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IMF moves to blunt Chinese debt deal delays with lending policy change | Hellenic Shipping News Worldwide

IMF moves to blunt Chinese debt deal delays with lending policy change | Hellenic Shipping News Worldwide
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Sri lankaFrance generalLibby georgeBrent neimanPaul simaoGiulia pellegriniPhilippa fletcherWorld bankInternational monetary fundParis clubLending into official arrearsCommon frameworkAllianz global investors

Sri Lanka unexpectedly raises rates

Sri Lanka's central bank raised interest rates in an unexpected move on Friday in a bid to help the country secure a bailout package from the International..

France generalUnited kingdomSri lankaP nandalal weerasingheThilina panduwawalaInternational monetary fundFund facilityCentral bankFrontier researchParis clubSri lankan central bank nandalal weerasingheMonetary boardColombo based frontier researchLending into official arrears

Sri Lanka raises rates, relaxes currency band to secure IMF funds

The country is awaiting approval of a $2.9bn IMF bailout package as it endures its worst financial crisis since 1948.

France generalUnited kingdomSri lankaP nandalal weerasingheThilina panduwawalaInternational monetary fundFund facilityCentral bankFrontier researchParis clubInternational monetaryGovernorp nandalal weerasingheMonetary boardColombo based frontier researchLending into official arrearsUsiness and economy