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By Sanath Nanayakkare The prospects for lightening the debt burden of low-income countries such as Sri Lanka will become clearer at the G20 meeting to be held in Bengaluru, President Ranil Wickremesinghe said in Colombo on Tuesday. He said so referring to the G20 Finance Ministers and Central Bank Governors meeting under the G20 Indian […]
- India greatly sensitive to needs of Lanka – PM Modi (Category: Breaking News)
- Debt restructuring making progress in countries outside G20 framework - IMF (Category: Breaking News)
- G20 advocate swift resolution of Sri Lanka’s debt situation and strengthen global debt collabora... (Category: Breaking News)
- Japan seeks to organize SL creditors’ conference: Will China attend? (Category: Breaking News)
Pakistan and Sri Lanka are getting close to securing bailouts from the International Monetary Fund after taking a series of steps including tax increases to boost their beleaguered economies.The post Sri Lanka and Pakistan close in on IMF deals after raising taxes – report appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Foreign powers want Pakistan to default like Sri Lanka – Pakistan Finance Minister (Category: Breaking News)
- Pakistani warship heading to Colombo amidst row over Chinese research vessel (Category: Breaking News)
- IMF Staff concludes visit to Sri Lanka and issued official statement (Category: Breaking News)
- NPP to revise IMF agreement (Category: Breaking News)
Former Member of Parliament D. E. W Gunasekera has revealed that the Government is preparing for the introduction of a new Bill pertaining to the reform of the Central Bank of Sri Lanka (CBSL).
Sri Lanka’s National Consumer Price Index (NCPI) eased year-on-year to 53.2% in January, after a 59.2% rise in December, the statistics department said on Tuesday (February 21).The post Sri Lanka consumer price inflation eases to 53.2% in January but impulses still persist appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s inflation increases to 66.7% in July (Category: Breaking News)
- Sri Lanka’s Inflation may turn a corner this month as prices appear to have peaked (Category: Breaking News)
- Sri Lanka’s national inflation eases further to 10.8% in June (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
The International Monetary Fund (IMF) remains hopeful of Sri Lankan authorities securing financing assurances from all its bilateral creditors soon, so that the Fund’s Executive Board could give its nod to unlock the envisaged US$ 2.9 billion bailout package to support the crisis-hit economy, a top IMF official said.The post IMF remains hopeful of Sri Lanka securing all financing assurances soon t...
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
Several Sri Lankans have started borrowing money or are spending their savings owing to the economic crisis. The UN World Food Programme (WFP), said that nearly seven in ten households are adopting foodbased coping strategies such as relying on less preferred food, limiting portion sizes and reducing the number of meals. In addition, WFP said […]
- Sri Lanka continues to experience high levels of food insecurity (Category: Breaking News)
- US funded fortified rice shipments begin arriving at Colombo Port (Category: Breaking News)
- WFP Executive Board approves Sri Lanka’s CSP (Category: Breaking News)
- UN warns situation in Sri Lanka likely to worsen (Category: Breaking News)
COYLE annual diplomats’ evening: The Chamber of Young Lankan Entrepreneurs (COYLE), consisting of a membership of over 120 entrepreneurs and highly recognized business entities, hosted their annual evening of open discussion and networking with the diplomatic community in Sri Lanka. Foreign Minister, Ali Sabry was invited as the chief guest who delivered an impassioned and […]
- Sustainable policies needed; IMF assistance only a temporary solution – COYLE (Category: Breaking News)
- COYLE meets the President for entrepreneur friendly budget proposals (Category: Business)
- Idac Chief Rohitha Silva new Chairman of COYLE (Category: Business)
- Fly the Sri Lanka flag urges COYLE (Category: Business)
By Rathindra Kuruwita Sri Lanka had to pay over USD 2.6 billion to foreign creditors, in 2023 as loan repayments and interest, Cabinet Spokesman Bandula Gunawardena told the media on Tuesday. Addressing the post-Cabinet Press conference, Gunawardena said that around USD 2.1 billion dollars would be spent on debt repayment and USD 504 million on interest. The […]
- Govt. says selling state assets only way to build reserves and prevent crippling shortages (Category: Breaking News)
- Various weaknesses and wrong policy decisions led to debt default - PM (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
- Customs revenue exceeds Rs. 109 billion in October (Category: Breaking News)
Sri Lanka today sought international support to expedite a response from the International Monetary Fund (IMF) on funding and assistance. Foreign Minister Ali Sabry briefed the Head of Missions of the Paris Club member nations and the HOM of India at the Foreign Ministry today. The Governor of the Central Bank, Nandalal Weerasinghe, Treasury Secretary […]
- BASL concerned over Ranil’s attack on Saliya Pieris (Category: Breaking News)
- LG polls postponed indefinitely (Category: Breaking News)
- EC to consider request to allow Sri Lankans overseas to vote (Category: Breaking News)
- Khayal launched in Kandy (Category: Breaking News)
Veteran banker, Faizal Salieh, has been appointed as the new Chairman of the Securities and Exchange Commission of Sri Lanka (SEC). He has been appointed to the post with effect from 20 February 2023. Salieh served as the Chief of Corporate and Merchant Banking at ANZGrindlays Bank; COO of NDB; Executive Director/CEO of NDB Housing […]
