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After the International Monetary Fund (IMF) approved a 48-month extended arrangement under the Extended Fund Facility of USD 3 billion to support Sri Lanka’s economic policies and reforms, there are talks that the deal between President Ranil Wickremesinghe and IMF may make room for pro-China forces to raise their head in the island nation, reported […]
On March 30, Nalin Fernando, Minister of Trade, Commerce and Food Security in Colombo was presented the new Electronic Certificate of Origin (eCoO) system by the International Trade Centre (ITC) team, led by Ms. Raghad Altalli, Programme Manager and Trade Facilitation Advisor. The new eCoO system, implemented by the Department of Commerce (DoC), is a […]
France and Sri Lanka today signed a 300,000 EUR grant agreement supporting improved monitoring and reporting of air quality in Sri Lanka. The agreement was signed between the country director of the French Development Agency (AFD) M. Reda SOUIRGI and Dr. Anil Jasinghe, Secretary to the Ministry of Environment in Sri Lanka in presence of […]
Human Rights Watch (HRW) fears the International Monetary Fund (IMF) loan granted to Sri Lanka could erode rights in the country. The global human rights group said that the Government of Sri Lanka should ensure that policies to enhance revenues do not further erode economic and social rights and that anti-corruption reforms provide accountability. On […]
[…]The post IMF Loan Risks Eroding Rights; Sri Lanka Should Ensure Fair Taxes, Accountability For Corruption: HRW appeared first on Colombo Telegraph.
The concerns of young people in the Pacific about climate change are set to be heard at the world’s top court. Four years after students in Fiji first proposed the idea, the International Court of Justice is about to be asked to decide on a country’s obligations to fight rising temperatures. But first, the UN […]
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...
A long-awaited loan agreement between Pakistan and the International Monetary Fund (IMF) will be signed once a few remaining points, including a proposed fuel pricing scheme, are settled, an IMF official said on Friday.
The International Monetary Fund (IMF) bailout will help bring Sri Lanka’s depleted foreign exchange reserve to pre-crisis levels in four years, said the country’s central bank governor.The post With IMF bailout, Sri Lanka will have healthy dollar reserves in 4 years – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Five Sri Lankan Tamil asylum seekers who attempted suicide on the British-held Indian Ocean island of Diego Garcia have been sent to Rwanda for medical treatment, The New Humanitarian has learned. The news follows a recent backlash against the British government’s immigration deterrence policies and a scandal that involved 200 unaccompanied minors who went missing […]
President Ranil Wickremesinghe urged the Opposition to unite and disregard political differences to assist in carrying out the agreement with the International Monetary Fund (IMF). The President emphasized that his duty is not to condemn previous administrations but to concentrate on the development of the country. He also declared his dedication to constructing a better […]
India and Bangladesh on Saturday inaugurated a cross-border pipeline that will have the capacity to supply one million metric tonnes of diesel a year from Assam’s Numaligarh refinery to the northern parts of the neighbouring country. The India-Bangladesh Friendship Pipeline (IBFP), inaugurated during a virtual ceremony by Prime Minister Narendra Modi and his counterpart Sheikh […]
Cash-strapped Sri Lanka is seeking a 10-year moratorium on its foreign debt, President Ranil Wickremesinghe’s office said yesterday (March 20) on the eve of a desperately needed US $ 2.9 billion International Monetary Fund (IMF) bailout.The post Sri Lanka seeks 10-year debt moratorium appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Significant human rights abuses were recorded in Sri Lanka in 2022, the US State Department said in its annual Country Reports on Human Rights Practices released by US Secretary of State Antony J. Blinken. The 2022 Country Reports on Human Rights Practices noted there were reports that members of the security forces, primarily police, committed […]
[…]The post ‘Contemporary Issues In Socio-Economic Development’: A Timely Publication By Kelaniya University appeared first on Colombo Telegraph.
The Ukraine crisis appears to be strengthening the cooperation between the US and its partners in the Asia Pacific more than ever, amid fears that China is inching closer toward forcefully reuniting Taiwan with the mainland. In the recent few months, Japan has decided to double its defense spending and purchase long-range weapons from the […]
Sri Lanka’s economy shrank 7.8% in 2022 from the previous year, government data showed on Wednesday, as the country struggled with its worst financial crisis in more than seven decades.The post Sri Lanka’s Economy suffers worst contraction in 2022 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
said that the Government has taken a principled decision to expand the distribution of fuel which […]
Sri Lankan President Ranil Wickremesinghe said that the government has taken a principled decision to expand the distribution of fuel which is expected to commence shortly.The post Sri Lanka Government decided to expand fuel distribution appeared first on Sri Lanka News - Latest Breaking News
[…]The post Role Of Professionals In Achieving Our Economic Recovery appeared first on Colombo Telegraph.
[…]The post Cockiness; What Price? appeared first on Colombo Telegraph.
Sri Lanka needs institutional reforms in order to achieve long-term debt sustainability, said Steve Hanke, who played a key role in establishing new currency regimes in emerging markets like Argentina and Montenegro.The post Sri Lanka needs institutional changes for long-term debt sustainability, expert says appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
India had helped Sri Lanka more than any other country, especially, Sri Lanka’s Foreign Minister Ali Sabry said during Raisina Dialogue ‘Ideas Pod.’ While the Indian government took some bold decisions to help Sri Lanka face its economic crisis, even the Indian public came forward to support Sri Lanka, the country’s foreign minister said in […]
China's pledge to support Sri Lanka's debt reorganization, a major step for the island nation in securing an IMF lifeline, provides little clarity on how negotiations will unfold or whether this could herald progress for other heavily indebted nations.The post Analysis: China paves Sri Lanka’s way to IMF funds, but debt talks remain uncertain appeared first on Sri Lanka News - Latest Breakin...
The International Monetary Fund (IMF) on Tuesday said Sri Lanka had secured financing assurances from all its major bilateral creditors, paving the way for the IMF board to consider approval of a long-awaited $2.9 billion four-year bailout.The post IMF board poised to approve $2.9 billion Sri Lanka bailout appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
In a major breakthrough, Sri Lanka has received a financial assurance letter from the Exim Bank of China and the letter of agreement has been sent to the International Monetary Fund (IMF). President Ranil Wickremesinghe told Parliament that he received the financial assurance letter from the Exim Bank of China last night and he and […]
[…]The post President Ranil Wickremesinghe’s Special Statement – Full Text appeared first on Colombo Telegraph.
The world’s largest passenger airline, an Airbus A-380, made a rare landing in Sri Lanka today. The Airbus A-380 Emirates flight, flying from Auckland, New Zealand to Dubai, landed at the Bandaranaike International Airport (BIA) this morning for refueling. Airport officials were at hand to greet the plane as it arrived at the BIA. Passengers […]
Half of families in Sri Lanka are forced to reduce the amount they feed their children, according to a survey by Save the Children, as the country’s economic downturn spirals further into a full-blown hunger crisis nearly a year after the government defaulted on its debt.The government and international community must act now to prevent […]
Washington, DC – There are no takers for China quoting the scriptures on global peace in the context of the Russia-Ukraine conflict, with the United States even warning the Asian giant of the consequences should it interfere in the conflict on the side of Russia. The visit of US President Joe Biden to Ukraine in […]