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Government authorities must consult vehicle importers when making decisions on relaxing an ongoing import ban, President of the Vehicle Importers’ Association Indika Sampath Merinchige said. Welcoming a recent announcement by the government that it will scrap an import ban on several types of commercial vehicles, Merinchige told reporters on Monday August 14 that the authorities […]
- Restrictions on vehicle imports to be relaxed by next year  Semasinghe (Category: Breaking News)
- Govt still lukewarm in allowing vehicle imports wary of balance of trade (Category: Breaking News)
- Vehicle import restrictions to be lifted only after thorough analysis - state minister (Category: Breaking News)
- More vehicles for MPs (Category: Breaking News)
[…]The post In Sri Lanka, Chaotic Social Security Reform Denies People’s Rights: “Aswesuma” Program Applies Complex & Arbitrary Targeting, Leaving Millions In Limbo appeared first on Colombo Telegraph.
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- IMF Should Oppose Restrictions On Freedom of Expression & Civil Society Groups: HRW (Category: Breaking News)
- Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA (Category: Breaking News)
. The International Monetary Fund (IMF) is set to conduct its first review […]
- Sri Lanka’s debt restructuring likely to be complete by September – IMF (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
- Sri Lanka expects major debt restructuring deals as IMF to review bailout - report (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
The United Kingdom (UK) says it will work with Sri Lanka to restore debt sustainability. Acting High Commissioner of the United Kingdom to Sri Lanka, Mrs. Lisa Whanstall said that the United Kingdom is happy to support Sri Lanka through multilateral organizations such as the International Monetary
- UK and Sri Lanka discuss need to enhance relations (Category: Breaking News)
- UK official sent to welcome Sri Lanka’s new top diplomat to UK (Category: Breaking News)
- Charitha to head Sri Lanka – German Parliamentary Friendship Association (Category: Breaking News)
- Sri Lanka to send back another 82 containers with garbage to UK (Category: Breaking News)
The IMF will conduct the first review of the $2.9 billion bailout to Sri Lanka from September 11-19, state minister of finance Ranjith Siyambalapitiya said on Saturday and declared that the country has successfully fulfilled the nine conditions set by the global lender.The post IMF to conduct bailout review for Sri Lanka in September appeared first on ONLANKA - Sri Lanka Latest Breaking News and T...
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
Women’s rights groups in Sri Lanka yesterday (11) rejected the current debt restructuring solutions that place the burden of repayment on Sri Lanka’s working classes, particularly its women. Addressing a press conference, a number of women’s groups said they are demanding urgent and sustainable solutions to the ongoing debt crisis in Sri Lanka that respond […]
- No final decision on domestic debt restructuring : Bandula debt (Category: Breaking News)
- Sri Lanka reaches debt restructuring deal with creditor nations - reports (Category: Breaking News)
- Rs. 3bn budgetary allocation for foreign debt restructuring, settle int l sovereign bonds (Category: Breaking News)
- Staff-level agreement with IMF likely to be reached - CBSL governor (Category: Breaking News)
Monetary policy transmission to the real economy in Sri Lanka is still incomplete, the governor of the country's central bank, Nandalal Weerasinghe, said at a LSEG FX Community Event on Monday.The post Sri Lanka central bank chief: monetary policy transmission still incomplete appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Chief says Money printing has drastically reduced in 2022 (Category: Breaking News)
[…]The post Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? 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? – Part VI (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part IV (Category: Breaking News)
- Debt Restructuring, Austerity & The IMF: A Panacea Or An Exacerbation? – Part III (Category: Breaking News)
Islamabad [Pakistan], July 19 (ANI): Beyond the upcoming election cycle and the current standby agreement, Pakistan needs another International Monetary Fund (IMF) program and assistance from other multilateral lenders, the lender stated in a report released on Tuesday, according to Dawn
- Pakistan’s election chaos casts shadow on next IMF deal (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Former Pak Finance Minister Miftah Ismail says things to ‘remain tight for a while’ on economic ... (Category: Breaking News)
- IMF seeks more Pak assurances before releasing bailout package (Category: Breaking News)
Sri Lanka's parliament on Thursday (July 20) approved a new law to improve the independence of the country's central bank, the deputy speaker said, as part of reforms linked to a $2.9 billion International Monetary Fund bailout package.The post Sri Lanka parliament approves bill to boost central
- Central Bank’s ability to print money limited under new Act (Category: Breaking News)
- ''Central Bank of Sri Lanka '' Bill to provide administrative and financial independence to the ... (Category: Breaking News)
- Cabinet approval granted for new Central Bank of Sri Lanka draft bill (Category: Breaking News)
- Hit Wicket (Category: Business)
At first glance, life in Sri Lanka's financial capital Colombo looks deceptively normal.The post Is the worst over for Sri Lanka’s economic crisis? appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- USAID Administrator Samantha Power arrives in Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka hit by record brain drain, but some stay to rebuild (Category: Breaking News)
As Sri Lanka embarks on debt restructuring negotiations with key lenders in parallel to the International Monetary Fund (IMF) initiatives, it is useful to consider China’s importance as one of Sri Lanka’s top lenders. China has so far not joined the common platform of negotiators on Sri Lanka’s
- Sri Lanka completes debt restructuring talks with Japan (Category: Breaking News)
- Sri Lanka has miles to go for IMF debt relief and salvaging the payments crisis (Category: Breaking News)
- Some creditors want to restructure Sri Lanka’s debt without China (Category: Breaking News)
- President urges China to change tune on debt (Category: Breaking News)