- World Bank calls for quick restructuring of Sri Lanka’s debt (Category: Breaking News)
- Sri Lanka seeks support to expedite response from IMF (Category: Breaking News)
- UNP suspends 1,137 local council members (Category: Breaking News)
- G20 backs swift resolution to Sri Lanka’s debt situation (Category: Breaking News)
Sri Lanka is tangled in the worst financial crisis in over seven decades, triggered by a severe shortage of foreign exchange that forced the country to annouce a suspension of foreign debt repayments in April 2022.The post Sri Lanka to make $2.6 billion in loan repayments in first half of year appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- China confirms two-year debt moratorium offer for Sri Lanka (Category: Breaking News)
- Sri Lanka’s revenue shortfall concerns IMF team – sources (Category: Breaking News)
- SriLankan Airlines says paid interest on US$ 175 million bond after sovereign debt default (Category: Breaking News)
- Debt owed by Pakistan, Sri Lanka and Bangladesh to China rise to record levels: Data (Category: Breaking News)
The Export-Import Bank of China has provided Sri Lanka with a debt extension, China’s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka’s debt sustainability.The post China already offers Sri Lanka debt extension: Chinese Foreign Ministry appeared first on...
- China confirms two-year debt moratorium offer for Sri Lanka (Category: Breaking News)
- China responds to Victoria Nuland’s comment on Debt Relief to Sri Lanka (Category: Breaking News)
- China already offers Sri Lanka debt extension- Foreign Ministry (Category: Breaking News)
- China calls for joint efforts to ease Sri Lanka’s debt burden (Category: Breaking News)
The Export-Import Bank of China has provided Sri Lanka with a debt extension, China s Foreign Ministry said on Monday, noting that China is willing to negotiate a medium- and long-term debt disposal plan with the country in a friendly manner, and do its best to promote Sri Lanka s debt sustainability.
- Printed Promise (Category: Business)
- Political Influence (Category: Business)
- Reserve Investment (Category: Business)
- Debt Demand (Category: Business)
[…]The post A führer In The Making appeared first on Colombo Telegraph.
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- Aragalaya’s Unfinished Business (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
[…]The post Child’s Guide To Bitcoinisation Of Sri Lanka Economy appeared first on Colombo Telegraph.
- The Central Bank Rejected U.S. Billionaire’s Bitcoin Pitch (Category: Breaking News)
- Embracing the Cryptocurrency Wave, Sri Lanka Ventures into Bitcoin and Blockchain Technology (Category: Breaking News)
- A Child’s Guide To Currency Boards: Why Did Ceylon Give Up The Currency Board, While Singapore D... (Category: Breaking News)
- A Child’s Guide To Currency Board Systems: Has The Monetary Board Failed The Nation? (Category: Breaking News)
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
- SL to scrap visa-on-arrival for Indians, others (Category: Breaking News)
- Sri Lanka to make comeback as popular destination for Indians (Category: Breaking News)
- Thailand ranks as No. 1 outbound destination for Indian travellers (Category: Business)
- India has not stopped visas for Sri Lanka citizens: HC (Category: Breaking News)
Sri Lanka, the ‘pearl of Indian Ocean’, will soon make a comeback as a popular destination for Indians, the Indian media quoted travel companies in India as saying. Indians shelled out nearly $10 billion in overseas travel in the first nine months of the ongoing fiscal, more than any full financial year, the Times of […]
- SL to scrap visa-on-arrival for Indians, others (Category: Breaking News)
- Sri Lanka to make comeback as popular destination for Indians (Category: Breaking News)
- Thailand ranks as No. 1 outbound destination for Indian travellers (Category: Business)
- India has not stopped visas for Sri Lanka citizens: HC (Category: Breaking News)
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Debt Restructuring As Rocket Science: The IMF, Green, Blue & Pink-Washing BlackRock? (Category: Breaking News)
- Of Elections, Bond Scams & Money Politics: The Anatomy Of Default @75 (Category: Breaking News)
- Beyond The Myth Of TINA To The IMF: The New Development Bank In The Asian 21st Century (Category: Breaking News)
The Presidential Secretariat will shortly issue a circular restricting senior state officials, including the President’s and the Prime Minister’s Secretaries from using business class travel on overseas official trips.The post No business class travel for top Government officials appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- United Kingdom relaxes travel restrictions on Sri Lanka (Category: Breaking News)
- April 15 declared a public holiday in Sri Lanka (Category: Breaking News)
- Sri Lanka airline boss says ‘don’t be a CEO during Covid’ (Category: Breaking News)
- U.S. Under Secretary of State for Public Diplomacy, Liz Allen (Elizabeth M. Allen) to visit Sri ... (Category: Breaking News)
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions.The post IMF said to discuss Sri Lanka loan approval even as China stalls appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
- IMF Executive Board considers Sri Lanka’s loan facility for approval today (March 20) (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
[…]The post A Painted Ship In A Painted Ocean appeared first on Colombo Telegraph.
