Light is visible in the distance.. People of Sri Lanka are happy..! | Sri Lanka hopes to reach initial agreement with IMF says Nandalal Weerasinghe

Sri Lanka

India and Tamil Nadu have been helping Sri Lanka to ease food and fuel shortages, and the IMF has been asking the organization for months to help the country get back on the path to growth.

Central Bank of Sri Lanka

Central Bank of Sri Lanka

According to the information released by the Chairman of the Central Bank of Sri Lanka, the Governor of the Central Bank of Sri Lanka, Nandalal Weerasinghe said that the country’s government and the IMF are going to sign an agreement soon to get a bailout package to save the economy of Sri Lanka.

Economic and financial status

Economic and financial status

Sri Lanka froze all external debt in April to protect its economic and financial position. Sri Lanka’s total external debt is $51 billion, of which $28 billion is due by 2027.

Chinese spy ship

Chinese spy ship

Meanwhile, the most important thing going around Sri Lanka over the past week, beyond the economic and financial crisis, is the Chinese spy ship. Despite the protests of the Indian government, China has allowed a spy ship into the country.

Yuan Wang 5 ship

Yuan Wang 5 ship

A Chinese ship arrived at Sri Lanka’s Ambantota port on Tuesday morning, defying security concerns raised by India that it could spy on Indian military bases.

spy ship

spy ship

International shipping and analysis websites describe China’s Yuan Wang 5 as a research and inspection ship, but Indian media reports say it is a dual-use spy ship.

Until August 22

Until August 22

The ship was originally scheduled to arrive at the Chinese-built and leased port of Hambantota on August 11, but Sri Lanka refused to allow the Chinese ship. But on August 13 Sri Lanka gave permission. Sri Lanka allowed the ship to dock at the island from August 16 to August 22.

Facebook
Twitter
LinkedIn
Pinterest
Pocket
WhatsApp

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Recent News

Editor's Pick