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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 […]
Sri Lanka is among the top 5 nationalities granted dependant visas to the UK. The number of visa grants for people to come and live in the UK has more than doubled from over half a million in 2019 to 1.3 million in 2022, Migrant Watch UK reported. “One telling aspect of the figures is […]
Finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countries had “desta...
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...
International Monetary Fund Managing Director Kristalina Georgieva has called for a timely resolution of Sri Lanka’s debt restructuring. She said that timely and orderly processes are needed both for countries under the Common Framework (CF) for debt resolution and for those not covered by it, including Sri Lanka and Suriname. Georgieva made the statement the […]
BBC reported that finance ministers of the world’s largest economies have failed to agree on a closing statement following a summit in India, after China refused to condemn Russia’s invasion of Ukraine. Beijing declined to accept parts of a G20 statement that deplored Russia’s aggression “in the strongest terms”. Moscow said “anti-Russian” Western countrie...
[…]The post Sri Lanka’s Asian Heritage appeared first on Colombo Telegraph.
There are some disagreements over restructuring debt for distressed economies, the chief of the International Monetary Fund said on Saturday on the sidelines of a G20 meeting, adding that banning private cryptocurrencies should be an option.The post IMF flags debt restructuring hurdles, says banning crypto should be an option appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - O...
Sri Lanka once again abstained from voting on a resolution against Russia at the UN General Assembly, despite appeals made last week to back the new document. The UN General Assembly called for ending the war in Ukraine and demanded Russia’s immediate withdrawal from the country, in line with the UN Charter. At its resumed […]
Aljazeera reports that there is a severe shortage of greenbacks in Bangladesh due to its dwindling foreign reserves and a sharp drop in the value of its taka currency against the dollar. In the past six months, Bangladesh’s foreign reserves have dropped below $32bn from $39bn while the value of the taka has fallen by […]
By Noah Berman A wave of darkness engulfed Pakistan on January 24 as its aging power grid strained to meet the country’s demand for electricity. The massive outage was the latest in a series of blackouts that have become a chronic symptom of Pakistan’s ailing and climate-vulnerable economy, under duress from devastating natural disasters, a colossal […]
Sri Lanka needs to get back to growing its economy. It needs a new push towards development, one that harnesses good ideas and creates wealth for all its citizens. The name of the game is wealth creation – for all. Then governments will have something to tax! But somehow, little Sri Lanka hasn’t quite grasped […]
By Shamindra Ferdinando The Supreme Court (SC) on Feb. 10 dismissed a contempt of court application filed by the Human Rights Commission of Sri Lanka (HRCSL), delivering a shock therapy to the latter. The HRCSL filed the contempt case against the Chairman of the Ceylon Electricity Board (CEB) N.S. Illangakoon, the Secretary to the Ministry […]
Imran Khan lauds India’s foreign policy and the stand taken for the benefit of the people. “There are two kinds of people in life: those who like India and those who do not.” Former Pakistan Prime Minister Imran Khan obviously falls into the first category of people. Khan has often expressed his admiration for India’s […]
By Easwaran Rutnam Germany has sought Sri Lanka’s support for a resolution at the United Nations against Russia, a visiting German MP said. Speaking to a group of journalists after wrapping up a visit to Sri Lanka, German MP Dr. Peter Ramsauer said that he raised the issue with President Ranil Wickremesinghe. The European Union […]
India is drafting a proposal for G20 countries to help debtor nations badly hit by the economic fallout from the pandemic and Ukraine war, by asking lenders including China, the world's largest sovereign creditor, to take a large haircut on loans.The post Exclusive: G20 host India to propose China, other creditors take haircuts on loans – sources appeared first on Sri Lanka News - Latest Bre...
[…]The post Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil appeared first on Colombo Telegraph.
by Levan Dzhagaryan Ambassador of Russia to Sri Lanka On February 10, Russia celebrates Diplomats’ Day, the professional holiday of the Foreign Ministry’s current and retired staff members. It was established by the Presidential Decree in 2002. The date is closely associated with the history of Russia’s first foreign affairs agency – the Ambassadorial Department, […]
US President Joe Biden has warned that the US will move to protect itself if China threatens its sovereignty as he used a joint address to Congress to deliver a defiant message to Beijing and defend his economic record in the White House. “I am committed to work with China where it can advance American […]
By Shamindra Ferdinando Eric Walsh presented his credentials to President Ranil Wickremesinghe, on Feb. 02, at the President’s House in Kandy. Wickremesinghe was flanked by Foreign Minister Ali Sabry, PC, and Presidential Secretary Saman Ekanayake. Canada, with the concurrence of Sri Lanka, appointed Walsh as High Commissioner of Canada to Colombo. Walsh, who had served […]
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...
The global economy will weaken this year as rising interest rates and Russia s war in Ukraine continue to weigh on activity. But economists are more optimistic than they were just a few months ago.
[…]The post Is The World, Hopelessly Divided Over Ukraine, Coming Together For Sri Lanka? appeared first on Colombo Telegraph.
USD 3 mn Japanese grant attached to ongoing project By Shamindra Ferdinando An agreement on the much advertised cash assistance, provided exclusively to paddy farmers by the Wickremesinghe-Rajapaksa government, was finalised several weeks before then President Gotabaya Rajapaksa stepped down on July 14, 2022 amidst violent protests. The Asian Development Bank (ADB) has provided the […]
India is set to export a record 50 million eggs this month, boosted by sales to Malaysia, where there have been acute shortages as soaring feed prices caused by the Ukraine war forced many small-scale farmers to cut output, industry officials said.
A court in northern France has sentenced 14 Sri Lankan nationals to prison for operating a people-smuggling ring across Europe – part of a continent-wide attempt to crack down on the lucrative criminal networks. The main suspect, accused of overseeing the operation from a grocery store in the village of Serifontaine, 80km north of Paris, […]
[…]The post Accountability Issues & Human Rights Cannot Be Glossed Over appeared first on Colombo Telegraph.
by Jehan Perera The government’s proposal to set up a truth and reconciliation mechanism to deal with the unresolved human rights issues of the war will get a boost in the aftermath of last week’s unexpected developments that will directly affect three former presidents of Sri Lanka hitherto thought to be untouchable by virtue of […]
A severe fragmentation of the global economy after decades of increasing economic integration could reduce global economic output by up to 7%, but the losses could reach 8-12% in some countries, if technology is also decoupled, the International Monetary Fund (IMF) said in a new staff report.The post IMF says fragmentation could cost global economy up to 7% of GDP appeared first on Sri Lanka News ...
Sri Lanka: Crisis of Rights, Accountability (Jakarta, January 12, 2023) – The change of presidents of Sri Lanka in 2022 did not lead to any improvement in the country’s human rights record, Human Rights Watch said on Wednesday in its World Report 2023. During 2022, thousands of Sri Lankans took to the streets after years […]