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Posts tagged as “stalled”

Municipal services in Phidim stalled due to employees’ protest:

By Laxmi Gautam in The Kathmandu Post, Oct 12, 2023Nara Bahadur Tumbapo, a permanent resident of ward 5 in Phidim Municipality, reached the municipal office at around 10am on Wednesday to pay land tax. But he had to leave without making the payment as the office was closed due to employees’ protest. Tumbapo’s house is around one hour walk from the municipality office in Phidim. “I urgently needed the receipt of land tax clearance to…

Japan cautious on reviving stalled projects, seeks faster debt deal with China

report in The Island, Aug 6, 2023Japan has asked Sri Lanka to secure a debt restructure deal with China before any discussion on reviving the Light Rail Transit (LRT) project scrapped by former president Gotabaya Rajapaksa, diplomatic sources said. Foreign minister Yoshimasa Hayashi made it clear during his brief visit to Colombo last week for talks with President Ranil Wickremesinghe that priority must be clinching a debt deal with Beijing before the end of August.…

President to visit China to work out major projects

By Damith Wickremasekara in The Sunday Times, July 9, 2023President Ranil Wickremesinghe is set to make an official visit to China in October, his first to that country since becoming the Head of State last year. According to Government sources his main role will be to look for new investments, reach trade agreements and resume funding for stalled projects. Expediting investments for the Colombo Port Financial City and discussions with the Exim Bank on resuming…

$4.5 Billion Loan Programme: Dhaka agrees to 30 conditions of IMF

by Rejaul Karim Byron in The Daily Star, Jan 7, 2023Bangladesh has agreed to as many as 30 conditions of the International Monetary Fund (IMF) for the $4.5 billion loan programme that includes some key structural reforms stalled for years. The loan proposal will be placed at the IMF executive board at the end of January for approval. Before that, IMF’s Deputy Managing Director Antoinette Monsio Sayeh will arrive in Dhaka on a fact-finding mission…