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SL exits ’Restricted Default’ rating
Fitch Ratings upgraded Sri Lanka's Long-Term Foreign-Currency IDR to 'CCC+' from 'RD' and the Local-Currency IDR to 'CCC+' from 'CCC-', citing reduced default risk after completing in...
2024-12-21
Daily Mirror
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World Bank, EU support Sri Lanka’s agriculture modernisation, job creation via $ 125 m project
The Ministry of Finance and the World Bank recently signed a new grant from the European Union to support the Agriculture Sector Modernisation Project ( ASMP). This grant is part of the EU’s EUR 25 million support to the $ 125 million project and will be administe...
2021-02-05
DailyFT
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Proposal for Lanka to downgrade itself to low-income country
The Cabinet will take up tomorrow a proposal for Sri Lanka to revert from a middle-income country to a low-income country with the aim of obtaining concessionary funding from the International Development Association (IDA) — an arm of...
0222-10-09
The Sunday Times
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