Debt restructuring : Sri Lanka requests China to be more accommodative

In its effort to secure the programme with the International Monetary Fund (IMF) to revive the crisis ridden economy, the Sri Lankan authorities are requesting the Chinese authorities to be more accommodative in its cooperation for this purpose, Daily Mirror learns.

https://www.dailymirror.lk/print/front_page/Debt-restructuring-Sri-Lanka-requests-China-to-be-more-accommodative/238-253213

Daily Mirror

2023-02-08

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President announces sharp daily wage hike for plan...

President Ranil Wickremesinghe announced a 70% increase in the daily wage for plantation workers during the May Day rally of the Ceylon Workers’ Congress in Kotagala. Daily wage rais...

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Gross official reserves increases to USD 5 Bn

By March 2024, Sri Lanka's Gross Official Reserves surged to US$5.0 billion, propelled by significant domestic market foreign exchange acquisitions, with a net intervention totaling US$715 million for the month.

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Merchandise trade deficit narrowed in March

In March 2024, the merchandise trade deficit narrowed to $369 million, compared to $412 million in March 2023, primarily due to higher export growth than import growth.

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