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Sri Lanka is showing first signs of recovery as it finds itself in an election year, and therefore, what happens before the elections as well as after them will be crucial for the economic recovery in Sri Lanka, IMF’s Senior Mission Chief, Peter Breuer said on Friday. He said so at a press briefing held […]
The Lakshman Kadirgamar Institute (LKI) hosted a panel discussion ‘Sri Lanka as a Destination: From Antiquity to Modernity’ as part of its outreach activities to promote ‘Cultural Diplomacy’ in Koggala on Saturday (13 January 2024). Held with the Indian Ocean as the backdrop at the Long Beach Hotel, Koggala, this interactive discussion was organized as […]
[…]The post Election ’24: Rajapaksa Implosion & Ranil’s Red Sea Meddling appeared first on Colombo Telegraph.
The economic reform programme, implemented by the Sri Lankan authorities is yielding the first signs of recovery with positive real GDP growth in the third quarter of 2023, low inflation, increased revenue collection, and a build-up of external reserves, the IMF has said. Staying the course on the reform agenda is necessary for this stabilization […]
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 to Sri Lanka saying debt agreements with creditors critical appeared first on ONLANKA - Sri Lanka Latest ...
by Dr Amali Wedagedara In Sri Lanka, public policy lost in the neoliberal haze treats the market as a cure for all ills. Not only is the market omnipresent, but it is also omniscient and omnipotent. The charm of the ‘market’ that research and advocacy lobbyists are creating is so alluring that only a few […]
[…]The post Minorities & System Change appeared first on Colombo Telegraph.
Chairman of the United National Party, Member of Parliament Wajira Abeywardena during a media briefing held at the Presidential Media Center (PMC) on Tuesday (16), said that the main purposes for President Ranil Wickremesinghe to get the Regulation of Election Expenditure Act No 3 of 2023 passed in Parliament early last year was to track […]
By N Sathiya Moorthy The government’s decision to commit the Sri Lanka Navy (SLN) for patrol duties alongside the US-led ‘Operation Prosperity Guardian’ patrol of the Red Sea against Houthi attacks on ships belonging to what they perceive as pro-Israeli nations is something that Colombo can do without at the moment. Apart from the high […]
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 billion (£2.4 billion), the government committed to spending cuts and tax […]
[…]The post Economy 2024: More Challenging Than The Two Previous Years appeared first on Colombo Telegraph.
By Saman Indrajith Forty-eight-year-old Batticaloa District MP Sivanesathurai Chandrakanthan, popularly known as Pillayan, has been shaping the Eastern Province’s political narrative since he was a teenager. He was just 16-years old when he joined the LTTE in 1990 as a child soldier. Since then, he continued to rise in the ranks of the LTTE until […]
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 challenging reforms undertaken by Sri Lanka and their significant impact on the […]
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.
Japan’s Finance Minister Suzuki Shunichi, called on Sri Lanka President Ranil Wickremesinghe at the Presidential Secretariat in Colombo on Thursday evening (January 11).The post Japan’s Finance Minister Suzuki Shunichi commends Sri Lanka’s economic advancements appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
[…]The post Israel Versus Palestinians: Thank God For South Africa’s Boldness appeared first on Colombo Telegraph.
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.
By Sanath Nanayakkare When a country is in an economic crisis, it creates an environment conducive to implementing economic reforms which would be difficult to do in good times, however, it still depends on how far the reformist leaders can shape the opinion of the people and the people’s
By DEVENDRA SAKSENA Currently, the words ‘debt trap’ have a distinctly Chinese connotation. According to the Western press, the Chinese, as part of their geostrategy, have inveigled poor nations into borrowing huge amounts from them for fanciful infrastructural projects; almost all borrower countries are in dire economic straits, because most such projects are lying incomplete, […]
[…]The post Is VAT, A Payment For Past Sins Or A Bitter Pill To Swallow? appeared first on Colombo Telegraph.
[…]The post Gathering Storms Cloud On The Horizon; Military, Political, Strategic & Economic Uncertainties Abound appeared first on Colombo Telegraph.
by Neville Ladduwahetty What Sri Lanka has achieved since it declared itself insolvent is hailed by some with much optimism. The “relative stability” currently experienced is presented by the Governor of the Central Bank “as the outcome of a united effort from the outset” (The Island, December 26, 2023). The focus of that collaborative effort […]
[…]The post Entrepreneurs Argue Against Unpredictable Exchange Rate, Interest Rates & Tax Policy appeared first on Colombo Telegraph.
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.
A Cabinet Sub Committee appointed to propose solutions to the issues faced by Sri Lanka cricket, has called for accountability in the system. The report addressing issues in Sri Lanka’s cricket realm, prepared by the Cabinet Sub-Committee, was presented to President Ranil Wickremesinghe. Minister of Foreign Affairs Mr. Ali Sabri, PC, who chairs the committee, […]
The report addressing issues in Sri Lanka’s cricket realm, prepared by the Cabinet Sub-Committee, was presented to President Ranil Wickremesinghe today (01). Minister of Foreign Affairs Ali Sabri, PC, who chairs the committee, handed over the report. Notably, this report was swiftly completed within a brief span of one and a half months following the […]
[…]The post My View Completes 13 Years: Still Batting & Not-Out Yet appeared first on Colombo Telegraph.
[…]The post Sri Lankan Dream For 2024 & Beyond: Changing The System appeared first on Colombo Telegraph.