Thread by @Economynext

Stay tuned for live updates on the thread below.

#SriLanka #SLNews #LKA

President @RW_UNP addresses @ParliamentLK.

@ADB_HQ has agreed to provide #SriLanka a loan of US $500 million.

#SLNews #LKA #EconomicCrisisLK

#Japan will assist #SriLanka in Credit Reconciliation procedures and will be the Co-Chair in negotiating with debit countries. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

Regarding the IMF clauses and corruption, @MOJSriLanka is bringing a new corruption law that will include the @UN provisions referred to in the staff-level agreement. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

The staff level agreement is subjected to clarification by the board. Unlike the earlier instances, we still have to go and meet the principal creditors, so we don't know whether there will be any other conditions imposed. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

Arrangements have been made for the next two to three weeks for the members of the opposition along with the cabinet to get a briefing on @IMFNews. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

President @RW_UNP says that #SriLanka has received a green light from #Japan.

#SLNews #LKA #EconomicCrisisLK

Steps have been taken to provide fertilizer & seeds required for the upcoming Maha season. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

The government has taken measures to identify segments of society that are deeply hit by the #EconomicCrisisLK and ensure their food security. - @RW_UNP

#SLNews #LKA #EconomicCrisisLK

President @RW_UNP is hopeful that #China will help #SriLanka during this economic juncture.

#SLNews #LKA #EconomicCrisisLK

"We already have commenced preliminary discussions with #China on debt restructuring. Following the convention of the Chinese Communist Party, we will recommence the discussions With them." President
@RW_UNP.

#SLNews #LKA #EconomicCrisisLK

"Every citizen contributes to the 80% of indirect taxes, even the poorest of the poor. Changing this situation is the need of the era." - President @RW_UNP

#SLNews #LKA #EconomicCrisisLK

President @RW_UNP said that if Sri Lanka is to maintain free education & health, government tax revenue must be 18% of GDP. - President @RW_UNP

#SLNews #LKA #EconomicCrisisLK

"The Government must earn revenue through taxes as we will have no future if we keep printing money." - President @RW_UNP

#SLNews #LKA #EconomicCrisisLK

"According to the 2019 tax policies, 14% of the GDP was earned through taxes but the change in this policy resulted in tax revenue dropping to 8.5%. Now we have discussed with @IMFNews & agreed to increase it back to 14%." - President @RW_UNP

#SLNews #LKA #EconomicCrisisLK

President @RW_UNP informs @ParliamentLK that he briefed #Indian Prime Minister @narendramodi in #Japan and received a positive response.

#SLNews #LKA #EconomicCrisisLK

@PodujanaParty Ranjith Bandara was elected as Chairman of the Committee on Public Enterprise (COPE) with 14 votes.

#SLNews #LKA #EconomicCrisisLK