Dispelling predictions of global financial institutions on the country’s high proportion of short-term debt, the Sri Lanka government says that its better debt management, both directly and indirectly, has already started to take effect, State Minister of Finance Ajith Nivard Cabraal said.

US Secretary of State, Mike Pompeo on Wednesday called on Sri Lankan President Gotabaya Rajapaksa and discussed a range of bilateral issues, including economic partnership based on transparent trade and investment, COVID-19 as well as a shared commitment to democratic freedoms.