As the first phase of the 500 jeeps to be given to the Sri Lanka Police under Indian loan  assistance, 125 new jeeps were handed over to the police today (12/22/2022) at the Ministry of Public Security.

The Government has obtained foreign financing of USD 1,873.5 million by entering into eight agreements with foreign development partners and lending agencies in the first nine months of 2022.

Sri Lanka’s tight fiscal policy with new tax hikes from December 1 will help the central bank to reduce inflation and interest rates faster than it has expected, the central bank governor Nandalal Weerasinghe said.

Sri Lanka’s parliament passed 2023 budget that has proposed higher taxes and some basic reforms to content the International Monetary Fund (IMF) and secure $2.9 billion loan from the global lender to move out of the island nation&rsquo...