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[…]The post Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (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)
[…]The post Aragalaya Effect Vs IMF Effect appeared first on Colombo Telegraph.
- RW, IMF & The Economy (Category: Breaking News)
- Homework For NPP (Category: Breaking News)
- Restructuring The Economy: A Stock Take (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
President Ranil Wickremesinghe told Parliament yesterday, making a statement, that he had assumed leadership of the country without any conditions, despite being a sole Member of Parliament from his party. The President said he expected to conclude all negotiations with external creditors by the middle of this year, and that the ultimate goal of debt restructuring […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Prez reiterates need to go ahead with local debt restructuring (Category: Breaking News)
- JVP moves SC to prevent possible losses to EPF, ETF (Category: Breaking News)
- President now expects IMF bailout next month (Category: Breaking News)
[…]The post Unraveling The Root Causes Of Sri Lanka’s Foreign Currency Crisis 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? (Category: Breaking News)
- From Socialism To Success: Sweden’s Economic Evolution (Category: Breaking News)
- Budget 2023: A Depth Or Dearth (Category: Breaking News)
Addressing the Parliament of Sri Lanka today (May 09), President Ranil Wickremesinghe provided a comprehensive overview of the country's economic journey over the past two years.The post Sri Lanka President highlights economic progress and future challenges appeared first on Sri Lanka News | Breaking News & Top Stories in Sri Lanka | ONLANKA.
- Sri Lanka and India reach agreements on Renewable Energy, Animal Husbandry, and more (Category: Breaking News)
- President delivers special statement in parliament (Category: Breaking News)
- Sri Lanka President invited all to join hands to build a prosperous Sri Lanka by 2048 (Category: Breaking News)
- Sri Lanka President Ranil Wickremesinghe meets Singapore President Halimah Yacob (Category: Breaking News)
By Easwaran Rutnam President Ranil Wickremesinghe blamed Opposition Leader Sajith Premadasa for the crisis in the country saying things could have been different if he accepted the Prime Minister post in April 2022. The President expressed these views after delivering a statement in Parliament, Thursday. Wickremesinghe said that in 2022 he willingly embraced the task […]
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
- Economy improving, VAT can be reduced – RW (Category: Breaking News)
- President outlines his track record since assuming office in 2022 (Category: Breaking News)
Sri Lanka’s tentative recovery from its worst economic crisis could be stalled by presidential elections due later this year, the island nation’s central bank chief warned on Tuesday. Months-long shortages of food, fuel and medicines culminated in Sri Lanka defaulting on its foreign debt in 2022 and angry protests that led to the ouster of […]
- China to help conclude debt restructuring process in Sri Lanka (Category: Breaking News)
- Top US official to visit Sri Lanka (Category: Breaking News)
- Sri Sri Ravi Shankar to visit Sri Lanka (Category: Breaking News)
- President insists he is not a dictator (Category: Breaking News)
by Jayasri Priyalal Jayasripriyalal59@gmail.com The greatest challenges confronting the nation-states in the current era revolve around; deplorable debt, depleted natural resources, and degraded environment. Economic growth and future prosperity for all living beings are stalled due to the varying degrees of the 3D problems emerging out of ill-conceived policy divergences propelling the linear eco...
- IMF Must Become More Than Just A Debt Collector For Private Creditors (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- A survival strategy amidst geopolitical rivalry (Category: Breaking News)
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
[…]The post Pointless Debate On The Economy When Issue At Hand Is Much Broader appeared first on Colombo Telegraph.
- Crisis-Hit Sri Lanka Economy (Category: Breaking News)
- Budget 2023 Will Be The Acid Test Of RW’s Magic Wand (Category: Breaking News)
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- Navigating The Economic Reawakening & Sustainable Growth (Category: Breaking News)
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 […]
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
- Sri Lanka can be on path to prosperity if debt sustainability achieved – IMF (Category: Breaking News)
- D-day for Sri Lanka as IMF Executive Board meets to decide on EFF (Category: Breaking News)
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
- World Bank commends Sri Lanka s progress on fiscal, financial and economic governance reforms (Category: Breaking News)
- President reveals govt s action plan for socio-economic reforms and accelerated development (Category: Breaking News)
- Govt ready to make ongoing economic reforms a law  State Minister tells IMF (Category: Breaking News)
- Sri Lanka needs strong new economic system, not reforms - President (Category: Breaking News)
[…]The post Foreign Debt Restructuring: Too Late & Too Short To Get Out Of The Debt Trap appeared first on Colombo Telegraph.
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
- Child’s Guide To Ranilnomics: Proposed Debt Restructuring Will Pose More Issues Than Answers (Category: Breaking News)
- Has The Economy Been Assassinated & If So, Who Were The Assassins? (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
[…]The post American Chaos, Modi’s Heatwave & Ranil As Common Government Candidate appeared first on Colombo Telegraph.
