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The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent with the parameters of the IMF-supported program and official creditors’ Comparability of Treatme...
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- IMF ready to support Sri Lanka s discussions with bondholders (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- Sri Lanka hoping to continue talks with bondholders after consulting IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
A year after India overtook China to become the world’s most populous country, its rapid upward economic trajectory and increasing diplomatic, scientific and military weight make it an emerging superpower of ever-growing importance to the United States and the world. Indian Prime Minister Narendra Modi addressed Newsweek’s written questions and followed up with a 90-minute […]
- India’s commitment to climate change an example to the world! (Category: Breaking News)
- Navigating India’s Future: A Deep Dive into Modi’s Governance (Category: Breaking News)
- Ceylon Chamber identifies opportunities in Brazil during FIFA 2014 and Olympics 2016 (Category: Business)
- Modi, combining India’s foreign policy with domestic interest (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. “Highlighted the deep and wide ranging economic reform programme adopted to address […]
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
- Protest staged in parts of Sri Lanka on Independence Day (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)
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank Spring Meetings with positive bilateral talks appeared first on ONLANKA - Sri Lanka Latest Breaking New...
- Sri Lanka makes significant progress at the World Bank – IMF spring meetings in Washington (Category: Breaking News)
- IMF and Sri Lanka discuss steps to be taken to secure funds (Category: Breaking News)
- Sri Lankan delegation calls on top IMF, World Bank officials at 2024 Spring Meetings (Category: Breaking News)
- IMF wants social stability maintained in order to help Sri Lanka (Category: Breaking News)
Sri Lanka has failed to strike an agreement on restructuring about US$12 billion of debt with its bondholders, the Government said on Tuesday (Apr 16). “The steering committee did not agree to extension of restricted discussions,” it said in a regulatory filing. Following talks with bondholders on the sidelines of the International Monetary Fund and […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka bondholders’ proposal met with Government pushback (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “It is always a pleasure to meet with Dr. Krishnamurthy Subramanian, […]
- Sri Lanka tells G-24 country’s economy has stabilised (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
[…]The post Excitement Unleashed – Slot Games and Betting Options on Melbet Sri Lanka appeared first on Colombo Telegraph.
- IPO To Raise Rs. 400 mn (Category: Breaking News)
- Video: HIRU THANIWELA EP 400 (Category: Video)
- Video: CoL has increased by 400 percent - Maithri (Category: Video)
- 400 Shops In Colombo To Be Sealed (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)
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
- President now expects IMF bailout next month (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Will strongly support Sri Lanka on debt restructuring - IMF chief (Category: Breaking News)
- IMF working very hard to press for urgent debt resolution for countries like Sri Lanka - IMF chief (Category: Breaking News)
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
- Economic growth of 1.8% is expected in 2024 - Semasinghe (Category: Breaking News)
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- IT professionals leaving country (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)
Countries like Sri Lanka could benefit from debt-for-nature swaps, the UK based International Institute for Environment and Development (IIED) said. Reuters reported that debt-for-nature swaps, where poorer countries have debt written off in return for protecting ecosystems such as barrier reefs or rainforests, could provide $100 billion for the fight against climate change, a new […]
- Modi says India greatly sensitive to Sri Lanka’s needs (Category: Breaking News)
- NIA apprehends suspect over alleged attempt to revive LTTE (Category: Breaking News)
- Mathews overlooked Chamari picked in The Hundred draft (Category: Breaking News)
- Pak Army committed genocide in Bangladesh in 1971, says new resolution tabled in US House (Category: Breaking News)
Sri Lanka s State Minister of Finance Shehan Semasinghe says that they expect fruitful engagements that will pave the way for unlocking the next tranche of essential IMF funding and a speedy debt resolution which will enhance economic stability, during the upcoming International Monetary Fund (IMF) and World Bank ÂSpring Meetings 2024.
[…]The post Planning For A Year Of Elections appeared first on Colombo Telegraph.
