President writes open letter to bilateral creditors with appeals and assurances

President writes open letter to bilateral creditors with appeals and assurances Letter with clarifications aimed at providing comfort to all and enable SL to progress swiftly to next stage of the debt treatment negotiations Reiterates he is committed to stay the course, and says SL relies on creditors to do the right thing Woos all to maintain and even enlarge and strengthen official bilateral creditor coordination Says new era starts with full implementation of IMF-supported program and resolution of debt situation Commits to transparency and assures SL will not make any…

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IMF urged Anti-Corruption Bill gets Cabinet approval

IMF urged Anti-Corruption Bill gets Cabinet approval (FT 15-03-2023) After years of long pursuit, the Anti-Corruption Bill ‒ a landmark piece of legislation defining measures to reduce corruption and vulnerabilities by improving fiscal transparency and public financial management was finally approved by the Cabinet of Ministers Monday to proceed with the next steps. The move is a result of negotiations with the International Monetary Fund (IMF) for a bailout package, amidst the ongoing economic crisis. Such a Bill was long overdue and should have ideally come as a result of…

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