- Destination Delhi: Roving President’s Next Port Of Call (Category: Breaking News)
- India’s Election Timetable & Sri Lanka’s Deadlock Elections (Category: Breaking News)
- Iran-Israeli Tit For Tat, India’s Vote Marathon & Lanka’s Long Election Eve (Category: Breaking News)
- Anura Kumara Dissanayake’s Accomplishments & Challenges (Category: Breaking News)
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)
As a collective body of exporters, we have been at the forefront of sustaining employment and ensuring a steady flow of foreign exchange, even amidst the most severe economic downturns faced by our nation. Our membership covers the majority of merchandise exports, which account for some 13% of Sri Lanka’s GDP. Today, we stand united […]
- ‘Recognizing, Inspiring and Strengthening’ SL’s exporters (Category: Breaking News)
- Brandix excels at export awards (Category: Breaking News)
- Dollars and conscience (Category: Breaking News)
- Why record export earnings may not be good news (Category: Breaking News)
Sri Lanka informed the G-24 Finance Ministers and Central Bank Governors that the country’s economy has now stabilised. State Minister of Finance Shehan Semasinghe told the delegates during the IMF/WB Spring meetings in Washington that the growth momentum in Sri Lanka has commenced. “
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Weerasena Gamage takes oaths as an MP (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
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 ...
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
[…]The post Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka appeared first on Colombo Telegraph.
- Conundrum Of Elections & IMF Programme (Category: Breaking News)
- Legitimacy Deficit Haunts Government (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II appeared first on Colombo Telegraph.
- Debate Over Profits Of Banks: Who Shares Them Ultimately? (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- The Misunderstood Taxation Of EPF & Other Superannuation Funds (Category: Breaking News)
- Suspension Of Parate Execution Won’t Do; Establish Bad Bank To Resolve Issue Permanently: Dr. An... (Category: Breaking News)
[…]The post The Impact Of The Next Election On The Economic Reforms appeared first on Colombo Telegraph.
- Elections & Economic Recovery (Category: Breaking News)
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Kristalina Georgieva selected to serve as IMF MD for second term (Category: Breaking News)
- Kristalina Georgieva selected for second term as IMF s Managing Director (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
[…]The post Recovery, Growth & Toxic Imports appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- IMF Forecasts & Systemic Crisis (Category: Breaking News)
The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]
- SL has fifth highest food price inflation in world (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono made this comment at the ‘Serendipity Knowledge Programme’ (SKOP) held on April […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
- ADB assures more support but not debt cancellation (Category: Breaking News)
- Discussions on ADB support for several sectors in Sri Lanka (Category: Breaking News)
[…]The post Debate Over Profits Of Banks: Who Shares Them Ultimately? appeared first on Colombo Telegraph.
- Debate Over Profits Of Banks: Who Shares Them Ultimately? – Part II (Category: Breaking News)
- Lending In A Recession: Banks Should Do Venture Capital Financing For Startups (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: The Performance Of Ceylon’s Currency Board (Category: Breaking News)
- Is The Central Bank On Its Way To Technical Insolvency? (Category: Breaking News)
[…]The post Palestine & Ukraine: Two More Nails In Imperialism’s Coffin? appeared first on Colombo Telegraph.
- ICJ Ruling On Israeli Genocide In Gaza; Stopped Short Of Ordering A Ceasefire (Category: Breaking News)
- Middle East Conflict: Why We Should Support Israel? (Category: Breaking News)
- Isn’t It Time For Sri Lanka To Expel Israelis? (Category: Breaking News)
- Partial West & Shameful Muslim Leaders Complicit In Israel’s War Crimes In Gaza (Category: Breaking News)
LOLC Finance PLC, Sri Lanka’s premier Non-Banking Financial Institution (NBFI), has once again set a remarkable milestone in the digital finance landscape by clinching an outstanding five gold awards at the prestigious Lankapay Technnovation Awards 2024. This exceptional achievement fortifies LOLC Finance’s utmost expertise and innovation in the realm of digital financing, further emphasizing its ...
- DFCC Wins 1st Gold Award at LankaPay Technovation Awards for Commitment to Financial Inclusion (Category: Breaking News)
- ADB names ComBank its ‘Leading Partner Bank’ in Sri Lanka for 3rd year (Category: Breaking News)
- ICC Sri Lanka celebrates the Most Admired Companies of 2022 (Category: Breaking News)
- MCA Six a Side Tournament at Galle International Stadium (Category: Breaking News)
Sri Lanka anticipates the third tranche of the International Monetary Fund (IMF) extended fund facility by June, according to State Minister of Finance Shehan Semasinghe. However, the country must first obtain consensus from the country’s creditors on restructuring its debt. “We anticipate the third tranche by June. That’s the standard procedure. After a review, there’s […]
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF ready to assist Lanka in bondholder talks amid debt restructuring challenges (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka nears IMF deal on funding while debt talks proceed - report (Category: Breaking News)
[…]The post Brahmins Demand A Debate On Debt appeared first on Colombo Telegraph.
- Cockiness; What Price? (Category: Breaking News)
- Ballad Of A Sad Trumpet (Category: Breaking News)
- A Painted Ship In A Painted Ocean (Category: Breaking News)
- Fleas Dream Of Buying A New Dog (Category: Breaking News)
By Lynn Ockersz ‘Sri Lankans are very good at writing plans but nothing very positive has resulted from these efforts over the years. Nevertheless, the country needs a new system of planning and an essential requirement for this is a sound institutional framework coupled with good governance, chairman of the Gamani Corea Foundation (GCF) and […]
- CB Chief takes swipe at politicos, urges public to be mindful of whom they elect (Category: Breaking News)
- CMA Sri Lanka COVID 19 SME Development Conference: Celebrating UN – Micro, Small and Medium-Size... (Category: Breaking News)
- On being prepared: Sri Lankan experience (Category: Breaking News)
- Dr. P.B. to speak on Positioning Sri Lanka to be the Rising Star in Asia (Category: Breaking News)
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