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Posts tagged as “international”

New global report claims IMF bailout now pushed to Q2

report in The Morning online, Jan 13, 2023The International Monetary Fund (IMF) board approval for Sri Lanka’s Extended Fund Facility (EFF) is now expected in the second quarter of 2023, Standard Chartered’s Global Research report revealed. Accordingly, the prediction was made owing to delays in securing financial assurances from its bilateral creditors, the report read, adding that this could further delay negotiations with commercial creditors, which are also expected to be pushed back to the…

Chinese Foreign Minister makes stopover in Dhaka, meets Momen

report in Prothom Alo, Jan 10, 2023Newly appointed Chinese foreign minister Qin Gang held an hour-long meeting with his Bangladeshi counterpart at a brief stopover at Hazrat Shahjalal International Airport in Dhaka early Tuesday. The aircraft carrying Qin stopped at the airport at 1:58 am en route to his visit to Africa. Foreign minister AK Abdul Momen welcomed the Chinese minister at the airport and held a meeting with him at the VIP lounge. Qin…

Taliban set sights on foreign investment

Reuters report, January 3, 2023KABUL: The Taliban administration will encourage self-sufficiency and wants international trade and investment, the acting commerce minister said, as Afghanistan faces isolation and suspension of some humanitarian operations over restrictions on women. “We will start a national self-sufficiency programme, we will encourage all government administrations to use domestic products, we will also try to encourage people through mosques to support our domestic products” Haji Nooruddin Azizi said. “We will support any…

First Part of Joint Market Opens on Border with Uzbekistan

report in ToloNews.Dec 28, 2022The first part of the Termez International Trade Center on the border of Afghanistan and Uzbekistan was opened on Tuesday. Bakhtiar Roziof, head of the trade center, said the joint market has been created with the aim of developing economic and commercial cooperation between the businessmen of the two countries. The market has four thousand shops, a health center, a restaurant, and a separate area for production and logistics and the…

Govt admits IMF approval could delay past Jan.

by Buddhika Samaraweera in The Morning, Dec 22, 2022The Government of Sri Lanka (GoSL) has admitted that the process of obtaining the approval of the International Monetary Fund (IMF) Board of Directors for the desperately needed Extended Fund Facility (EFF) to provide funding for Sri Lanka may stretch beyond January 2023. Speaking on the Ada Derana Big Focus programme yesterday (21), State Minister of Finance Shehan Semasinghe said that the Government is however attempting its…

Chaotic Chaman: edit in The Express Tribune, Dec 16th, 2022

Chaos and confusion is the order of the day at Chaman. The international checkpost with Afghanistan is witnessing mayhem, and none are sure in ascertaining as to what is the reason behind it. The border came under fire from Afghan elements for the third consecutive time in a month, which literally proved that conciliatory and confidence building measures are not working. What is not clear, however, is whether the trigger-happiness is on the part of…