Harsha De-Silva Ajith Nivard Cabraal China India Sri Lanka economy Progressive Harsha De-Silva Ajith Nivard Cabraal China India Sri Lanka

CBSL has no intention of going to IMF, & believes issues are short-lived, says Harsha

Reading now: 543
www.newsfirst.lk

COLOMBO (News 1st); Several Parliamentarians from the Samagi Jana Balavegaya, Sri Lanka’s main opposition faction, visited the Central Bank on Wednesday (9) to meet with Governor Ajith Nivard Cabraal.“Our meeting was strictly professional and not political,” said Dr.

Harsha De Silva who attended the meeting, adding that the main focus was highlighting the suffering of the people in the present day.The Central Bank officials believe that the issue is short-term, and had no intention of moving towards the International Monetary Fund or other agencies to restructure Sri Lanka’s debt, said the MP.“The Central Bank officials are of the view that the issues will be short-lived and can be solved by obtaining more loans from China and other lending countries,” he added.Dr.

Harsha De Silva noted that $ 500 Mn due to India for January had been pushed back to March, however, another $ 400 Mn that accumulated in January and February, were to be settled this week.“We clearly understood that the Central Bank does not have money, even though they did not spell it out to us,” said Dr.

Harsha De Silva, adding that when questioned about Sri Lanka’s $ 1.5 Bn in reserves, the Central Bank officials had admitted that it what was in the reserves was the Yuan facility.“If India has not postponed the payment of the accumulated $ 900 Mn, Sri Lanka would have gone bankrupt,” he pointed out while thanking India for its consideration to postpone the settlement.The Samagi Jana Balavegaya Parliamentarian said the Central Bank had greatly reduced printing money by Rs.

Read more on newsfirst.lk
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.

Related News

Jason Copping - Alberta expands access to 4th doses of COVID 19 vaccines - globalnews.ca
globalnews.ca
37%
751
Alberta expands access to 4th doses of COVID 19 vaccines
COVID-19 vaccine.Beginning Tuesday, those who are ages 70 and older as well as First Nations, Métis and Inuit people 65 and older can get the second booster shot.The province says all seniors in congregate care, regardless of age, can also receive the dose.Health Minister Jason Copping said in a release Wednesday that the number of COVID-19-positive patients in hospital remains stable. However, he said the Omicron subvariant BA.2 now makes up about 80 per cent of new cases in Alberta, bringing the potential for increased transmission and some increase in admissions.Copping said the province is well-positioned to manage any increase in hospital admissions but urged people to protect themselves.“Albertans have access to vaccines and antiviral treatments for protection against severe outcomes,” Copping said.“I encourage everyone to get vaccinated with every dose you’re eligible for and to stay home if you’re feeling unwell.”Eligible people can book their fourth dose provided at least five months have passed since their third.The United Conservative Party government’s announcement follows a recommendation from the National Advisory Committee on Immunization.Earlier Wednesday, Manitoba expanded eligibility requirements for people to get a second booster dose of a COVID-19 vaccine.Those eligible include residents of personal care homes and in congregate settings, such as supportive housing and assisted living facilities.
DMCA