Sri Lanka in discussion with IMF on SOE restructuring; says privatization is not first option

Sri Lanka’s new government led by ruling National People’s Power (NPP) is in discussions with the International Monetary Fund (IMF) on the restructuring of state owned enterprises (SOE) and it will not opt for privatization as the first option, Cabinet Spokesman Nalinda Jayatissa said. Soon after the election of President Anura Kumara Dissanayake, his interim […]

Sri Lanka water tariff hike to unlock $200 mln ADB fund for budget support – minister

Sri Lanka cabinet’s decision this week to raise the tariff on water supply will unlock a $200 million funding from the Asian Development Bank (ADB) to be used by the government as the budget support, Minister of Water Supply and Estate Infrastructure said. The cabinet on Monday approved a proposal to raise the water tariff […]