Taking a firm stand against the violence incited against peaceful protestors who have been calling for the establishment of a people’s government for nearly a month, trade unions across the country will withdraw from services tomorrow.
South Asian economies are emerging from the deep COVID-19 recession, burdened by high inflation, rising current account deficits, and deteriorated fiscal balances, which are exacerbated by the impact of war in Ukraine, the latest update by the World Bank (WB) on the regional economic outlook revealed.
The International Monetary Fund said discussions with Sri Lanka on a potential IMF loan program are at an early stage and any deal would require ’’adequate assurances’’ that the island country’s debts can be put on a sustainable path.