Udeni Kaluthantri, a 54-year-old port worker, became an overnight sensation last year for reasons that had nothing to do with his job. Days after protesters stormed the presidential palace in the Sri Lankan capital Colombo, a video surfaced of Mr Kaluthantri lounging on a bed draped with the presidential flag. Pictures of young men jumping […]
- Brazil’s President vows to punish rioters who stormed Congress (Category: Breaking News)
- Mass arrests in Brazil as President condemns ‘terrorist’ riots (Category: Breaking News)
- Pakistan’s Supreme Court rules Imran Khan arrest was illegal (Category: Breaking News)
- A divided Japan bids farewell to its slain ex-PM (Category: Breaking News)
By NESHELLA PERERA ECONOMYNEXT –Sri Lankan citizens aged more than 18 years will have to open tax files because they chose the country’s leaders by voting, which influence country’s policies, State Minister of Higher Education Minister Suren Raghavan said. After the sovereign debt crisis hit island nation signed a $3 billion deal with the International Monetary […]
- VAT 18% from next year (Category: Breaking News)
- State Minister clarifies concerns on recent gazette for IRD registration (Category: Breaking News)
- One-month grace period for acquiring property without opening tax files (Category: Breaking News)
- New property tax to be introduced in 2025 (Category: Breaking News)
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka will discuss its bilateral debt restructuring process separately with China, but Beijing will be treated equally as the other bilateral lenders, the island nation’s Foreign Minister Ali Sabry said. Sri Lanka has already started negotiations with its bilateral lenders through Paris Club members and non-Paris Club members. China, however, has […]
- China asked to share debt terms to facilitate overall process (Category: Breaking News)
- Lanka debt talks with India, China, Japan helped by investment projects: President (Category: Breaking News)
- Paris Club OK but ‘adequate assurances’ yet needed from others: IMF (Category: Breaking News)
- President reveals talks with Country’s private creditors on outstanding debt (Category: Breaking News)
The man charged with clawing Sri Lanka out of bankruptcy says he had warned about economic calamity years before it hit and was pressed into retirement for his troubles.The post ‘No second chance’ to save Sri Lanka, central banker warns appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
- CBSL chief s special statement on domestic debt restructuring process (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka faces shutdown without stable govt- CBSL governor warns (Category: Breaking News)
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the island nation, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s chairman-cum-managing director M. Senthilnathan said.The post India to allow Sri Lanka to repay debt over 12 years appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
- Sri Lanka trying to reduce overall debt by $17 Billion, president says (Category: Breaking News)
- India to allow Sri Lanka to repay debt over 12 years (Category: Breaking News)
- China’s EXIM bank offers Sri Lanka debt extension – report (Category: Breaking News)
A year after angry Sri Lankans stormed the president's residence and forced his ouster during a meltdown of the economy, the island's streets are calm, there are no serpentine queues at fuel stations and hours-long power cuts have ended.The post Analysis: A year later, Sri Lanka’s tentative economic recovery eludes the poor appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- Sri Lanka cabinet approves new electricity tariff without saying what it is (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- Sri Lanka sees forex reserves exceeding $4 billion after fresh funding (Category: Breaking News)
India plans to allow Sri Lanka up to 12 years to repay its debt to help ease the financial burden on the country, India’s Export Credit Guarantee Corporation (ECGC) Ltd’s Chairman-cum-Managing Director M. Senthilnathan said. Sri Lanka, facing its worst economic and political crisis in over seven decades, owes $7.1 billion to bilateral creditors— $3 […]
- India starts debt-restructuring talks with Sri Lanka (Category: Breaking News)
- India provided nearly $4 billion in food, financial assistance to Sri Lanka (Category: Breaking News)
- India to invest more in Sri Lanka after crisis support of $3.8 Bn (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9B bailout package (Category: Breaking News)
Crisis-hit Pakistan has reached a staff-level agreement with the International Monetary Fund (IMF) over $3bn (£2.4bn) of funding. The deal, which still needs to be approved by the global lender’s board, comes after an eight-month delay. The South Asian nation is facing its worst economic
- Pakistan’s ex-president, Pervez Musharraf dies aged 79 (Category: Breaking News)
- JP Morgan to take over First Republic bank (Category: Breaking News)
- Nearly 40 pupils killed by militants in Uganda school attack (Category: Breaking News)
- Protesters among prisoners pardoned by Iran leader (Category: Breaking News)
The World Bank yesterday (28) approved USD 700 million in budgetary and welfare support for Sri Lanka.This is the biggest funding infusion into the country since the International Monetary Fund (IMF) bailout package approved in March. Through this funding, the World Bank said it aims to help Sri
- Sri Lanka receives $250 Mn as budgetary support from World Bank (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- World Bank to provide $500 mn budgetary support to Sri Lanka (Category: Breaking News)
- Minister Semasinghe paints glowing picture emanating from WB budgetary support (Category: Breaking News)
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.The post World Bank approves $700 Million for crisis-hit Sri Lanka appeared
- World Bank set to approve $700 Million for Sri Lanka next week (Category: Breaking News)
- World Bank to provide $500 million budget support to Sri Lanka (Category: Breaking News)
- No new financing to Sri Lanka until macroeconomic policy framework is ready – World Bank (Category: Breaking News)
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
The World Bank approved $700 million in budgetary and welfare support for Sri Lanka on Thursday, the biggest funding tranche for the crisis-hit island nation since an International Monetary Fund (IMF) deal in March.
