COLOMBO, Sri Lanka (AP) — Sri Lanka’s opposition leader said Thursday that if he wins the country's presidential race, he will renegotiate the International ...
, he will renegotiate the International Monetary Fund economic reforms package to ensure rich residents pay more taxes and poor ones see their conditions improve.
"And if there are burdens that have to be imposed, the super-rich and the rich have to disproportionately take a bigger share of the burden rather than the working men and women of Sri Lanka.”under an IMF agreement whereby taxes have been increased to boost state revenue. After the island nation defaulted on its foreign debt in 2022, borrowing was reduced and the printing of new currency notes was stopped by law.
Inflation dropped to 0.5% in August from 70% two years ago under Wickremesinghe's administration. Interest rates have also come down, the rupee has rebounded, and foreign currency reserves have increased. Creditor countries such as India, Japan and France have agreed to defer debt repayments until 2028, giving the island nation space to rebuild its economy.Premadasa is one of the three leading candidates, from a total of 38, and is supported by many ethnic and religious minority groups.
HANOI, Vietnam — The death toll in the aftermath of a typhoon in Vietnam climbed to 233 on Friday as rescue workers recovered more bodies from areas hit by landslides and flash floods, state media reported.SEATTLE — Machinists at Boeing voted Thursday to go on strike, another setback for the giant aircraft maker whose reputation and finances have been battered and now faces a shutdown in production of its best-selling airline planes.MIAMI GARDENS, Fla.
Commerce City detectives ask for public’s help to bring justice to family of woman killed in triple shooting
Ranasinghe Premadasa Ranil Wickremesinghe COLOMBO Sri Lanka Sri Lanka Economic Reforms Opposition Leader Gotabaya Rajapaksa Presidential Election International Monetary Fund Foreign Debt Income Taxes
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