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Sri Lanka and the International Monetary Fund (IMF) have looked at strengthening financial governance in Sri Lanka. State Minister of Finance Shehan Semasinghe had talks with the Deputy Managing Director of the IMF, Kenji Okamura. “It was a great pleasure to meet IMF DMD HE Kenji Okamura. Discussed the progress of the EFF programme, challenges […]
- IMF does not support providing subsidies to everyone in Sri Lanka (Category: Breaking News)
- World Bank, IMF, Sri Lanka discuss restructuring balance sheets of CEB (Category: Breaking News)
- IMF Executive Board approves bailout package for Sri Lanka (Category: Breaking News)
- IMF holds talks with Prime Minister Ranil Wickremesinghe (Category: Breaking News)
Sri Lanka's central bank is expected to keep rates unchanged at its policy meeting this week as it continues to support the debt-laden economy amid persistently high inflation.The post Sri Lanka’s Central Bank to hold rates as inflation stays high appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- Sri Lanka Central Bank to hold rates as inflation worries persist (Category: Breaking News)
- Sri Lanka central bank holds rates, sees sharp drop in inflation (Category: Breaking News)
- Sri Lanka to hold rates as inflation slows slightly, focus on IMF bailout (Category: Breaking News)
- Central Bank of Sri Lanka threatens administrative measures over high market interest rates (Category: Breaking News)
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura, is to visit Sri Lanka for talks. State Minister of Finance Shehan Semasinghe said that Kenji Okamura will be on a two-day official visit to Sri Lanka (31st May and 1st June). During the visit, several rounds of discussions will be held on […]
- Emirates to promote Sri Lanka as ideal destination for travellers (Category: Breaking News)
- China to explore opportunities to strengthen relations with Sri Lanka (Category: Breaking News)
- Students visit President’s House one year after it was stormed (Category: Breaking News)
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
The Asian Development Bank (ADB) on Monday (29) approved a 350 million U.S. Dollar special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the ADB said in a press release. The Bank said that the programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s […]
- ADB approves USD 100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- ADB chief commends Sri Lanka s efforts, pledges further support (Category: Breaking News)
- ADB approves USD 350 million loan for Sri Lanka s economic stabilization (Category: Breaking News)
- World Bank, ADB AIIB announce joint plan to help Sri Lanka (Category: Breaking News)
By N Sathiya Moorthy How come a ‘poor’ in Asia is also among the ‘miserable’ in the world? But it is possible, as two economic surveys of nations have shown, coming as they do almost simultaneously. A certain Hanke’s Annual Misery Index (HAMI) 2022 has ranked Sri Lanka as the 11th […]
- Pulling out the woollens when it is winter elsewhere, still (Category: Breaking News)
- Paris Club proposes 10-year moratorium for Sri Lanka (Category: Breaking News)
- Türkiye says tensions between great power rivalries affected Sri Lanka (Category: Breaking News)
- India surpasses China as largest lender for Sri Lanka (Category: Breaking News)
The Asian Development Bank (ADB) today approved a $350 million special policy-based loan to provide budget support to Sri Lanka for economic stabilization.The post ADB approves $350 Million for Sri Lanka economic stabilization programme appeared first on ONLANKA News - Sri Lanka Latest Breaking News and Live Updates - Sri Lanka News.
- ADB approves USD 350 million loan for Sri Lanka s economic stabilization (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- ADB approves $100 million loan to support SMEs in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
The Asian Development Bank (ADB) today approved a US$350 million (RM1.6 billion) special policy-based loan to provide budget support to Sri Lanka for economic stabilisation, the regional lender said in a statement. The programme is part of a broader package of financial assistance anchored by the International Monetary Fund’s (IMF) Extended Fund Facility for the […]
- Sri Lanka secures ADB grant to pay paddy farmers (Category: Breaking News)
- ADB approves $100M loan to provide Sri Lankan SMEs more access to finance (Category: Breaking News)
- ADB says Sri Lanka must maintain reform momentum (Category: Breaking News)
- ADB approves $200 million emergency assistance loan for Sri Lanka (Category: Breaking News)
[…]The post IMF Bailout: Will Enforced Austerity Lead To A Fascist Government? appeared first on Colombo Telegraph.