- Being Meticulously Scrupulous! (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
- The Past Is Never Dead (Category: Breaking News)
The International Monetary Fund is considering approving Sri Lanka’s bailout even without the formal assurance of debt-restructuring support from China, the nation’s biggest bilateral creditor, according to people familiar with the discussions. Under a rarely used policy on lending into official arrears, the IMF may consider approving Sri Lanka’s loan because China’s assurance is the only prerequi...
- India writes to IMF backing Sri Lanka’s debt restructuring plan (Category: Breaking News)
- US Treasury Secretary speaks to Ranil on IMF deal (Category: Breaking News)
- China’s offer not sufficient for IMF deal (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
President Ranil Wickremesinghe says a loan under the International Monetary Fund (IMF) Extended Fund Facility (EFF) is expected to be received in March. He expressed these views during a meeting held with small and large-scale rice mill owners at the Presidential Secretariat, the President’s Media Division said today. The IMF had said last week that […]
- Sri Lanka President expects IMF Extended Fund Facility in March (Category: Breaking News)
- Government to provide 10 kg of rice to 2 million families (Category: Breaking News)
- IMF wants Sri Lanka to restore debt sustainability (Category: Breaking News)
- Northern Province to produce food to feed the country (Category: Breaking News)
Sri Lanka President Ranil Wickremesinghe said under the International Monetary Fund’s (IMF) extended fund facility (EFF) program, USD 2.9 billion is expected to be received by March.The post Sri Lanka President expects IMF Extended Fund Facility in March appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka can no longer be considered a bankrupt country – Presidentnullnullnullnullnull (Category: Breaking News)
- IMF bailout package has unlocked new path to create better future for youth and uplift the count... (Category: Breaking News)
- Sri Lanka President assures IMF’s second tranche will be approved today (Category: Breaking News)
- IMF begins second review of Sri Lanka’s bailout package today (Category: Breaking News)
The overseas travel ban imposed on the former Governor of the Central Bank of Sri Lanka, Ajith Nivard Cabraal, has been extended until 06 April. The travel ban was extended by the Colombo High Court today. The order was issued related to a case filed by Rajitha Keerthi Tennakoon accusing Cabraal of misusing public funds. Speaking […]
- Overseas travel ban on Cabraal further extended (Category: Breaking News)
- Overseas travel ban on Cabraal extended (Category: Breaking News)
- Overseas travel ban on Cabraal extended (Category: Breaking News)
- Overseas travel ban on Cabraal extended (Category: Breaking News)
Thursday 16th February, 2023 The Rajapaksa-Wickremesinghe regime is in overdrive to derail the local government (LG) elections. It might succeeded in sabotaging postal voting. It knows that it is highly unpopular, and an electoral contest at this juncture will seal its fate. It is a dead man walking! In 1994, the then President Chandrika Bandaranaike […]
- SJB: Has Prez made LG polls disappear? (Category: Breaking News)
- Opp. alleges bid to put off LG polls (Category: Breaking News)
- President s request to the Election Commission on LG polls (Category: Breaking News)
- SJB: NGO-funded workshops no substitute for LG polls (Category: Breaking News)
[…]The post Qualified Candidates Essential For System Change appeared first on Colombo Telegraph.
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- The National People’s Power (NPP) (Category: Breaking News)
- The Three Crossroads – Part II (Category: Breaking News)
- Restoring Parliamentary Government (Category: Breaking News)
With China yet to support Sri Lanka debt restructuring based on the debt sustainability analysis (DSA) of the IMF and Paris Club, time is running out on Colombo to secure a much-needed loan to revive the nation from the present economic crisis.The post China dithers over IMF’s Sri Lanka debt plan, leaves Colombo in limbo appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- Sri Lanka to make $2.6 billion in loan repayments in first half of year (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka expects financing assurances from China for IMF deal within days (Category: Breaking News)
[…]The post PAYE Tax; Will There Be A Mass Exodus? appeared first on Colombo Telegraph.
- Current State Of Sri Lankan Economy, According To Dhananath Fernando (Category: Breaking News)
- RW’s Tax Hike Welcome But Much More To Be Done To Come Out Of The Crisis (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
- Reducing The Tax Burden (Category: Breaking News)
[…]The post Warning Signal To RW’s Transformation Agenda appeared first on Colombo Telegraph.
- IMF’s Prescription: Panacea Or Palliative? (Category: Breaking News)
- A führer In The Making (Category: Breaking News)
- RW’s Rocky Road To Export Driven Valhalla (Category: Breaking News)
- RW, IMF & The Economy (Category: Breaking News)
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