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Earnings from exports in 2022 surpassed USD 13 billion per year for the first time, recording an increase of 4.9% from the previous highest recorded in 2021, the Central Bank of Sri Lanka (CBSL) says.
The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.The post Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays appeared first on Sri Lanka News - Latest Breaking News in Sri L...
Sri Lanka's Central Bank Governor Dr. Nandalal Weerasinghe said regardless of the future elections, he wants to see a continuation of the economic reform path the country has embarked on, as it is the only way to come out of the current crisis.The post Sri Lanka’s Central Bank insists on staying on reform path regardless of election outcome appeared first on Sri Lanka News - Latest Breaking ...
Holders of Sri Lanka’s foreign bonds want more clarity on the nation’s local-currency debt before they sit down for formal restructuring talks, according to people familiar with the situation.The post Sri Lanka creditors seek clarity on local bonds for debt talks – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Sri Lanka was found to be more corrupt in 2022 than it was in the year 2021, according to the 2022 Corruption Perceptions Index (CPI). The 2022 Corruption Perceptions Index (CPI) released by Transparency International saw Sri Lanka’s rankings drop by 1 point in 2022 from the year 2021. The CPI has ranked Sri Lanka […]
[…]The post Hasalaka Thushara, Ayn Rand & An Instance Of Atlas Choosing To Shrug Himself appeared first on Colombo Telegraph.
Sri Lankan Minister of Foreign Affairs Ali Sabry has held talks with ministers and senior officials in Saudi Arabia, as the crisis-hit island nation seeks to boost cooperation with the Kingdom and other Gulf countries.The post Sri Lanka seeks to boost ties with Saudi Arabia and Gulf nations appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
[…]The post There’s No Statute Of Limitations On Crimes Against Humanity appeared first on Colombo Telegraph.
By Easwaran Rutnam China’s offer to Sri Lanka of a two-year moratorium on its debt is not sufficient to clear the path for the International Monetary Fund (IMF) to approve a funding program, diplomatic sources told Daily Mirror. Sources said that the IMF requires more assurances from China in order to secure IMF board approval […]
[…]The post Continuing With Tight Monetary Policy: Is The Central Bank Making A Mistake? appeared first on Colombo Telegraph.
[…]The post Big Fishes In Little Ponds: The Government’s & Civil Society’s Rightward Tilt appeared first on Colombo Telegraph.
by Moshahida Sultana Ritu Earlier this month, the five percent electricity price hike and 78.2 percent gas price hike by the Energy and Mineral Resource Division raised concerns about the accountability of the government, and consumer rights. The December 2022 amendment of the Bangladesh Energy Regulatory Commission (Berc) Act 2003 empowered the government to set […]
Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.The Pakistani rupee has dived to a historic low against the United States dollar after an exchange cap was lifted as the cash-strapped country seeks to unlock a vital bailout from the IMF. The Washington-based lender has yet to approve […]
[…]The post Fear Corrupts Politicians: Time To Repeal Custom-Made Laws appeared first on Colombo Telegraph.
International Monetary Fund (IMF) Executive Director Dr. Krishnamurthy Subramanian has said the political will displayed by the Sri Lankan leadership to speed up reforms and implement difficult tax increases in order to revive the economy is highly appreciable, according to a statement issued by Prime Minister Dinesh Gunawardena’s Office yesterday (26) Dr Subramanian, who called […]
Friday 27th January, 2023 A group of Central Bank (CB) employees, on Wednesday, joined other professionals in protesting against the recently-introduced steep tax hikes. As part of the ongoing Black Protest Week campaign conducted by a collective of professional associations, those workers put up black flags and stood up to the police, who tried to disrupt […]
China’s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China’s Foreign Ministry said, confirming a Reuters report earlier this week. EXIM offered Sri Lanka a two-year moratorium on its debt and said it would support the country’s efforts to secure a $2.9 billion loan from the International Monetary Fund, according […]
Israeli forces killed at least nine Palestinians, including a 60-year-old woman, and wounded several others during a raid in a flashpoint area of the occupied West Bank on Thursday, Palestinian health officials said, in the deadliest day in years in the territory.
China s Export-Import Bank of China (EXIM) has provided Sri Lanka with a debt extension, China s foreign ministry said on Thursday, confirming a Reuters report earlier this week.
Debt-ridden Sri Lanka on Wednesday (January 25) thanked India for issuing the necessary guarantees sought by the IMF that would help Colombo to unlock the USD 2.9 billion bailout package.The post Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
While implementing complex programmes such as the International Monetary Fund (IMF), difficult decisions related to it should be implemented regardless of who is in power, Central Bank Governor Dr. Nandalal Weerasinghe said on Wednesday (January 25).The post IMF process should continue whoever is in power – Central Bank Governor appeared first on Sri Lanka News - Latest Breaking News in Sri ...
By Hiran H. Senewiratne The Central Bank did not contract the economy by hiking interest rates, but prevented a further contraction and possible hyper- inflation by stabilizing the external sector with high rates, Central Bank Governor Dr. Nandalal Weerasinghe said. “The Central Bank by tightening monetary policy, minimized the damage that was going to happen […]
By Sanath Nanayakkare Governor of the Central Bank Dr. Nandalal Weerasinghe said yesterday that the CBSL was not in any way connected to the matter of holding local government elections. Dr. Weerasinghe said so responding to a question from journalists as to how the Central Bank viewed the possibility of holding the local government elections […]
The Committee on Public Finance (CoPF) chaired by Hon. (Dr.) Harsha De Silva, Member of Parliament recently (23) stressed that the aim of the committee regardless of allegiances will be to stand by the reforms promulgated by the IMF and being executed by the Central Bank (CB).
An agreement has been reached not to enforce power cuts during the 2022 GCE Advanced Level examinations. The Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), Janaka Ratnayake said that an agreement was reached not to enforce power cuts until 17th February. Accordingly, he said that based on the agreement, power cuts should […]
The Colombo Magistrate s Court today (25 Jan.) ordered the release of the former Governor of the Central Bank of Sri Lanka (CBSL), Ajith Nivard Cabraal, from a case filed by Ven. Thiniyawala Palitha Thero.
The Central Bank of Sri Lanka (CBSL) is hopeful that the International Monetary Fund (IMF) will be able to receive financial assurances from all of Sri Lanka s creditors pertaining to the island s debt restructuring plan in a very short period, Governor Dr. Nandalal Weearsinghe stated.
[…]The post Will India Be The Game Changer For RW? appeared first on Colombo Telegraph.
Any government which was detached from people's true aspirations cannot bring in economic recovery through measures such as imposing taxes, National People Power (NPP) leader Anura Kumara Dissanayake said yesterday.The post Government detached from people’s aspirations cannot bring in economic recovery – Anura appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLAN...