SUBSCRIBERS
Sri Lanka to seek IMF help to reduce debt: finance minister
Published Tue, Jan 20, 2015 · 09:50 PM
Colombo
SRI Lanka's two-week-old government plans to start discussions with the International Monetary Fund on reducing a debt burden that grew under the previous administration, Finance Minister Ravi Karunanayake said.
Mr Karunanayake, who met IMF officials on Tuesday, said in an interview that President Maithripala Sirisena wanted to reduce interest costs on the nation's 7.2 trillion rupees (S$73.1 billion) in total debt.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
International
Thai business lobby joins rate cut call as it trims GDP forecast
Indonesia sees more capital inflows after April rate hike: central bank governor
Malaysia eyes ‘orangutan diplomacy’ with nations that import palm oil
Malaysia to assess response to unilateral sanctions amid concern over Iran oil shipments
Trade between Singapore and Asean was at S$295.6 billion in 2023
UK passport control hit by outage, causing long waits at airports