- Target 2048 – Social Market Economy Ideology Need Be Clarified & Signed Off (Category: Breaking News)
- Child’s Guide To How Ranilnomics Should Be Designed & Implemented (Category: Breaking News)
- Debt Restructuring, Austerity, & The IMF: A Solution Or A Worsening Of The Problem? (Category: Breaking News)
- Without A Code Of Ethics & Principles Of morality, No Meaning In Social Market Economy (Category: Breaking News)
[…]The post Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices appeared first on Colombo Telegraph.
- Liberal Or Edible Economics: Global Disorder Worst In A Century (Category: Breaking News)
- Ranil’s Economic Strategy: Will His Prioritisation Of Targets Misfire? (Category: Breaking News)
- Lanka: Dilemmas & Economic Programmes – Do We Consume More Than We Produce? (Category: Breaking News)
- Exploring The Silent Wilderness Of Self-Discovery (Category: Breaking News)
[…]The post Economics Of Recovery & Politics Of Reconciliation appeared first on Colombo Telegraph.
- IMF Economics & 13A Politics: Recipe For Unrest (Category: Breaking News)
- Politics Behind Economic Recovery (Category: Breaking News)
- IMF, ATA & RW’s Consolidation (Category: Breaking News)
- Diaspora Tamils & 13A (Category: Breaking News)
Sri Lanka needs to step up efforts in enticing a larger proportion of its population across all provinces towards embracing entrepreneurship so that the impacts of the ongoing economic crisis would lessen, the Central Bank asserted.The post Sri Lanka needs to boost entrepreneurship to overcome ongoing crisis – Central Bank Governor appeared first on ONLANKA News - Sri Lanka News Service to g...
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka central bank to consider a single policy rate mechanism (Category: Breaking News)
- Sri Lanka faces shutdown without stable Government – Central Bank Governor warns (Category: Breaking News)
Thousands of Indians from across Australia on Tuesday accorded a rousing welcome to PM Modi at a diaspora event at the Qudos Bank Arena in Sydney, one of the country’s biggest indoor stadiums. The PM and his Australian counterpart addressed and interacted with a gathering of over 20,000 people, during which Anthony Albanese called Modi […]
- Our ties have entered T20 mode: PM on deepening relations with Australia (Category: Breaking News)
- PM Modi raises issue of attacks on temples in Australia, says PM Albanese assured “will take str... (Category: Breaking News)
- Indian national flag hoisted for first time during Sikh Games in Australia (Category: Breaking News)
- Australia, India share commitment to stable, secure and prosperous Indo-Pacific: PM Albanese (Category: Breaking News)
Children in Sri Lanka still require critical lifesaving support more than one year from the onset of the poly-crisis that continues to devastate the country with half a million jobs lost and 2.7 million additional people falling into poverty, Save the Children reported quoting World Bank data. Across the island, 38% of families with children are unable […]
- US notes critical role played by content creators in Sri Lanka (Category: Breaking News)
- U.S. State Department Coordinator on Global Anti-Corruption to visit Sri Lanka (Category: Breaking News)
- Sri Lanka’s Eastern Province to connect with the United States (Category: Breaking News)
- ADB pledges further support for Sri Lanka (Category: Breaking News)
By Rathindra Kuruwita The resolution to remove the Chairman of the Public Utilities Commission of Sri Lanka (PUCSL), presented in Parliament yesterday, marked another ominous turning point in Sri Lankan politics, Freedom People’s Congress (FPC) MP Prof. Charitha Herath said yesterday. “What MPs are trying to do is to remove the Chairman of an independent […]
- Parliamentary debate on proposal to remove PUCSL chief today (Category: Breaking News)
- Proposal on lubricant levy an attempt to paralyse PUCSL s independence  Chairman (Category: Breaking News)
- Bid to axe PUCSL head: Govt. all out to secure 113 votes (Category: Breaking News)
- Charge sheet drafted to remove PUCSL chairman - Energy Minister (Category: Breaking News)
Upon completion of its mission to Sri Lanka, the International Monetary Fund (IMF) review team has said that maintaining the economic reform momentum and ensuring timely implementation of the IMF-supported programme’s commitments are essential for Sri Lanka to emerge from the current economic crisis. The mission discussed recent economic developments and the implementation of the […]
- Sri Lanka s overall macroeconomic and policy environment remains challenging - IMF (Category: Breaking News)
- IMF final review discussion with President today (Category: Breaking News)
- Crucial talks on debt restructuring to be held next week (Category: Breaking News)
- Another IMF team here next week (Category: Breaking News)
The International Monetary Fund (IMF) team says that keeping up the economic reform momentum and ensuring timely implementation of the IMF-supported programme’s commitments are key for Sri Lanka to emerge from the economic crisis.The post IMF Staff concludes visit to Sri Lanka and issued official statement appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka ...
