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Reuters says that Sri Lanka has decided to transfer management of its $209 million Chinese-funded airport to two companies from India and Russia, according to a statement from the cabinet on Friday.The post Sri Lanka turns to Indian and Russian companies to manage Chinese-funded Airport appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- 03/12/2010 14:45 INDIA – CHINA – SRI LANKA Chinese aid to Sri Lanka could lead to conflict (AsiaNe (Category: Breaking News)
- Sri Lanka: Chinese companies begin road extension work in Jaffna (Category: Breaking News)
- Rock slows Sri Lanka port project (Category: Breaking News)
- Sri Lanka pins hopes on China-funded port (Category: Breaking News)
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...
- Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis (Category: Breaking News)
- Government settles US$ 1,909.7 million foreign debt and interest – Rajith Keerthi Thennakoon (Category: Breaking News)
- Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
Secretary to the Treasury and Finance Ministry Mahinda Siriwardana has said that even if Sri Lanka achieves the goal of zero corruption, tax revenue will still have to be increased to bridge the budget deficit and lessen the country’s debt burden. Referring to the Supreme Court ruling pertaining to economic management delivered on Nov 14, […]
- EPF asked to pay 30% tax unless it participates in domestic debt restructuring process (Category: Breaking News)
- CB Governor outlines importance of DDR to protect banks and save overall economy (Category: Breaking News)
- IMF team gives prognosis for Lanka at conclusion of nearly two-week visit (Category: Breaking News)
- Govt. retains two foreign firms to restructure ISBs (Category: Breaking News)
In the global political landscape of 2024, Reuters provides a comprehensive overview of key elections shaping the economic and geopolitical landscape across diverse regions. From Europe, where the rise of Eurosceptic far-right parties poses challenges to the European Union’s integration, to Russia, where Vladimir Putin is set for another term amid heightened tensions with the […]
- ‘SL’s inflation reduced to single digit levels in 2023 along with restoration of price stability’ (Category: Breaking News)
- Nexus between money, exchange rate, money printing and inflation (Category: Breaking News)
- Inflation – Public Enemy Number One (Category: Breaking News)
- Isn’t cleansing hearts a political issue? (Category: Breaking News)
[…]The post Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
Official creditors and Sri Lanka have agreed, in principle, on restructuring the country’s debt. The Paris Club said that following the launch event in April 2023, 17 countries formally formed, on May 9, an Official Creditor Committee (OCC) co-chaired by India, Japan and France (as chair of the Paris Club) to respond to the Sri […]
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
World leaders have been gathering in India ahead of a G20 summit between nations that are divided on many issues, the biggest being the war in Ukraine following Russia’s invasion. On Friday evening US President Joe Biden met his host, Indian Prime Minister Narendra Modi, with the leaders pledging cooperation in a raft of areas. […]
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Russia hails unexpected G20 ‘milestone’ as Ukraine fumes (Category: Breaking News)
- Modi US visit: Why Washington is rolling out the red carpet for Indian PM (Category: Breaking News)
- India stands with Manipur -PM Modi (Category: Breaking News)
US President Joe Biden and Indian Prime Minister Narendra Modi have pledged to deepen ties between their two countries, as the leaders held direct talks ahead of a Group of 20 summit in New Delhi at the weekend. In a joint statement on Friday, shortly after Biden landed in the Indian capital, the US and […]
- Modi makes outreach effort to placate angry Indian farmers (Category: USA, South Dakota)
- Modi makes outreach effort to placate angry Indian farmers (Category: USA, South Dakota)
- Modi makes outreach effort to placate angry Indian farmers (Category: USA, South Dakota)
- Modi makes outreach effort to placate angry Indian farmers (Category: USA, South Dakota)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? appeared first on Colombo Telegraph.
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
U.S. Treasury Secretary Janet Yellen said on Sunday she was "eager" to work with China on areas of mutual interest, including debt restructurings for poorer countries, and that multilateral development banks needed reforms before capital increases could be considered.The post Yellen ‘eager’ to work with China on debt, other global challenges appeared first on ONLANKA - Sri Lanka Latest...
