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Posts tagged as “moratorium”

Foreign research vessels: Govt. moots moratorium

by Asiri Fernando in Daily Morning, Dec 18, 2023The Government of Sri Lanka is considering a moratorium on granting diplomatic permission for foreign marine scientific research (MSR) vessels for 2024 and beyond, senior government sources close to the matter told The Daily Morning. The decision comes weeks after Sri Lanka communicated a reviewed standard operational procedure (SOP) to grant diplomatic approval for foreign warships, aircraft, and research vessels to traverse Sri Lankan waters, airspace, and…

Sri Lanka seeks 10-year debt moratorium

AFP report in Daily Mirror online, 21 March 2023Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout. Wickremesinghe’s office quoted him as saying the widely expected IMF rescue “will only give us a breathing space where they will say we are no longer bankrupt”. “All the money we have to…