- IMF team in Colombo this week for first review of Extended Fund Facility (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- IMF says Sri Lanka is doing well (Category: Breaking News)
- IMF delegation to arrive in Sri Lanka on Thursday (Category: Breaking News)
The International Monetary Fund (IMF) says timely restructuring agreements between Sri Lanka and its creditors in line with the program targets, by the time of the first review, is essential to restoring debt sustainability. An IMF mission led by Messrs. Peter Breuer and Masahiro Nozaki conducted a staff visit to Colombo from May 11 to […]
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- China’s offer not sufficient for IMF deal (Category: Breaking News)
The economic crisis has placed Sri Lanka among the 20 poorest countries in Asia. A report published on Insider Monkey noted that while Sri Lanka is classified as a developing country, it is currently facing an economic crisis characterized by the devaluation of its currency, increasing inflation, and a humanitarian emergency caused by a severe […]
- China-Sri Lanka trade agreements ‘speed up’ amidst debt restructuring negotiations (Category: Breaking News)
- Myanmar will be middle income nation if reforms stay on track – ADB study (Category: Business)
- Japan to write off $ 3.7 b Myanmar debt, restart loans (Category: Business)
- Lanka’s growth to contract by 7.6% in 2022 – ADB (Category: Breaking News)
Sinopec (600028.SS) has signed a contract to enter Sri Lanka’s retail fuel market, the President’s office said on Monday, as the crisis-hit country attempts to reduce pressure on its meagre dollar reserves. Under the new deal the Chinese firm will be given a 20-year licence to operate 150 fuel stations and will also be able […]
- Sinopec offers to fully finance Hambantota refinery (Category: Breaking News)
- Sinopec to operate 200 filling stations in Sri Lanka (Category: Breaking News)
- China’s Sinopec to begin islandwide fuel distribution in Sri Lanka (Category: Breaking News)
- Sri Lanka to approve Sinopec’s $4.5 billion refinery proposal (Category: Breaking News)
By Hema Senanayake hemasenanayake@yahoo.com IMF has an ideology, a system of ideas and ideals which forms the basis of its decisions and policy prescriptions for which the recipient country of the loan claims as of its own. The most important idea does not originate from economic theory but international trade theories instead. The Great Recession […]
- Flexible Rate (Category: Business)
- RW says great power rivalries and geopolitics emerging threat to Third World (Category: Breaking News)
- Steve Hanke on currency boards and flawed pegs amid Sri Lanka meltdown (Category: Breaking News)
- Reactions (Category: Business)
[…]The post Liberal Or Edible Economics: Global Disorder Worst In A Century appeared first on Colombo Telegraph.
- Liberalism, capitalism & The Hungry Masses: “Edible Economics” Will Need To Restrain Choices (Category: Breaking News)
- Trump-Ramasamy Ticket GOP’s Best Bet In 2024; US Events Will Affect The Whole World (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
- Why Yuan Can’t Replace Dollar As The Global Currency (Category: Breaking News)
The Department of Immigration and Emigration under a novel programme decided to issue all passports under a new system from June 1 in order to stop people having to wait for long hours at Department premises in Battaramulla.The post Sri Lanka to issue Passports in three days from June 1, 2023 appeared first on ONLANKA News | Sri Lanka Latest Breaking News and Top Stories - Sri Lanka News.
- Sri Lanka decides to accept Passport applications online (Category: Breaking News)
- Sri Lanka issued 911,689 passports in 2022 (Category: Breaking News)
- Sri Lanka to launch a new online passport application system today (June 15) (Category: Breaking News)
- Sri Lanka to process online applications for passports from June 15 (Category: Breaking News)
[…]The post Central Banks Have A Critical Role To Play During Times Of Financial Crisis appeared first on Colombo Telegraph.
