Sri Lanka President Gotabaya Rajapaksa has refused to accept the resignation of top Board of Investment officials, informing in writing that he has confidence in them, sources aware of the matter said.
Germany has urged Sri Lanka to end import controls which have blocked vehicles and other goods for over two years as money printed to keep rates low, created forex shortages and depleted forex reserves.
Sri Lanka in talks for milk credit line from New Zealand economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
IMF has a role in Sri Lanka after framework decided: Jayasundera economynext.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from economynext.com Daily Mail and Mail on Sunday newspapers.
Sri Lanka will reduce its international sovereign bond (ISB) stocks gradually without going for new such instruments in the next few years and is expected to replace them either with another debt instrument or longer tenure borrowing, President’s Secretary P B Jayasundera said.