The Government of Sri Lanka has submitted a request to the OPEC Fund for International Development to secure funds to finance Sri Lanka’s Comprehensive Reform Agenda, in line with the Extended Fund Facility (EFF) implemented with the assistance of the International Monetary Fund (IMF).
The institution has agreed to provide a loan of USD 50 million as a policy-based loan, Cabinet Spokesman, Minister Dr. Nalinda Jayatissa said this morning (10).
Meanwhile, the IMF has also confirmed that the loan is in line with the parameters of the EFF program in Sri Lanka.
Accordingly, the proposal submitted by the President, in his capacity as the Minister of Finance, Planning and Economic Development, to enter into a Loan Agreement with the OPEC Fund for International Development to obtain the said loan has received the Cabinet approval.
The Board of Investment (BOI) of Sri Lanka has successfully increased Foreign Direct Investment (FDI)…
A total of 85 Chinese nationals convicted for various crimes, including cyber-related offences, were deported…
The Vehicle Importers Association of Lanka (VIAL) has urged the public to carefully consider their…
Former Presidents Mahinda Rajapaksa, Maithripala Sirisena, Ranil Wickremesinghe, former Ministers Basil Rajapaksa, P. Harrison, Wijith…
Two more daughters of former Minister Keheliya Rambukwella, Chamithri Jayanika Rambukwella and Amali Nayanika Rambukwella—as…
After a three-year run at the top of the annual list from the Economist Intelligence…