Paris Club ready for close coordination with China, India on Sri Lanka debt talks

The Paris Club creditor nations last month reached out to China and India seeking to coordinate closely on Sri Lanka's debt talks, but is still awaiting a reply, a source with direct knowledge of the matter told Reuters on Thursday.

Daily Mirror

2022-10-14

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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...

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CEB secures US$150 mn ADB loan for transmission ne...

The Asian Development Bank (ADB) has provided a $150 million loan to the Ceylon Electricity Board (CEB) to enhance Sri Lanka's electricity transmission infrastructure, focusing on improving grid reliability and inte...

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Sri Lanka’s new personal income tax structure redu...

In his recent address to Parliament, the President announced proposed reforms to Sri Lanka’s Personal Income Tax (PIT) system. These changes include raising the tax-free monthly income threshold from LKR 100,000 to LKR 150,000, a...

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