The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators continuing to provide mixed signals. Reserve accumulation has also slowed in […]
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
The International Monetary Fund s (IMF) Senior Mission Chief for Sri Lanka, Peter Breuer stated that there is no fixed timeline for the disbursement of the second tranche of the IMF s Extended Fund Facility (EFF) to Sri Lanka and that two important things are needed to be satisfied for the matter to be fulfilled.
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer and Ms. Katsiaryna Svirydzenka visited Colombo from September 14 to 27, 2023 in order to discuss economic and financial policies to support the approval of the First Review of the program under the Extended Fund Facility (EFF) arrangement.
A group of Tamil asylum seekers stranded on a tiny British territory in the Indian Ocean have won their fight against being forcibly returned to Sri Lanka after a Government climbdown. The group are on Diego Garcia, part of the Chagos Islands, which the UK calls the British Indian Ocean Territory (BIOT) and over which […]
The officers of the Narcotics Control Unit of Sri Lanka Customs have detained five passengers at the arrival terminal of the Bandaranaike International Airport (BIA) in Katunayake for attempting to smuggle a stock of gold biscuits and jewellery into the country, early this morning (27).
Sri Lankan President Ranil Wickremesinghe left for Germany this morning (September 27) for a four-day state visit.The post Sri Lankan President leaves for Germany appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Nepal’s batters smashed a number of records in the opening match of the Men’s Asian Games against Mongolia in Hangzhou, in a record 273-run win. Here is a quick look at some of the major records broken by them. 0 – Number of times a team had scored 300 in a men’s T20 innings before […]
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall concerns IMF team – sources appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stor...
The United States Agency for International Development (USAID) handed over a consignment of 4,700 MT of soya beans and maize to Sri Lanka Thriposha Ltd, to support the continuation of the Thriposha fortified food programme. The United Nations World Food Programme (WFP) facilitated the handover at a special event held at the Thriposha factory. This […]
President Ranil Wickremesinghe said yesterday (26) that a new law would be introduced to transform the Colombo Port City into the Colombo Financial Zone, granting it jurisdiction over offshore activities. The President said so while addressing the 2023 Commercial Mediation Symposium held in Colombo. The President said this legislation was expected to be enacted by […]
The ‘INFOTEL Information Technology Exhibition,’ orchestrated by the Federation of Information Technology Industry Sri Lanka (FITIS), is scheduled to take place at the Bandaranaike International Conference Hall in Colombo from November 3rd to 5th. This event aligns with President Ranil Wickremesinghe’s initiative to modernize Sri Lanka through digitization.
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.
An explosion at a fuel depot in Azerbaijan’s Nagorno-Karabakh has killed 20 people and injured hundreds more, local Armenian authorities say. Nearly 300 people were admitted to hospitals, with dozens of them “still in critical condition”. It comes as the Armenian government said 13,350 refugees crossed into the country from the enclave. The disputed Nagorno-Karabakh […]
By Udari Abeyasinghe One of the principles of free education is to provide opportunities in higher education. In 2020, then-President Gotabaya Rajapaksa issued directives to the University Grants Commission (UGC) to increase university admissions by an additional 12,000 students, in line with his election manifesto. Subsequently, student enrollments were increased with inadequate resources allocat...
Dr. Gunadasa Amerasekera’s latest book, Mahagedera, has been launched. It is now available at leading bookshops, and the Colombo International Book Fair, which is currently on at the BMICH. Mahagedera is based on the current socio-political situation in Sri Lanka.
By Rathindra Kuruwita President Ranil Wickremesinghe and the representatives of the International Monetary Fund (IMF) will today (26) discuss the progress Sri Lanka has made on its reform programme. This is the final discussion IMF representatives, who are here to review the loan before approving its second tranche, will hold in Sri Lanka. The IMF team arrived on 14 September. The […]
By Shamindra Ferdinando Governor of the Central Bank Dr. Nandalal Weerasinghe yesterday (25) questioned the conduct of some MPs who sought to direct public anger at officials over the economic crisis. Alleging that such an attempt had been made last year in the wake of attacks on politicians’ properties, Dr. Weerasinghe said that problems couldn’t […]
Over 200 corporate leaders attended the second Economic Forum sponsored by HSBC recently which was to discuss and share insights into the latest global trends and opportunities emerging for economic growth in Sri Lanka. Frederic Neumann, HSBC’s Chief Asia Economist and Co-Head of Global Research for HSBC Asia along with Aayushi Chaudhary, HSBC Economist for […]
By Prageeth Janaka Colombo Archbishop Malcolm Cardinal Ranjith has called on the government to ensure a credible, transparent investigation into the Easter Sunday terror attacks. He has said the need for an international probe could be avoided if the inquiry is carried out with integrity and devoid of political influence. Addressing the media during the […]
The Opposition has told the International Monetary Fund (IMF) that it will review the agreement reached with Sri Lanka if a new Government led by Sajith Premadasa takes office. A group of representatives of the International Monetary Fund met the Opposition Leader Sajith Premadasa today (25). The current state of the economic process in this […]
The US Ambassador to Sri Lanka, Julie Chung, met local civil society members to discuss core anti-corruption issues. The Ambassador posted on X saying governance and economic reforms must go hand-in-hand in Sri Lanka. Julie Chung met with a coalition of civil society members, including representatives of Transparency International, Sri Lanka and the Centre for […]
The International Cricket Council (ICC) announced on Monday that Kumar Dharmasena and Nitin Menon will be the on-field umpires for the opening fixture of the 2023 ICC ODI World Cup taking place between England vs New Zealand at the Narendra Modi Stadium, Ahmedabad on October 5 England’s group-stage clash against New Zealand will be a […]
The fifth Asia Pacific Forum of Ministers and Environment Authorities, the largest regional environmental event in the Asia Pacific region will convene in Colombo from October 3rd to October 6th. This forum is jointly organized by the Ministry of Environment and the United Nations Environment Programme (UNEP). During an awareness press briefing held today (25) […]