header logo
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.

 

 

 

 

 

Disclaimer: All the comments will be moderated by the AD editorial. Abstain from posting comments that are obscene, defamatory or slanderous. Please avoid outside hyperlinks inside the comment and avoid typing all capitalized comments. Help us delete comments that do not follow these guidelines by flagging them (mouse over a comment and click the flag icon on the right side). Do use these forums to voice your opinions and create healthy discourse.

Comments

0
Comments are disabled

Note: Due to legal constraints, the Ada Derana Editorial team has taken a decision to disable comments on all articles concerning ongoing court procedures.

MostRead
Mobitel 1278
VideoStories
El Niño affecting coral reefs and marine life around Sri Lanka

El Niño affecting coral reefs and marine life around Sri Lanka

 No referendum to enact 22A? Free Lawyers Org. seeks support against 22A after President’s remarks

No referendum to enact 22A? Free Lawyers Org. seeks support against 22A after President’s remarks

 Namal in Prison: Security tightened Politicians flock to visit remanded Namal Rajapaksa at prison

Namal in Prison: Security tightened Politicians flock to visit remanded Namal Rajapaksa at prison

 “Govt. moving forward with a dictatorial agenda”

“Govt. moving forward with a dictatorial agenda”

UNP turns 80;  Ex-President Ranil leads  anniversary celebrations at Sirikotha

UNP turns 80; Ex-President Ranil leads anniversary celebrations at Sirikotha

“Decisions taken in the interest of people will not be reversed”  - President at Bulathsinhala rally

“Decisions taken in the interest of people will not be reversed” - President at Bulathsinhala rally

Farmers plead for fair price for paddy stocks; Unions threaten to sabotage President's A’pura rally

Farmers plead for fair price for paddy stocks; Unions threaten to sabotage President's A’pura rally

El Niño cripples Sri Lankan lives; Shortage of water reported in several districts

El Niño cripples Sri Lankan lives; Shortage of water reported in several districts

Litro Gas prices reduced; Milk tea and plain tea prices slashed

Litro Gas prices reduced; Milk tea and plain tea prices slashed

Over 100,000 people affected by prolonged drought in Sri Lanka

Over 100,000 people affected by prolonged drought in Sri Lanka

“This isn’t something new; Namal was imprisoned before, and so was I”

“This isn’t something new; Namal was imprisoned before, and so was I”

 Deadline ends for written submissions in relation to 22nd Amendment petitions

Deadline ends for written submissions in relation to 22nd Amendment petitions

Energy Minister assures uninterrupted power supply despite coal shortage

Energy Minister assures uninterrupted power supply despite coal shortage

SJB stages protest in Colombo against proposed 22nd Amendment Bill

SJB stages protest in Colombo against proposed 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

Supreme Court concludes hearing of petitions challenging 22nd Amendment Bill

Lassana Flora