- CB To Launch A Diagnostic Audit Of Sri Lankan Banks; “Physician, Heal Thyself”! (Category: Breaking News)
- New CBSL Act – Monetary Policy – Interest Rates Et Al. (Category: Breaking News)
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
- Banks, Fitch Ratings, NPLs & Impairments! (Category: Breaking News)
By Shamindra Ferdinando Opposition spokesperson Prof. G. L. Peiris has alleged that two new laws that dealt with terrorism and corruption were meant to consolidate the Wickremesinghe-Rajapaksa regime. The former External Affairs Minister discussed the government’s agenda pertaining to the proposed Anti-Terrorism Bill and Anti-Corruption Bill. He said the Anti-Corruption Bill was actually meant to ...
- GL urges AG to ensure compliance with SC recommendations before Speaker certifies Online Safety ... (Category: Breaking News)
- Bid to use private member’s motion to put off LG polls alleged (Category: Breaking News)
- UNHRC concerned about constitutional jugglery to suppress Opposition: GL (Category: Breaking News)
- ‘Revenue raised from new taxes, too, will be robbed, wasted’ (Category: Breaking News)
India and Sri Lanka are exploring the possibility of using the Indian Rupee for economic transactions in order to strengthen their partnership through trade and investment-led measures. Recently, the High Commission of India organized a discussion in Colombo, on the use of the Indian Rupee for transactions between the two countries. Representatives from the Bank […]
- Indian tourists visiting Sri Lanka can pay in INR (Category: Breaking News)
- Indian Rupee not a legal tender in Sri Lanka for domestic payments (Category: Breaking News)
- RBI allows international trade settlement in Rupee (Category: Breaking News)
- RBI permits banks to open vostro accounts from 22 countries for trade in rupee (Category: Breaking News)
CPC, CEB need to recover costs until end of Fund’s loan package By Rathindra Kuruwita The Ceylon Petroleum Corporation (CPC) and Ceylon Electricity Board (CEB) had to recover costs until the end of the IMF programme, Sarwat Jahan, IMF Resident Representative in Sri Lanka, told a press conference in Colombo yesterday. The IMF also wanted the […]
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- Lanka can be on path to recovery by 2024: IMF official (Category: Breaking News)
- New IMF funds for Sri Lanka may be delayed as review sees revenue shortfall (Category: Breaking News)
- More than a quarter of Lankans living in poverty – World Bank (Category: Breaking News)
[…]The post Global Technological Developments & How Sri Lanka Should Reframe Its Growth Strategies appeared first on Colombo Telegraph.
- Colombo University Business Economic Summit 2024: Keynote Address (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
- Presentation At Webinar Hosted By NSF: Technology & Sri Lanka’s Future (Category: Breaking News)
[…]The post Politics Of Poverty & Aswesuma appeared first on Colombo Telegraph.
- The Economy & Politics: A Reality Check (Category: Breaking News)
- Economic Realities & Political Promises (Category: Breaking News)
- Recovery, Growth & Toxic Imports (Category: Breaking News)
- Towards A False Dawn (Category: Breaking News)
The prevailing economic crisis dealt a huge blow to the country’s fisheries sector resulting in setbacks and decline of production thereby raising the retail prices of fish during last year, says the Central bank in its latest annual report. The seventy third Annual Report of the Monetary Board of the Central Bank of Sri Lanka […]
- Lanksa Sathosa slashes prices of five essential items (Category: Breaking News)
- CB announces further jump in inflation (Category: Breaking News)
- Government says no need to import eggs and chicken (Category: Breaking News)
- Fish Stalls open till late night for New Year (Category: Breaking News)
[…]The post People Called On To Play Direct Role To Sustain Democracy appeared first on Colombo Telegraph.
- Moral Justification For Protests To Continue (Category: Breaking News)
- Preoccupation With Repression Will Be Counter-Productive (Category: Breaking News)
- Elections Are The Democratic Way To Maintain Political Stability (Category: Breaking News)
- The Missing Ingredients To Come Out Of The Economic Rut (Category: Breaking News)
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