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- The Partnership Between NPP & JVP Must Be Emboldened (Category: Breaking News)
- Is State Owned Temasek A Useful Concept For Sri Lanka? (Category: Breaking News)
- Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP (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 Executive Board of the International Monetary Fund (IMF) selected Kristalina Georgieva to serve as IMF Managing Director for a second five-year term starting on October 1, 2024. The Board’s decision was taken by consensus. In line with the selection process it had established on March 13, 2024, the Board held several discussions, including with […]
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- IMF Executive Board to decide on Sri Lanka’s EFF on March 20 (Category: Breaking News)
- IMF wants to resolve debt crisis in Sri Lanka (Category: Breaking News)
- IMF says G20 Common Framework delivering 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)
A Singaporean court has begun handing out sentences in a sensational case, which saw 10 Chinese nationals charged for laundering $2.2bn (£1.8bn) earned from criminal activities abroad. The scandal embroiled multiple banks, property agents, precious metal traders and a top golf club. It led to extensive raids in some of the most affluent neighbourhoods, where […]
- Pakistan accused of killing eight women and children in Afghanistan air strikes (Category: Breaking News)
- Bishop stabbed during sermon in Sydney (Category: Breaking News)
- OJ Simpson, NFL star cleared in ‘trial of the century’, dies aged 76 (Category: Breaking News)
- Joe Biden expects Iran to attack Israel ‘sooner than later’ (Category: Breaking News)
[…]The post Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances Due To The DDO appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Domestic Debt Restructuring: An Episode In Capital’s Attack On Working People (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
A top Vietnamese property tycoon was sentenced to death on Thursday in one of the biggest corruption cases in history, with an estimated $27 billion in damages. A panel of three hand-picked jurors and two judges rejected all defence arguments by Truong My Lan, chair of major developer Van Thinh Phat, who was found guilty […]
- DFCC Bank Champions Women Entrepreneurs as Diamond Sponsor of WCIC Prathibhabhisheka Awards 2024 (Category: Breaking News)
- Fierce storm lashes United Arab Emirates as Dubai diverts flights (Category: Breaking News)
- Four paratroopers injured during Independence Day rehearsals (Category: Breaking News)
- Army ready to send 300 troops to Turkey (Category: Breaking News)
It was the most spectacular trial ever held in Vietnam, befitting one of the greatest bank frauds the world has ever seen. Behind the stately yellow portico of the colonial-era courthouse in Ho Chi Minh City, a 67-year-old Vietnamese property developer was sentenced to death on Thursday for looting one of the country’s largest banks […]
- COP28: UN climate talks in jeopardy in fossil fuel backlash (Category: Breaking News)
- Powerful storms wreak havoc in Europe (Category: Breaking News)
- Rohit Sharma: The Indian captain who lost cricket World Cup but won hearts (Category: Breaking News)
- Gunmen storm Ecuador television studio live on air (Category: Breaking News)
Despite making Rs. 5 billion in profit yearly from expressways in Sri Lanka, Minister Bandula Gunawardana said it might take 160 years to pay off the Rs. 800 billion loan used to build them.The post Despite Rs. 5 Billion annual profit, Expressway Debt might last 160 Years – Bandula appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Jumbo profit at JKH (Category: Business)
- Hemas records Rs. 1.3 b after tax profit in FY12 (Category: Business)
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
[…]The post A Bill For Women’s Empowerment Was Issued appeared first on Colombo Telegraph.
- Mage Kathava – Autobiography Of Imthiaz Bakeer Markar (Category: Breaking News)
- කාන්තාවන් බල ගැන්වීම සඳහා පනත් කෙටුම්පතක් ඇවිත් (Category: Breaking News)
- Why The Sri Lankan Rupee Is Appreciating (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
Nearly Rs. 200 billion has been paid in 2023 alone to provide relief to the people affected by the economic crisis, Presidential Director General (Community Affairs) Mr. Rajith Keerthi Thennakoon said.The post Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Rs 200 billion social safety net to support Sri Lanka s vulnerable populations amid economic tur... (Category: Breaking News)
- Sri Lanka Implements Its Most Robust Social Security Program (Category: Breaking News)
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Sri Lanka’s Trade minister says cost of living will reduce by 75% by end of First Quarter 2024 (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)
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