IMF deputy urges Sri Lanka to keep up momentum on economic reforms

Singapore News News

IMF deputy urges Sri Lanka to keep up momentum on economic reforms
Singapore Latest News,Singapore Headlines
  • 📰 ChannelNewsAsia
  • ⏱ Reading Time:
  • 16 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 10%
  • Publisher: 66%

WASHINGTON : Sri Lanka is showing a 'strong commitment' to implementing economic reforms but must continue this momentum amid a challenging economic environment, International Monetary Fund Deputy Managing Director Kenji Okamura said on Thursday.In a statement at the conclusion of his visit to Columbo, Ok

WASHINGTON : Sri Lanka is showing a"strong commitment" to implementing economic reforms but must continue this momentum amid a challenging economic environment, International Monetary Fund Deputy Managing Director Kenji Okamura said on Thursday.

In a statement at the conclusion of his visit to Columbo, Okamura said continued open dialogue with Sri Lanka's creditors would help reach restructuring agreements that would restore debt sustainability in line with IMF targets for its $3 billion, 40 month loan to the struggling island country.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

ChannelNewsAsia /  🏆 6. in SG

Singapore Latest News, Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Sri Lanka cenbank unexpectedly cuts rates by 250 bps on improving inflation outlookSri Lanka cenbank unexpectedly cuts rates by 250 bps on improving inflation outlookCOLOMBO : Sri Lanka's central bank caught markets off-guard by cutting its key rates by 250 basis points on Thursday as inflation slowed at a faster-than-expected pace and the price outlook turned more benign.The Central Bank of Sri Lanka (CBSL) cut its standing deposit facility rate and standing lending
Read more »

Sri Lanka unexpectedly cuts rates by 250 bps as inflation easesSri Lanka unexpectedly cuts rates by 250 bps as inflation easesCOLOMBO : Sri Lanka's central bank caught markets off-guard by cutting its key rates by 250 basis points on Thursday, as it cited inflation easing faster than expected and the price outlook turning more benign.The Central Bank of Sri Lanka (CBSL) cut its standing deposit facility rate and standing lending
Read more »

Sri Lanka cuts rates by 250 bps, signals rebound from crisisSri Lanka cuts rates by 250 bps, signals rebound from crisisCOLOMBO : Sri Lanka's central bank cut its key interest rates by 250 basis points on Thursday as inflation eased, signalling that the South Asian nation was emerging from a devastating financial crisis and ready for a rebound in growth. The Central Bank of Sri Lanka (CBSL) cut its standing deposit facilit
Read more »

IMF urges BOJ to keep ultra-low rates, but be ready to shift courseIMF urges BOJ to keep ultra-low rates, but be ready to shift courseTOKYO : The Bank of Japan must keep monetary policy ultra-loose as it will take time to re-anchor inflation expectations to its 2 per cent target, International Monetary Fund's chief economist Pierre-Olivier Gourinchas told Reuters.But the central bank must be vigilant to the risk of price growth overshoo
Read more »

WTA moves San Jose tournament to Washington for combined eventWTA moves San Jose tournament to Washington for combined eventPARIS : The governing body of women's tennis paved the way for the first combined WTA-ATP tournament at the 500 level on Thursday as it approved the move of its San Jose event to Washington this year.San Jose's Silicon Valley Classic, founded in 1971 by American great Billie Jean King, has been held at ve
Read more »

Taiwan, US to sign first deal under new trade frameworkTaiwan, US to sign first deal under new trade frameworkThe first agreement under the framework would be signed in Washington on Thursday morning, US time. Read more at straitstimes.com.
Read more »



Render Time: 2025-04-17 23:07:20