header logo
SLIC
Latest
Sri Lanka’s debt restructuring to be completed by year-end: President
Nov 11, 202407:08 PM
Sri Lanka’s debt restructuring to be completed by year-end: President
Mobitel inner 1278

President Anura Kumara Dissanayake says that Sri Lanka’s debt restructuring process can be completed by December. 

 

Speaking at a public rally in Gampaha today (11), he outlined the government’s plan to achieve financial stability amid ongoing economic challenges.

 

“Our restructuring process is nearly complete, with only a small amount left to finalize,” President Dissanayake stated. 

 

He assured that by 2028, the country would be in a position to start repaying the restructured debt, as calculations are already underway to manage these future obligations.

 

The President further highlighted that an International Monetary Fund (IMF) team is expected to arrive in Sri Lanka shortly after the upcoming general election to conduct a third review of the economic recovery program. 

 

He expressed confidence that this review would be wrapped up by the end of January or early February 2025, paving the way for a more stable economic foundation.

 

 

 

 

 

MostRead
Mobitel 1278
VideoStories
Sri Lanka extends USD 1 million  humanitarian assistance to flood-hit Nepal

Sri Lanka extends USD 1 million humanitarian assistance to flood-hit Nepal

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

President says no more debate on banning Perahera as Kandy Esala Perahera concludes successfully

Sri Lanka’s agriculture sector faces  growing impact from prolonged dry spell

Sri Lanka’s agriculture sector faces growing impact from prolonged dry spell

Colombo Port enters global top 20  after strong container volume growth

Colombo Port enters global top 20 after strong container volume growth

Large crowds gather in Kandy to witness historic final Randoli Perahera

Large crowds gather in Kandy to witness historic final Randoli Perahera

 Youth arrested for managing Facebook groups and pages sharing explicit images of women and children

Youth arrested for managing Facebook groups and pages sharing explicit images of women and children

 BASL raises concerns over 22nd Amendment, calls for responsible scrutiny of judiciary

BASL raises concerns over 22nd Amendment, calls for responsible scrutiny of judiciary

 Large commuter crowd seen today at Makumbura Multi-Modal Transport Centre

Large commuter crowd seen today at Makumbura Multi-Modal Transport Centre

Muslims in Sri Lanka and across the world celebrate Milad-un-Nabi

Muslims in Sri Lanka and across the world celebrate Milad-un-Nabi

“All are bound to abide by Supreme Court decision on 22nd Amendment Bill” – Justice Minister

“All are bound to abide by Supreme Court decision on 22nd Amendment Bill” – Justice Minister

Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Randoli Perahera lights up streets of Kandy Devotees gather in numbers to witness the procession

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

Over 70% Sri Lankans may back abolishing Executive Presidency; - Ex-Minister GL Peiris on Hyde Park

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

El Niño Impact: Prolonged dry spell affects 14 districts across Sri Lanka

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

22nd Constitutional Amendment: Govt. says it has mandate for reforms, ITAK calls for referendum

“Sri Lanka a promising partner for shared growth”  - Indonesian Ambassador to Sri Lanka

“Sri Lanka a promising partner for shared growth” - Indonesian Ambassador to Sri Lanka

Lassana Flora