COLOMBO - When former justice minister Ali Sabry visited Sri Lanka's president last Monday , it was for talks
Foreign exchange reserves have plummeted to US$1.93 billion and debt payments several times that amount are looming. For four days after his resignation offer, no other candidate stepped forward, he said, and by Friday he had resolved to go ahead, following further discussions with family, the president and officials.On Friday, when Sabry rose to speak in parliament, a lawmaker pointedly asked what capacity he was talking in."As I told ... parliament, what you need is not to be an economist.
Faced with the challenge of immediately finding US$3 billion to pay for essential goods that he describes as"Herculean", Sabry said he has the full backing of the president, the prime minister and his ruling party leaders.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
United States United States Latest News, United States United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Sri Lanka seeking $4 billion in months to stave off crisis: Finance ministerGet it from their corrupt leaders who got bribes from china.
Source: STForeignDesk - 🏆 4. / 71 Read more »
Sri Lanka to seek US$3 billion to stave off crisis: Finance ministerCOLOMBO: Sri Lanka will need about US$3 billion in external assistance in the next six months to help restore supplies of essential items including fuel and medicine, its finance minister told Reuters on Saturday (Apr 9). The island nation of 22 million people has been hit by prolonged power cuts and short But how are we going to pay all these debts? But Minister Johnston Fernando gets all the money required to build roads. So as the Defence Ministry budget? WHY, WHY, WHY? What is this madness? GoHomeGota RajapaksasGoHome I'm sure this forthcoming dollar assistance will include at least 10% of foreign assets alleged to have invested by certain patriotic SriLankan politicians in off-shore heavens including Australia welikalaa chaturaalwis Sesiri KernerPathum anuradisanayake SirasaTVlk
Source: ChannelNewsAsia - 🏆 6. / 66 Read more »