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
- Janet Yellen warns US could run out of cash by 1 June (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic
- Pakistan’s ex-president, Pervez Musharraf dies aged 79 (Category: Breaking News)
- JP Morgan to take over First Republic bank (Category: Breaking News)
- Nearly 40 pupils killed by militants in Uganda school attack (Category: Breaking News)
- Protesters among prisoners pardoned by Iran leader (Category: Breaking News)
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
[…]The post Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century appeared first on Colombo Telegraph.
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpo... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
[…]The post Sri Lanka Is Still In Deep Trouble, With Or Without Ranil appeared first on Colombo Telegraph.
- Calm Before The Storm! Aragalaya -’22 Has Rested Enough!!! (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Love Him Or Hate Him: Only Ranil Wickremesinghe Has The Depth Of Mind To Focus On Future Directi... (Category: Breaking News)
- Janatha Aragalaya: The People’s Struggle In Sri Lanka (Category: Breaking News)
The UK is set to be one of the worst performing major economies in the world this year, according to the International Monetary Fund (IMF). It says the UK economy’s performance in 2023 will be the worst among the 20 biggest economies, known as the G20, which includes sanctions-hit Russia
- Prince Harry accuses Prince William of physical attack (Category: Breaking News)
- FBI makes arrests over alleged secret Chinese ‘police stations’ in New York (Category: Breaking News)
- Turkey earthquake death toll could increase eight-fold (Category: Breaking News)
- UK Government to block Scottish gender bill (Category: Breaking News)
Sri Lanka in the throes of the worst economic crisis since Independence has resorted to some desperate action; it has for the first time in its history declared bankruptcy, suspended debt repayment, secured an IMF bailout for the 17th time, and agreed to extremely stringent loan conditions, which have already caused social unrest with people […]
- How governments use IMF bailouts to hurt political opponents – new research (Category: Breaking News)
- IMF China and debt-trap (Category: Breaking News)
- Income inequality: How the rich got richer and what politicians are doing about it (Category: Business)
- SL economy, IMF claims, and reality (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasized during an interview organized by Harvard University on the 24th, through Zoom technology, that Sri Lanka’s access to the growing Indian and African markets should not be disrupted by any big power rivalry or conflictThe post Sri Lanka’s access to growing Indian & African markets cannot be disrupted – President Ranil appeared fir...
- Sri Lanka will not allow anything harmful to India’s security – President Ranil (Category: Breaking News)
- Fearing political pressure, Sri Lanka president wants to avoid trade integrations with India (Category: Breaking News)
- Sri Lanka to establish International Trade Office to deal with International Trade Negotiations (Category: Breaking News)
- Sri Lanka President says ‘this is our last chance to forge ahead’ (Category: Breaking News)
There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option.The post IMF flags debt restructuring hurdles
- IMF chief Kristalina and Sri Lanka President Ranil discuss ongoing reforms and debt restructurin... (Category: Breaking News)
- IMF chief Georgieva cites ‘fruitful exchange’ with China on debt issues (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- IMF flags debt restructuring hurdles for distressed economies (Category: Breaking News)
Officials from China, India, Saudi Arabia and Group of Seven nations will participate in a first virtual meeting of a new sovereign debt roundtable on Friday, the International Monetary Fund said on Monday, confirming an earlier Reuters report.The post China, U.S. to participate in first meeting
- China agrees to formation of global sovereign debt ’roundtable’ – IMF chief (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- China, US to participate in first meeting of new debt roundtable on Feb. 17 (Category: Breaking News)
- Debt restructuring making progress in countries such as Sri Lanka – IMF (Category: Breaking News)
Sri Lanka is to attend a virtual meeting of a new sovereign debt roundtable meeting led by the International Monetary Fund (IMF) the World Bank and India. Officials from China, India, Saudi Arabia and Group of Seven wealthy nations will participate in the meeting on Friday, Reuters reported
- China, U.S. to participate in first meeting of new debt roundtable on February 17 (Category: Breaking News)
- IMF chief seeks timely resolution of Sri Lanka’s debt restructuring (Category: Breaking News)
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- Sri Lanka participates in global sovereign debt roundtable meeting (Category: Breaking News)
