@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
1092 results found in 2266 ms
Page 4 of 37
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
The IMF representatives emphasised how important it is to carry out the reforms precisely as intended, while the Acting Minister of Finance, Hon. Shehan Semasinghe, expressed satisfaction with the progress of the reforms that Sri Lanka is implementing under his directions to overcome the economic crisis.
[…]The post The Eyewash Of Doctors’ Salary Increased By 35000 Rupees appeared first on Colombo Telegraph.
By M. Rodwan Abouharb Associate Professor in International Relations, UCL and Bernhard Reinsberg Reader in Politics, University of Glasgow Sri Lanka received a bailout from the International Monetary Fund (IMF) in March amid soaring inflation, debt and a sovereign default. In exchange for US$3
[…]The post Sri Lanka Supports US War-Mongers Against Houthis appeared first on Colombo Telegraph.
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.
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.
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 […]
Sri Lanka President Ranil Wickremasinghe officially declared open the new headquarters complex of Sri Lanka Air Force (SLAF) in Akuregoda, Battaramulla on January 01, 2024.The post Sri Lanka President opens new Headquarters of Sri Lanka Air Force appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka’s Central Bank Governor Dr. Nandala Weerasinghe has emphasized the importance of the continuity of the Extended Fund Facility (EFF) agreement with the International Monetary Fund (IMF).The post Sri Lanka’s Central Bank Governor says IMF agreement must be continued under any Government
Trade unions, some affiliated with political parties, are scheduled to meet on December 28, at the Postal Auditorium, Colomboto discuss ways and means to oppose privatisation of key sectors, including electricity, banking, insurance, telecom, and postal services. Trade union representatives said that they felt the urgent need to reach a consensus on an overall plan […]
Sri Lanka said on Wednesday it expects its foreign exchange reserves to rise above $4 billion this month, their highest level since the island nation plunged last year into its worst economic crisis since independence in 1948.The post Sri Lanka sees forex reserves exceeding $4 billion after fresh funding appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.The post Sri Lanka President calls for proposals from opponents of IMF program to rescue country from financial crisis appeared
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program and cautioned against engaging in rhetoric merely for public appeasement without shouldering responsibilities.
President Ranil Wickremesinghe has urged all political leaders to exhibit responsibility in their approach to the International Monetary Fund (IMF) program.
ECONOMYNEXT –Sri Lanka’s Constitutional Council is making rules to select and appoint commissioners to the Commission to Investigate Allegations of Bribery or Corruption (CIABOC) and International Monetary Fund report said. Sri Lanka has “committed to ambitious governance reforms based on key
The main opposition has voiced concerns about the imminent transfer of the burdens arising from corruption, fraud, financial misappropriations, and flawed politics of the Rajapaksas onto the general public, effective January 1 next year. During a press conference at the Opposition Leader’s Office in Colombo on Thursday, SJB MP Mayantha Dissanayake asserted that the recently […]
The second review of Sri Lanka's $2.9 billion bailout with the IMF could be completed in the first half of 2024, provided it manages to meet debt restructuring and revenue targets set under the programme, an official said on Wednesday.The post Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official appeared first on ONLANKA - Sri Lanka Latest Bre...
In a special statement to Parliament today (13), President Ranil Wickremesinghe emphasized the critical role of the government’s program, backed by assistance from the International Monetary Fund (IMF) and debt restructuring, in rebuilding the collapsed Sri Lankan economy. The President warned
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.
Human Rights Watch (HRW) has accused Sri Lanka of ignoring the European Union’s (EU) GSP Plus requirements. Issuing a statement today, HRW said that the Sri Lankan authorities had detained nine ethnic Tamils under the country’s abusive counterterrorism law for commemorating those who died in the 1983-2009 civil war, Human Rights Watch said today.The Sri Lankan […]
[…]The post Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA appeared first on Colombo Telegraph.
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB
The risks from China’s debt pile are mounting as the country grapples with an economic slowdown and property crisis, a leading credit ratings agency has said. Moody’s issued the warning as it cut its outlook on the government’s debt to negative, from stable.The firm is the latest to raise concern about problems facing the world’s […]