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[…]The post Army Bigwigs Have Made Shameful Attempts To Bury The Truth appeared first on Colombo Telegraph.
[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
[…]The post Navigating Online Casino Security Issues: What to Do When Your Account is Compromised appeared first on Colombo Telegraph.
The World Bank today assured continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. World Bank Vice President for South Asia, Martin Raiser, today concluded a four-day visit to Sri Lanka during which he met with Sri Lanka’s President and Minister of […]
The Court of Appeal today (February 28) issued a writ order quashing the charges against former Finance Minister Ravi Karunanayake in connection with two cases filed in Colombo High Court over Central Bank bond issuance.The post Court of Appeal quashes charges against Ravi Karunanayake in two Central Bank bond cases appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
The World Bank will continue to support Sri Lanka’s development reforms program, the representatives of the global financial institutions assured today (February 28).The post World Bank pledges continued support for Sri Lanka’s development reform programme appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The chairpersons of the People s Bank and the Bank of Ceylon (BOC) both emphasized that their respective banks are ready to serve their customers tomorrow (March 01), the President s Media Division (PMD) says.
Pakistan’s federal budget deficit projection has been revised to history’s highest at Rs6.22 trillion, highlighting the unending fiscal woes that have pushed the country into a debt trap despite putting an additional burden of Rs735 billion on people in the current fiscal year. The revision has been made in light of recent talks with the […]
The Chairmen of the People’s Bank and the Bank of Ceylon both emphasized that their respective banks are ready to serve their customers tomorrow (01). They expressed their confidence that it is the responsibility of all public servants to support the government’s program to build the country’s economy, and that bank employees will do the […]
Vice President for the South Asian region of the World Bank, Martin Raiser, has assured the World Bank s continued support towards Sri Lanka s development reform programme.This was confirmed by the President s Media Division (PMD) a short while ago (28 Feb.).
The Russian Foreign Ministry said in a statement that the G20 is destabilized by the collective West and is used in an anti-Russian, purely confrontational manner. The United States, the EU and the G7 continue their attempts to isolate Russia and shift the blame for the provoked problems in international security and the global economy […]
At least half a million people in Sri Lanka lost their jobs in 2022, majority of them being employed women and those in the industry and services sectors, the World Bank says.
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
The European Investment Bank (EIB) says it is monitoring the offer made to Sri Lanka by the International Monetary Fund (IMF). Sri Lanka Ambassador to Belgium, Luxembourg, and Head of Mission to the European Union Grace Asirwatham met with Vice President of the European Investment Bank Kris Peeters in Luxembourg. Senior Loan Officer, Public Sector […]
[…]The post Critical Steps Every Business Should Take to Protect Their Data appeared first on Colombo Telegraph.
The International Finance Corporation (IFC), the World Bank’s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.The post World Bank’s IFC to provide Sri Lanka with $400 million financing appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
The International Finance Corporation (IFC) is to provide $400 million to three of Sri Lanka’s leading national banks to help facilitate imports of essential goods. IFC said it will support the private sector with critical financing, contributing to the country’s urgent need to stabilize the economy. Sri Lanka has been facing its worst economic crisis […]
A decision has not been taken to suspend the fuel pass QR code system from April, Power and Energy Minister Kanchana Wijesekera said today. There were reports that the fuel pass QR code system will be suspended from 10th April. However, Wijesekera said the system will continue. He said that data will be analysed and […]
The International Finance Corporation (IFC), the World Bank s investment arm, said it will provide Sri Lanka with a $400 million cross-currency swap facility to help fund essential imports.
The Monetary Board of the Central Bank of Sri Lanka has decided to reduce mandatory sale of export proceeds/receipts and inward workers’ remittances of commercial banks with effect from February 27, 2023.The post Sri Lanka’s Central Bank reduces mandated forex sales by banks to 15% appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
More than 100 participants from Sri Lanka and the Maldives joined in a workshop on how to access the international instruments of climate finance. During the online workshop experts shared key insights and opportunities for accessing international climate funds. The interactive workshop also provided an opportunity to discuss the latest developments on this critical issue […]
BBC reported that the Israeli government and the Palestinian Authority have announced a joint commitment to take immediate steps to end a surge in violence. The move has emerged from rare talks in Jordan, also attended by US and Egyptian officials. The meeting agreed to support confidence-building steps and “to work towards a just and […]
by Prof. R.P. Gunawardane A very interesting article, ‘Ceylon’s first university in memory and imagination’, by Ernest Macintyre in The Sunday Island of 12 February 2023 describing the life at University of Ceylon, Peradeniya Campus in fifties prompted me to write about the life at Peradeniya Campus in the next decade, the nineteen sixties. Macintyre […]
[…]The post Crisis-Hit Sri Lanka Economy appeared first on Colombo Telegraph.
India, G20 president, will showcase its success in the digital economy and may offer conditional help to other countries to further advance their own digital economy and payments infrastructure, Business Standard has learnt. The host may also hold advanced discussions with G20 partners and multilateral institutions on reducing the sovereign indebtedness of poorer nations in […]
President Ranil Wickremesinghe has stated that the country s economy cannot afford the release of funds on an ad hoc basis, owing to its ongoing economic crisis.
[…]The post Aragalaya’s Unfinished Business appeared first on Colombo Telegraph.
The G20 Finance Ministers and Central Bank Governors who met in Bengaluru, India from February 24-25, 2023 said that they look forward to a swift resolution to Sri Lanka’s debt situation. India’s Minister of Finance Nirmala Sitharaman, reading the Chair Summary and Outcome Document of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, […]
The International Monetary Fund (IMF) on Saturday called for ‘timely and orderly processes’ under common framework with regards to Sri Lanka’s debt resolution. The island nation faced severe economic crisis which resulted in high debt.The post IMF calls for ‘timely and orderly processes’ of debt resolution for Sri Lanka appeared first on Sri Lanka News - Latest Breaking News in Sri Lan...
The World Bank has called for quick restructuring of Sri Lanka’s debt. World Bank President David Malpass said that Sri Lanka and other middle-income countries were in need of quick debt restructuring. “We should work together to achieve solutions – Zambia MoU, Ghana official creditors’ committee, Ethiopia rescheduling, and Sri Lanka financial assurances. All of […]