President Ranil calls for strong, united NAM to contribute to a better world
By: Staff Writer
January 20, Colombo (LNW): President Ranil Wickremesinghe on Friday (Jan.18) highlighted how digital divide and Weapons of Mass Destruction have deepened inequalities between NAM (Non-Aligned Movement) developing states and the developed world.
Addressing the 19th Non-Aligned Movement Summit in Kampala, Uganda, Wickremesinghe also emphasized the need for a strong, united NAM, the President’s Media Division (PMD) said.
Furthermore, the Sri Lankan Head of the State urged the reinvention of NAM to contribute to a better world, according to the PMD.
He emphasized the critical need to bridge digital divides and tackle the looming threat of Weapons of Mass Destruction.
Under the theme “Deepening Cooperation for Shared Global Affluence,” the President highlighted how these issues have further widened the gap between NAM developing states and the developed world, deepening global inequalities
IMF says Swift completion of final agreements with official creditors critical for Sri Lanka.
The International Monetary Fund (IMF) says it is critical for Sri Lanka to swiftly complete the final agreements with the official creditors and reach a resolution with the external private creditors.
IMF mission team, led by Senior Mission Chief Peter Breuer, was in Sri Lanka from January 11-19 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.
The delegation says the economic reform program implemented by the Sri Lankan authorities is now yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves.
Commending the commendable progress made by putting debt on a path towards sustainability, the IMF mission team highlighted that execution of the domestic debt restructuring was an important milestone.
However, swift completion of final agreements with official creditors and reaching a resolution with external private creditors remain critical, the statement underscored.
