State Minister of Finance, Capital Markets, and State Enterprise Reforms Ajith Nivard Cabral says the International Monetary Fund (IMF) response to the news that Sri Lanka has been able to secure a SWAP facility of 10 billion Yuan (USD 1.5 billion) from the Peoples Bank Of China is quite surprising.
“The request for the Covid assistance was made by the Sti Lankan Government from the IMF early last year at the time the Covid pandemic started. But the IMF was dragging its feet in providing the facility,” he said issuing a statement.
“Nevertheless, the Government managed to effectively provide the necessary relief and support to the Sri Lankan people as well as maintain a framework of sound macro fundamentals and even without such financial support from the IMF.”
Sri Lanka’s official reserves were 4.5 billion US dollars (USD 4,555.7mn) by the end of February, down from 4.8 billion US dollars in January, the latest Central Bank data showed.
By the end of February, the foreign currency reserves were 4,097.3 million dollars while the reserve position in the IMF was 69.2 million dollars.
Special Drawing Rights were 6.7 million, reserves in Gold were 381.4 million and other reserve assets were 1.1 million US dollars.
The outstanding stock of T-bills and T-bonds held by foreigners has remained the same in rupee terms during the reporting week compared to the previous week.
As of 12 March 2021, the Central Bank Treasury bill holdings at the face value was 810,041.88 million rupees.
The engineers building ridiculous dart blasters that Nerf won t touch theverge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theverge.com Daily Mail and Mail on Sunday newspapers.
Sinnaththurai Jeyakumar I first met Sinnaththurai Jeyakumar in 2020 at a particularly good dinner in Jetwing Jaffna’s elegant restaurant. We had eaten well, enjoyed a bottle of wine, and were feeling good. As we thanked our waiter, he asked if we would like to meet the chef.
A moment later there he was. Smart, enthusiastic, with a bright engaging smile topped off by a chef’s hat, Sinnaththurai Jeyakumar came out from the kitchen to meet us. Jeyakumar was the chef responsible for cooking and plating our dinners. Strictly speaking Jeyakumar was the Second Commis Chef who under normal circumstances would be guided by the First Commis Chef instructed by the Chef de Partie reporting to the Sous Chef under the direction of The Chef in Jaffna following the culinary strategies of the Executive Chef in Colombo. But in 2020, after two hard knocks to the tourism industry with the 2019 Easter Bombing and the 2020 COVID-19 crisis, these chains of command had some missing links as the cash
麗寶集團 改變未來住宅佈局 - 產業特刊 chinatimes.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from chinatimes.com Daily Mail and Mail on Sunday newspapers.