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Sri Lankans - Basil Rajapaksa - Udaya Gammanpila - We’ll have to sell assets to feed the people, warns Gammanpila - newsfirst.lk - Usa - Sri Lanka
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We’ll have to sell assets to feed the people, warns Gammanpila
COLOMBO (News 1st); When a Sri Lankan Minister who is a US citizen, negotiates with the United States on behalf of Sri Lanka, it goes beyond reasonable doubt that he will stand for the United States than Sri Lanka, as his property and family are in America, and he can easily return back without consequences after his tenure ends, says former Minister Udaya Gammanpila.Participating in the News 1st ’10 questions’ program, the former Minister alleged that although he did not protest against the 20th amendment when it was introduced, he stated that he fought for the East Terminal of the Colombo Port not to be handed over to foreign investors in the Cabinet.He said that the solutions presented by him to address the crises in Sri Lanka were disregarded as well.He further alleged that Finance Minister Basil Rajapaksa, who he dubbed as ‘The Ugly American’ was behind the New Fortress LNG deal, as well as the investments behind the East Container Terminal.The former Minister also said that the Finance Minister wants to take the country to a point where the economy is collapsed, food shortage is imminent alonfg wiith medicine and fuel.He warned that due to these actions at a certain point national assets must be sold to the United States to feed Sri Lankans.Watch the Full Program Here ;
Nearly three-quarters of Brits now experience a 'fear of going out' due to pandemic - dailystar.co.uk - Britain
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Nearly three-quarters of Brits now experience a 'fear of going out' due to pandemic
FREE NOW, revealed it will take an average of nearly five months before people are comfortable socialising like they did before the pandemic.But over half (57%) are “determined” to make more of an effort to overcome these angsts.Robert Fernandez, director of operations at FREE NOW, said: “This research clearly shows how widespread concerns about COVID are, and that this concern continues to inform choices of people in the UK.“As we thankfully move from living in a pandemic to learning how to live with COVID, it is important that we keep in mind, even with all restrictions lifted, that not everyone is ready to fully get back out there yet.“This is an understandable and common response to what has been a difficult time for many, and we need to recognise and respect that everyone is adjusting to this new normal at their own pace.“That is why we have partnered with Chartered Psychologist, Dr Meg Arroll, to help people arrive at their destinations more relaxed and ready to enjoy themselves.”The study also found that more than half of those who have experienced FOGO have tried to combat their concerns – but admitted the apprehension persists.And nearly a fifth (18%) will look to travel in a taxi to their destination, rather than on public transport, to compose themselves.Dr Meg Arroll, who has teamed up with FREE NOW, said: “Life has been challenging these past two years, and now that restrictions have fully eased and the world is opening up again, we’re all getting ready to step out.“But as we’ve had such an extensive period of uncertainty and anxiety, it’s not surprising that there still remains a sense of unease about going out – or FOGO, the fear of going out.“However, there are many strategies that we can all use to calm
IMF calls for expenditure rationalization & prudent management of Port City project - newsfirst.lk - Sri Lanka - city Port
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IMF calls for expenditure rationalization & prudent management of Port City project
COLOMBO (News 1st); The International Monetary Fund says that due to Sri Lanka’s persistent external debt service burden, international reserves would remain inadequate, despite the authorities’ ongoing efforts to secure FX financing from external sources.In a statement, the IMF adds that unless the fiscal and balance-of-payments financing needs are met, the country could experience significant contractions in imports and private credit growth, or monetary instability in case of further central bank financing of fiscal deficits.The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sri Lanka on February 25, 2022.The IMF Executive Directors have called for continued improvements to expenditure rationalization, budget formulation and execution, and the fiscal rule.They also encouraged the authorities to reform state-owned enterprises and adopt cost-recovery energy pricing.Directors called for renewed efforts on growth-enhancing structural reforms.They stressed the importance of increasing female labor force participation and reducing youth unemployment. Further efforts are needed to diversify the economy, phase out import restrictions, and improve the business and investment climate in general.Directors also called for prudent management of the Colombo Port City project and continued efforts to strengthen governance and fight corruption.FULL STATEMENT:The Executive Board of the International Monetary Fund (IMF) concluded the Article IV consultation with Sri Lanka on February 25, 2022.Sri Lanka has been hit hard by COVID-19.
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