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Former President Muhammadu Buhari, in May, requested Senate approval to obtain a loan facility of $800m from the World Bank to be distributed to poor and vulnerable households.
Latest news, analysis and opinions from the Daily FT, Sri Lanka's only national business newspaper. ..
Barring any last-minute change in plan, the names of members of some select committees of the Senate will be announced this week, Sunday PUNCH
Yellen's recent visit to China has acknowledged concern about new export controls recently announced by China and stressed the importance of building resilient and diversified supply chains.
Sri Lanka is asking foreign investors in its international sovereign bonds to take a 30% haircut and is seeking similar concessions from holders of its other dollar-denominated bonds as it seeks to restructure its massive debt, its central bank governor said on Thursday. The government will also exchange treasury bills into long-term bonds as part of a domestic debt restructuring programme, Nandalal Weerasinghe told a press conference as he unveiled details of the long-awaited plan, which will cover part of the island nation's $42 billion domestic debt. Sri Lanka is struggling with its ...