Sri Lankan tea prices that had been piping hot have cooled off as production in the world’s fourth-largest tea grower begins to recover.The post Sri Lanka tea prices dip 40% from record high on production rebound appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Prices of cup of plain tea and milk tea reduced (Category: Breaking News)
- Sri Lanka tea industry to fully recover next year, says minister (Category: Breaking News)
- Leaf Trend (Category: Business)
- Crop Condition (Category: Business)
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.The post World Bank to provide $500 million budget
- World Bank set to approve $700 Million for Sri Lanka next week (Category: Breaking News)
- Sri Lanka receives $250 Mn as budgetary support from World Bank (Category: Breaking News)
- World Bank to provide $500 mn budgetary support to Sri Lanka (Category: Breaking News)
- World Bank approves $700 Million for crisis-hit Sri Lanka (Category: Breaking News)
Sri Lanka will enter into an agreement with the World Bank for $500 million in budgetary support after the cabinet approved it on Tuesday, the biggest funding tranche for the crisis-hit nation since an International Monetary Fund deal in March.
Debt-laden Sri Lanka will unveil its domestic debt restructuring strategy this week, central bank chief P Nandalal Weerasinghe said on Sunday (Jun 25), as the island navigates its worst financial crisis in decades. Sri Lanka will also likely obtain Cabinet and parliamentary approval for the debt restructuring strategy this week, Weerasinghe told local TV channels […]
- CB warns of catastrophic consequences if banking sector collapses (Category: Breaking News)
- Sri Lanka’s sovereign lenders yet to outline debt talks plans (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April (Category: Breaking News)
- CBSL Governor refuses to resign over pay hike issue (Category: Breaking News)
ECONOMYNEXT –Sri Lanka has been moving forward in bilateral debt negotiations by talking to individual creditors despite a clearly defined process for dealing with Paris Club and other creditors, President Ranil Wickremesinghe had said last week. Sri Lanka was following a ‘debtor led’ strategy by reforming the economy and also aiming at a ‘highly efficient […]
- No queues because we have stopped repaying our debt, but we’ll be back in trouble when repayment... (Category: Breaking News)
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- President tells Arab envoys Lanka wants immediate ceasefire in Gaza (Category: Breaking News)
- President wants Lanka to be first in South Asia to join RCEP, largest trade bloc in history (Category: Breaking News)
Sri Lanka is set to start bartering tea to Iran next month in lieu of $250 million owed for oil, a Sri Lankan official told Reuters on Friday, as the crisis-hit country tries to lift sales to a key market and protect its forex reserves.The post Sri Lanka set to start tea-for-oil barter with Iran next month appeared first on ONLANKA - Latest Breaking News updates on Sri Lanka.
- Sri Lanka settles US$ 20 million Iranian oil debt with tea (Category: Breaking News)
- Sri Lanka set to start tea-for-oil barter with Iran next month (Category: Breaking News)
- Lankan, Iranian officials discuss how to boost SL tea exports (Category: Breaking News)
- Iran to double tea imports from SL (Category: Breaking News)
By Shamindra Ferdinando UNDP Resident Representative in Colombo, Azusa Kubota, accompanied international expert on parliamentary development, Kevin Deveaux, to meet Speaker Mahinda Yapa Abeywardena at the Parliament on 14th June. They were joined by Policy Expert and Head of Governance, UNDP Colombo, Chandrika Karunaratne. Japanese national Kubota took over the UNDP mission in Colombo in […]
- Lacille poses pertinent questions to Parliament, UNDP (Category: Breaking News)
- Where have millions of USD invested in good governance and accountability projects et al gone? (Category: Breaking News)
- Impact of foreign-funded projects on Parliament’s standing as sole sovereign and supreme body (Category: Breaking News)
- US hand in GR’s ouster: Speaker finally confirms allegations (Category: Breaking News)
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