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The Bill and Melinda Gates Foundation is to support the Sri Lankan President’s Office and will also act as partners providing active contributions to the Government of Sri Lanka. The Office of the President plays an important role in the ongoing reform programs by providing guidance on policy issues and monitoring government programs, the Government […]
President Ranil Wickremesinghe extended an invitation to all political party leaders in the Parliament to engage in discussions with the Managing Director of the International Monetary Fund (IMF) on the implementation of the agreement with the IMF. Emphasizing the importance of unity in leading
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 […]
Sri Lanka's central bank kept interest rates steady on Tuesday, in line with market expectations, forgoing a rate cut as a new tax threatened upward pressure on expenses and fuelled concerns about inflation.The post Sri Lanka central bank keeps policy rates unchanged to tame inflation appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
by Jehan Perera Under President Ranil Wickremesinghe’s leadership it looks like Sri Lanka is once again punching above its weight. The President took centre stage at the 19th Summit of the Heads of State and Government of the Non-Aligned Movement (NAM) and the 3rd South Summit of the Group of 77 & China, currently taking […]
[…]The post President Positions Sri Lanka To Win International Support appeared first on Colombo Telegraph.
Sri Lanka's consumer price inflation rate jumped to 4.2% year-on-year in December driven by rising food prices, official data showed on Monday, although it remains well below record high levels seen at the height of the country's financial crisis.The post Rising food prices drive Sri Lanka inflation up to 4.2% in December appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
ECONOMYNEXT –Sri Lanka’s economy is starting to recover under a stabilization program, and further progress has to be made on debt restructuring while monetary policy decisions have to be prudent to keep inflation down, an International Monetary Fund official has said. “A swift completion
The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer visited Sri Lanka from January 11 to January 19, 2024 to discuss recent macroeconomic developments and progress in implementing economic and financial policies under the EFF arrangement.The post IMF staff concludes visit
During a meeting between President Ranil Wickremesinghe, Sri Lankan authorities and the International Monetary Fund (IMF) on Thursday (11), the IMF congratulated the country on completing the first review under its program. The IMF highlighted the positive start of the program, recognizing
The International Monetary Fund (IMF) applauds Sri Lanka on significant progress in implementing economic reforms.The post IMF applauds Sri Lanka’s significant progress in economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
An International Monetary Fund (IMF) team has arrived in Sri Lanka and will engage in discussions for a period of one week from January 11 to January 19, 2023.The post IMF team arrives in Sri Lanka to evaluate economic reforms appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top
Sri Lanka's central bank is considering moving towards a single policy rate mechanism to ensure better signaling of its monetary policy stance, Governor P. Nandalal Weerasinghe said on Wednesday.The post Sri Lanka central bank to consider a single policy rate mechanism appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Japan restated the importance for early completion of signing of a Memorandum of Understanding (MoU) between Sri Lanka and creditor nations on debt restructuring, after an agreement was reached in principle late last year.The post Japan urges early signing of debt MoU between Sri Lanka and creditors appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
ECONOMYNEXT –Central Bank Governor Nandalal Weerasinghe urged the public to become informants to broaden the tax net and thus reduce both overall direct and indirect taxes. The government has raised Value Added Tax (VAT), an indirect tax to 18 percent from 15 percent with effect from January 1. The move also will see some VAT […]
Benjamin Franklin, a founding father of the United States of America and a drafter and signer of its Declaration of Independence wrote centuries ago that “our new Constitution is now established, and has an appearance that promises permanency; but in this world nothing can be said to be certain, except death and taxes.” Though the […]
Cabinet Spokesman and Transport, Highways and Mass Media Minister Dr. Bandula Gunawardhana yesterday (January 02) said that legal action should be taken against traders who raise prices on consumer items arbitrarily.The post VAT has not been charged on consumer goods – Minister appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
State Minister for Finance, Shehan Semasinghe, emphasized that the sustained single-digit inflation has significantly contributed to fostering business confidence within the country.The post Sri Lanka Government targets an increase in state revenue to 15% of GDP by 2026 appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
During a press conference at the Presidential Media Centre (PMC) themed ‘Collective Path to a Stable Country,’ held today (01) the State Minister for Finance, Shehan Semasinghe disclosed that state revenue accounted for 11.2% of the Gross Domestic Product (GDP) in 2023, with projections indicating an anticipated increase to 15% by the year 2026. Providing […]
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