USD 3 mn Japanese grant attached to ongoing project By Shamindra Ferdinando An agreement on the much advertised cash assistance, provided exclusively to paddy farmers by the Wickremesinghe-Rajapaksa government, was finalised several weeks before then President Gotabaya Rajapaksa stepped down on July 14, 2022 amidst violent protests. The Asian Development Bank (ADB) has provided the […]
- ADB to disburse US$ 203 Million emergency loan to support Sri Lanka’s poor and vulnerable (Category: Breaking News)
- ADB: Political stability essential amidst controversy over LG polls and 13A (Category: Breaking News)
- Sri Lanka signs agreement for 200mn USD ADB loan, 3mn USD Japan grant (Category: Breaking News)
- ADB approves USD 200 Mn loan to mitigate Sri Lanka s food crisis (Category: Breaking News)
[…]The post Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth World appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- The Easter Attacks & A Game Of Thrones: The Master Mind, A Cover Up Investigation & AI (Category: Breaking News)
- Lanka’s Vanishing Fish: Corporate Capture & Import Dependency Deepen The Debt Trap (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
By MAHADIYA HAMZA ECONOMYNEXT – Sri Lanka’s tourism revival is facing a challenge in bringing in more high spending foreign visitors due to increasing protests locally while monetary tightening, impacts of Russian invasion into Ukraine, and rising inflation globally.The move is likely to slow the island nation’s recovery from the unprecedented economic crisis as it is […]
- Developing plans and policies without young people is a futile exercise: UNICEF Sri Lanka (Category: Breaking News)
- Urgent measures needed to halt exodus of skilled personnel (Category: Breaking News)
- UNDP, EU assistance to equip tourism industry for sustainable future (Category: Breaking News)
- OPA panel discussion: The Role of Domestic Aviation in Sri Lanka Tourism (Category: Breaking News)
By Rebecca Bundhun India’s economy and equity markets are outperforming most of their global peers. Despite a slew of challenges including macroeconomic headwinds stemming from Russia’s war in Ukraine, elevated crude oil prices and tightening liquidity globally, the growth story of Asia’s third-largest economy remains intact. “The Indian economy and equity markets proved to be [&...
- $ 400 m IMF lifeline for struggling Sri Lanka (Category: Business)
- Etihad gets first Boeing 747-400 freighter (Category: Business)
- ‘India is in a sweet spot for the next few years’ (Category: Breaking News)
- Apparel producers decry 400% off-peak electricty price hike (Category: Breaking News)
[…]The post ‘Make The Economy Scream’: Whither The Asian 21st Century? appeared first on Colombo Telegraph.
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- IMF, Sri Lanka’s Resource Curse & Privatization Of The Central Bank (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
Western countries this week ratcheted up their criticism of China, the world's largest bilateral creditor, as the main obstacle to moving ahead with debt restructuring agreements for the growing number of countries unable to service their debts.The post Global finance leaders single out China as barrier to faster debt relief appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ON...
- Yellen ‘eager’ to work with China on debt, other global challenges (Category: Breaking News)
- Janet Yellen warns United States could run out of cash by June 1 (Category: Breaking News)
- Janet Yellen warns US could run out of cash by June 1 (Category: Breaking News)
- India a trusted trading partner in ‘friendshoring’ strategy: US Treasury Secretary Janet Yellen (Category: Breaking News)
[…]The post IMF Must Become More Than Just A Debt Collector For Private Creditors appeared first on Colombo Telegraph.
- Hedge funds holding up vital debt relief for Sri Lanka (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- The Paris Club, Dollar Debt Colonialism & Asia’s New “Donors”: Reforming The International Aid A... (Category: Breaking News)
- China holds key to Sri Lanka’s debt restructuring to ease economic crisis (Category: Breaking News)
India is considered one of the potential superpowers of the world. This possibility has been attributed to many indicators, mainly demographic trends and a rapidly growing economy and military. India became the fastest-growing economy in the world in 2015, with estimated GDP growth of approximately 5%. There is no stopping India which is celebrating eight […]
- India’s commitment to climate change an example to the world! (Category: Breaking News)
- India makes it happen, enters the multi-billion dollar defence market (Category: Breaking News)
- India will be a developed nation by 2047, its economic growth ‘natural by-product’ of 9 years of... (Category: Breaking News)
- Myanmar Ports key to China’s Strategy of Controlling Indian Ocean (Category: Breaking News)
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