As economic challenges continue to rise for countries across the world even as many have braved through the challenges stemming from the pandemic, air cargo demand dropped by 11.2 percent year-on-year (YoY) in April, while cargo load factors dipped by 5.2 percent 51.6 percent and capacity by 2 percent.
The International Monetary Fund (IMF) concluded the virtual mission to Sri Lanka today following technical discussions with the economic team led by Governor of the Central Bank of Sri Lanka Dr. Nandalal Weerasinghe and Secretary to the Treasury Mahinda Siriwardena.
The Monetary Board of the Central Bank of Sri Lanka, at its meeting held on 18 May 2022, decided to maintain the Standing Deposit Facility Rate (SDFR) and the Standing Lending Facility Rate (SLFR) of the Central Bank at the current levels of 13.50 per cent and 14.50 per cent, respectively.
Hydropower companies in Sri Lanka held discussions recently with Nepal’s Ministry of Energy, Water Resources and Irrigation (MOEWRI) and Nepal Electricity Authority (NEA) on the investment opportunities for hydropower development.