Breaking News
Sri Lanka Cricket appoints Olympic medalist Susanthika Jayasinghe to promote women’s cricket
Sri Lanka Cricket announced the appointment of Olympic Silver Medalist Susanthika Jayasinghe as the ‘Consultant—Mentoring and Development of Women’s Cricket.”
Jayasinghe, one of the most decorated athletes produced by Sri Lanka and the only female athlete to win an Olympic medal for her country and the only Asian woman athlete to have won an Olympic medal in sprint events, will use her story of grit and determination to inspire the present and future generations of women cricketers in Sri Lanka.
Her appointment took effect on February 1, 2023.
President Ranil Wickremasinghe while tabling the IMF agreement in Parliament today (22) in his capacity as the Minister of Finance said that he would introduce Wealth Tax, Gift Tax and Estate Tax in lieu of the existing Property tax.
Aljazeera reported that a magnitude 6.5 earthquake has rattled Afghanistan and northern Pakistan, and tremors were felt as far away as India.
The quake epicentre is 40km (25 miles) south-southeast of the Afghan town of Jurm, near the borders with Pakistan and Tajikistan, according to the United States Geological Survey.
Rezcue officials have confirmed that two persons had died in Pakistan’s Khyber Pakhtunkhwa province.
Breaking News
SRI LANKA RECEIVES IMF EXECUTIVE BOARD APPROVAL FOR THE EXTENDED FUND FACILITY (EFF) ARRANGEMENT
The International Monetary Fund (IMF) has announced that the IMF Executive Board approved Sri Lanka’s program under the Extended Fund Facility (EFF). The program will allow Sri Lanka to access financing of up to US$ 7 billion from the IMF, International Financial Institutions (IFIs) and multilateral organizations.
This is a historic milestone for the country as the Government seeks to restore macroeconomic stability and achieve debt sustainability. Earlier this month, Sri Lanka received IMF-compatible financing assurances from its official creditors, including Paris Club members, India and China, allowing the IMF to convene an Executive Board and consider Sri Lanka’s request for a loan. The program is expected to provide much-needed policy space to drive the economy out of the unprecedented challenges and instill confidence amongst all the stakeholders.
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