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IMF says Sri Lanka deal sees progress

BusinessTags: Print EditionJune 30, 2022: The International Monetary Fund has reported constructive talks with Sri Lankan authorities, raising hopes it could soon grant preliminary approval for a credit facility to alleviate a crisis…

Economy contracts in 1Q 2022

BusinessTags: Print EditionThe Census Department states that the year on year GDP growth rate for the first quarter of 2022 has been estimated as negative 1.6% which indicated a considerable contraction of the economy compared to the…