Sri Lanka's international bondholders group was prepared to engage with the island nation's authorities in debt restructuring talks consistent with the parameters of the IMF Programme, their legal adviser, White & Case LLP, said.
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Exclusive-Paris Club to give Sri Lanka financing assurances amid IMF debt talks - sourcesLONDON : The Paris Club of creditor nations is ready to provide financing assurances to Sri Lanka, a key step needed to unlock a $2.9 billion bailout by the International Monetary Fund (IMF), two sources with direct knowledge of the matter told Reuters.The informal group of bilateral lenders is set to 'so
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China has not done enough on Sri Lanka debt restructuring - US diplomatCOLOMBO : The United States wants China to provide credible and specific assurances to the International Monetary Fund (IMF) along with other creditors to help Sri Lanka unlock a $2.9 billion bailout, a senior U.S. diplomat said on Wednesday.Sri Lanka entered into a staff level agreement with the global l
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Central banks should stick to 'higher for longer' interest rate approach - IMFGlobal central banks need to make clear to financial markets the probable need for interest rates to remain higher for longer in order to bring inflation sustainably back down to target and avoid a rebound in price pressures, the International Monetary Fund said on Thursday.The warning comes amid a signif
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Schools resume height-based activities but at lower capacity, after 2-year suspensionSINGAPORE — Schools in Singapore on Tuesday (Feb 1) resumed height-based activities but at a lower capacity, following a near two-year suspension prompted by a fatal incident during a camp programme.
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Schools resume height-based activities but at lower capacity, after two-year suspensionSINGAPORE — Schools in Singapore on Tuesday (Feb 1) resumed height-based activities but at a lower capacity, following a near two-year suspension prompted by a fatal incident during a camp programme.
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ChatGPT owner launches 'imperfect' tool to detect AI-generated textOpenAI, the creator of the popular chatbot ChatGPT, has released a software tool to identify text generated by artificial intelligence, the company said in a blog post on Wednesday (Feb 1). ChatGPT is a free programme that generates text in response to a prompt, including articles, essays, jokes and even poetry, which has gained wide popularity since its debut in...
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