The IMF bailout process made slow progress due to the need to restructure Sri Lanka’s nearly 50 billion dollar external debt.
A previous Chinese letter giving a two-year moratorium on debt repayment had been deemed inadequate by the IMF. Wickremesinghe said the IMF programme which will be there for over the next four years would be different from all of the previous 16 programmes with the Washington-based global lender. He said the government has to take many hard economic decisions in order to stabilise the economy and work towards growth. The government measures to order tax hikes, raise utility tariffs and end fuel subsidies had triggered political protests. “I would like to apologise to the people for the hardships”, he said. The IMF in September last year approved Sri Lanka a 2.9 billion dollar bailout package over 4 years pending Sri Lanka's ability to restructure its debt with creditors -- both bilateral and sovereign bondholders.
Outlook covers the latest India news, analysis, business news and long-form stories on culture, money market and personal finance. Read India's best online magazine.PTI (Outlook India)
Israel has had a strategic alliance with Azerbaijan for the past two decades, and Israel sells the…country weapons worth billions of dollars – and in return, Azerbaijan, per sources, supplies Israel with oil and access to Iran.
According to foreign media reports, Azerbaijan has allowed the Mossad to set up a forward branch to monitor what is happening in Iran, Azerbaijan’s neighbor to the south, and has even prepared an airfield intended to aid Israel in case it decides to attack Iranian nuclear sites. Reports from two years ago stated that the Mossad agents who stole the Iranian nuclear archive smuggled it to Israel via Azerbaijan. According to official reports from Azerbaijan, over the years Israel has sold it the most advanced weapons systems, including ballistic missiles, air defense and electronic warfare systems, kamikaze drones and more.
These Silk Way aircraft (and others) have landed at Ovda almost 100 times since the permit was issued. The data expose an increasing pace of flights to Baku especially in the middle of 2016, in late 2020 and at the end of 2021 – which coincide with periods of fighting in Nagorno-Karabakh….
http://These Silk Way aircraft (and others) have landed at Ovda almost 100 times since the permit was issued. The data expose an increasing pace of flights to Baku especially in the middle of 2016, in late 2020 and at the end of 2021 which coincide with periods of fighting in Nagorno-Karabakh &.