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Posts tagged as “instead”

153 still missing, families waiting for their return

by Nurul Amin in Prothom Alo, Aug 30, 2023When Md Sohel from Bangshal in Old Dhaka went missing, his daughter Safa was just two months old. Now 10-year-old Safa is a third grader. Many of her classmates go to school holding hands of their fathers, and tell stories of their father to other classroomates. But Safa has no such stories. Instead, she asks her Mother Nilufar Yesmin, where her father is. She wants to go…

China bucks restructuring, stands for management

by Kelum Bandara in Daily Mirror, Aug 19, 2023In rescheduling Sri Lanka’s external debts, China, as the single largest bilateral creditor, is likely to have its own ‘debt management’ criterion for Sri Lanka instead of having a common mechanism with other creditors, a top source said. Sri Lanka is currently in the process of restructuring its debts in keeping with programme with the International Monetary Fund (IMF). India, France and Japan have formed a common…

India to allow Sri Lanka to repay debt over 12 years, instead of 3 to 4

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…