Rohan Weliwita, a spokesperson for Prime Minister Mahinda Rajapaksa, said the president has not communicated any intent to remove the prime minister.
The move paves the way for a presidential vote in Somalia after more than a year of political deadlock.
Region faces "stagflationary" risk, a senior IMF official warns, citing Ukraine conflict, spike in commodity costs and a slowdown in China as creating significant uncertainty.
British, French and Canadian officials follow the US in boycotting Russia as the world's 20 top economies gather to discuss the global challenges like rising debt and a possible food crisis.
China promised to try to reduce the human and economic cost of anti-disease controls, saying the virus was “under effective control” for the first time in some parts of the city.
The International Monetary Fund has cut the growth rate for eurozone for 2022 to 2.8 percent, from 3.9 percent in its January estimate.
The power transfer from president to parliament will be one of the steps aimed at politically stabilising the crisis-hit country, Prime Minister Mahinda Rajapaksa says.
The government hopes the assistance programme will help top up its reserves and attract bridge financing to pay for essential imports of basic goods amid a devastating financial crisis.
Countries around the world are reducing their dependence on Beijing, World Bank chief David Malpass says, adding China needs to be part of a value system shared by other countries.
Sri Lanka's Finance Ministry said creditors, including foreign governments, were free to capitalise any interest payments due to them or opt for payback in Sri Lankan rupees.
Some of the world’s lower-income nations face a serious debt crisis which will complicate their efforts to recover from the pandemic-induced global recession.
The IMF's top official has warned of a decrease in the US currency’s dominance in global markets after imposing sanctions on Russia.
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