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- colombogazette.com - Category : Breaking News - Relavancy : 0.08726471

The International Monetary Fund (IMF) wants Sri Lanka to work on governance issues and to also stick to the IMF supported program. Krishna Srinivasan, IMF Director of the Asia and Pacific Department noted that Sri Lankans faced a very difficult challenge when they embarked on the IMF program. “And so far, what we’ve seen is […]

- colombogazette.com - Category : Breaking News - Relavancy : 0.043632355

A partnership between an Indian and a Russian firm has secured the management rights for the Mattala Rajapaksa International Airport in Hambantota. The airport, once infamous as the “world’s emptiest airport” due to minimal flight activity, is now under the purview of Shaurya Aeronautics (Pvt) Ltd of India and Airports of Regions Management Company of […]

- island.lk - Category : Breaking News - Relavancy : 0.0925582

Cash-strapped Pakistan is poised to receive a $1.1bn loan tranche from the International Monetary Fund (IMF) after a key meeting of the international lender’s executive board on Monday, even as economists have warned that the country needs deep reforms to reduce its dependence on overseas financial assistance. Late on Monday night, Pakistan’s Ministry of Finance […]

- island.lk - Category : Breaking News - Relavancy : 0.08726471

The Annual Economic Review and Financial Statements and Operations of the Central Bank for the Year 2023 points out that backtracking from the implemented and planned critical reforms will tip the economy to a state of instability. Thus, continuing with the broader political and social consensus on economic reforms will be critical to avoid recurring […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.053992283

[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.053992283

[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.08726471

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.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.032724265

[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? – Part II appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.053992283

[…]The post Debt, Divestiture & Discontent appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.032724265

[…]The post When The West’s Mask Slipped – Exposing Its Hypocrisy Beyond Gaza! appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 1.8124645

ECONOMYNEXT –The International Finance Corporation (IFC), the World Bank’s investment arm emphasized the importance of the private sector engagement in the recovery of the crisis-hit Sri Lanka’s economic growth. Riccardo Puliti, the IFC’s Vice President for Asia and the Pacific

- colombogazette.com - Category : Breaking News - Relavancy : 0.08726471

The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...

- onlanka.com - Category : Breaking News - Relavancy : 0.08726471

According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- onlanka.com - Category : Breaking News - Relavancy : 0.07635662

Reuters reports that Sri Lanka intends to engage with the International Monetary Fund (IMF) to determine if its recent debt restructuring proposals align with the terms of its financial aid program, according to a statement from the finance ministry on Wednesday.The post Sri Lanka consults IMF after rejecting debt restructure proposal appeared first on ONLANKA - Sri Lanka Latest Breaking News and ...

- onlanka.com - Category : Breaking News - Relavancy : 0.11336018

Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka debt restructuring stumbles as government rejects bondholders’ proposal appeared first on ONLANKA ...

- colombogazette.com - Category : Breaking News - Relavancy : 0.07635662

Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043632355

[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.061705466

[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.115440354

[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.032724265
- colombotelegraph.com - Category : Breaking News - Relavancy : 0.027270222

[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.10908089

Colombo has demonstrated its own brand of strategic autonomy on issues from Russia’s war in Ukraine to China’s global footprint By Michael Kugelman Most South Asian governments tend to have nonaligned foreign policies, balancing their relations with major powers. This maximizes their diplomatic flexibility and ability to operate independently on the world stage, also known as […]

- onlanka.com - Category : Breaking News - Relavancy : 0.054540444

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...

- colombogazette.com - Category : Breaking News - Relavancy : 0.053992283

By N Sathiya Moorthy It is inevitable that in the heat of an electoral battle, neighbours get mentioned, if not hurt. It is election time in India, to be followed by one or two in Sri Lanka – for the presidency and Parliament, though which would come first is known only to Mr God and President […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.03817831

[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.

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- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043632355

[…]The post Will AKD Make The Cut? appeared first on Colombo Telegraph.

- news.lk - Category : Breaking News - Relavancy : 0.06544853

Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.043632355

[…]The post Conundrum Of Elections & IMF Programme appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.054540444

By Jehan Perera Tracing history and going back to the colonial era, President Ranil Wickremesinghe has said that despite the adverse impact of world wars and internal conflicts, Sri Lanka has steadfastly upheld its democratic value of ensuring the functioning of both the government and the opposition without interruption.  The president was addressing members of […]

- island.lk - Category : Breaking News - Relavancy : 0.14634737

By Shamindra Ferdinando Samagi Jana Balawegaya (SJB) parliamentarian Kavinda Jayawardena yesterday (31) said that the ruling Sri Lanka Podujana Peramuna (SLPP) should accept the responsibility for creating conditions for public protests that led to the overthrowing of President Gotabaya Rajapaksa. The Gampaha District MP was responding to Speaker Mahinda Yapa Abeywardena’s declaration that powerfu...

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