Sri Lanka Progress – By Dr Harold Gunatillake Website: www.Doctorharold.com Transcript: Protest marches are a daily occurrence Gota, Ranil, and others working with consistence *Colombo has taken steps to raise taxes, put state assets on sale and pledged to slash spending to the “bare bones”. *Sri Lanka makes progress toward IMF support – but no bailout package Support through Extended Fund Facility (EFF) is possible Nandalal Weerasinghe was appointed CBSL Governor for Six more years. The International Monetary Fund has ended talks with Sri Lanka, failing to conclude a deal for a bailout package for the near-bankrupt nation after ten days. The IMF has said Sri Lanka needs to whittle down existing debt to ‘sustainable’ levels before receiving any aid. “The discussions will continue virtually to reach a staff-level agreement on the EFF arrangement in the near term,” the IMF said, referring to the credit arrangement, called an extended fund facility. ...