report in The Island, July 8, 2023India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven decades, owes $7.1 billion to bilateral creditors— $3 billion owed to China, $2.4 billion to the Paris Club and $1.6 billion to…
Posts tagged as “burden”
by Rejaul Karim Byron in The Daily Star, Jun 1, 2023The government’s foreign debt servicing burden may rise by as much as 45 percent in the next fiscal year due to the devaluation of taka and higher utilisation of foreign loans in recent years. About Tk 24,700 crore would be set aside in fiscal 2023-24’s budget for foreign loan repayment, according to finance ministry officials. It is about $2.42 billion considering the current exchange rate…
By Rathindra Kuruwita in The Island, Feb 13, 2023The government’s decision to postpone non-urgent surgeries, at the state-run hospitals, have placed a moral burden on health professionals, health sector trade unionists say.The announcement was made by the Ministry of Health yesterday. Meanwhile, health unions claim that they have been warning that there are shortages of drugs, medical equipment, and chemicals used in labs, for almost two years. Dr. Chamal Sanjeewa, President of the Physicians’ Union…