from Chinese EXIM Bank has stated that support will extend beyond the proposed two -year moratorium on debt repayments. The latter is only a short-term measure, and the Bank will make their best efforts to contribute to the debt sustainability and the future development of Sri Lanka in the...