International Monetary Fund (IMF) last Thursday announced that a preliminary staff-level agreement with the Sri Lankan government had been reached for a four-year arrangement to provide a $US2.9 billion loan facility, subject to the approval of the IMF the executive board.
IMF announces preliminary bailout loan agreement with Sri Lanka
Tag: political instability
Explained: Why the EU, NATO were in the crosshairs of a huge protest in the Czech capital
Over 70,000 citizens of the Czech Republic gathered at the heart of the nation’s capital Prague in a protest against their government’s failure to control soaring energy prices. The protesters also openly voiced their anger against NATO and the European Union.
Explained: Why the EU, NATO were in the crosshairs of a huge protest in the Czech capital
Think COVID has stunted growth? Try 30 years of conflict.
Readers are stunned at what 12 months of COVID have done to US children. Imagine how a generation of Iraqis have fared under our wars.
Think COVID has stunted growth? Try 30 years of conflict.
Uganda says exploration results show it has 31 million tonnes of gold ore
Uganda says exploration results show it has 31 million tonnes of gold ore
Muyita said Wagagai, a Chinese company, had set up a mine in Busia in eastern Uganda and was expected to start production this year. Wagagai had invested $200 million, he said, and its mine will have a refining unit.
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Parliament early this year enacted a new mining law that, once signed by the president, will pave way for the creation of a state mining company.
The company will compulsorily acquire a 15% stake in every mining operation and investors will be required to sign a production-sharing agreement with the government. Previously investors were given mining production licenses on a first-come, first-served basis.
Related:
Six decades of China-Uganda diplomatic relations and win-win partnership
Debt trap rumour intended to derail Uganda, China friendship
Uganda: President Pledges Rights Improvements
HRW, sponsored by Adessium Foundation, Open Society Foundations, The Ford Foundation.
Looks like HRW & NED are on top of it! #RegimeChange
Ms. Cat’s Chronicles 