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[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
- Government Is A ‘Blackhole’: IMF Should Be Worried About The (225+1) (Category: Breaking News)
- Crisis Deepens Without Rescue Plan (Category: Breaking News)
- Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do... (Category: Breaking News)
- Child’s Guide To Debt Restructuring: Not A Cakewalk But A Task Entailing Hard Work (Category: Breaking News)
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 […]
- Pakistan’s debt and liabilities soar to Rs77.1 trillion in FY23 (Category: Breaking News)
- As economic situation looks gloomy in Pakistan, IMF advises strict measures (Category: Breaking News)
- Federal budget for FY 2023-24 a huge downer for housewives in Pakistan (Category: Breaking News)
- Pakistan’s debt, liabilities soar to Rs 56.21 trillion in FY23 (Category: Breaking News)
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 […]
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
- Support efforts to end Ukraine conflict, says India after Brics joint statement (Category: Breaking News)
- Support efforts to end Ukraine conflict, says India after Brics joint statemen (Category: Breaking News)
- China refuses to condemn Russia’s Ukraine invasion during G20 deadlock (Category: Breaking News)
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- How We Came To This Pass – Waiting On IMF (Category: Breaking News)
- Two Challenges: Economic Recovery, Political Devolution – II (Category: Breaking News)
- Two Challenges: Economic Recovery, Political Devolution – III (Category: Breaking News)
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.
- World Bank s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- IFC to provide $400 million to banks in Sri Lanka (Category: Breaking News)
- Sri Lanka’s workers’ remittances exceed USD 400 Million in January 2024 (Category: Breaking News)
- IPO To Raise Rs. 400 mn (Category: Breaking 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 […]
- World Bank’s IFC to provide Sri Lanka with $400 million financing (Category: Breaking News)
- Using the Indian Rupee for economic transactions will have positive impact on the tourism and ho... (Category: Breaking News)
- Fitch downgrades Sri Lanka’s long-term local-currency IDR to ‘CC’ (Category: Breaking News)
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 […]
- Special category to increase fuel quota to be tested (Category: Breaking News)
- New registrations for fuel pass temporarily suspended (Category: Breaking News)
- Last digit number system for fuel to be scrapped (Category: Breaking News)
- Sri Lanka to discontinue QR code based National Fuel Pass from today (September 01) (Category: Breaking News)
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.
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
- Central Bank’s ability to print money limited under new Act (Category: Breaking News)
- Sri Lanka’s forex reserves further hit by Bangladeshi move (Category: Breaking News)
- Bangladeshi banks asked to stop ACU transactions with Sri Lanka (Category: Breaking News)
[…]The post Crisis-Hit Sri Lanka Economy appeared first on Colombo Telegraph.
- Evil Is Not Mere Money Printing, But Unbridled Government Expenditure (Category: Breaking News)
- The Role Of National Defence In A Crisis-Ridden Economy (Category: Breaking News)
- Bankrupt Sri Lanka Celebrated Independence, But Now It Is Back To Hard Economic Realities (Category: Breaking News)
- Citizens Should Be Aware Of The Burden Of Total Government Expenditure (Category: Breaking News)
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 Sri Lanka’s Asian Heritage appeared first on Colombo Telegraph.
- The Influence Of Sirima Bandaranaike & Ranil Wickremesinghe On The Foreign Policy Of Sri Lanka (Category: Breaking News)
- Prioritising National Interest In Navigating Geopolitical Waters (Category: Breaking News)
- The East Asian Disanalogy, Or Why Sri Lanka Cannot Be A Singapore (Category: Breaking News)
- The East Asian Disanalogy, Or Why Sri Lanka Cannot Be A Singapore (Category: Breaking News)
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 […]
- Reserve Status (Category: Business)
- Reserve Stock (Category: Business)
- Reserve Stock (Category: Business)
- Buffer Burden (Category: Business)
By Saman Indrajith SBJB MP Harsha de Silva said that he had asked the Gotabaya Rajapaksa administration to seek IMF assistance in 2020. “At that time a U.S dollar was selling at Rs 200. The interest rates were around six percent. Inflation was around six percent. The situation is completely different today. Our interest rates […]
- Harsha accuses govt. of being secretive about debt negotiations with international commercial cr... (Category: Breaking News)
- Domestic debt restructuring: Harsha insists money belonging to EPF members must be safeguarded (Category: Breaking News)
- Sri Lanka on China-IMF agenda (Category: Breaking News)
- Harsha predicts 18 % VAT will have devastating effect on farming (Category: Breaking News)
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 […]
- Pakistan: Imran Khan’s high-stakes election gamble (Category: Breaking News)
- Does The Proposed Contempt Of Court Bill Amount To 23rd Amendment To The Constitution? (Category: Breaking News)
- China’s space success linked with its larger political, diplomatic goals: Report (Category: Breaking News)
- Indian embassy in Kuwait organises beach cleaning drive, 500 volunteers take part (Category: Breaking News)
Andy Murray continued his eventful start to the season with a notable win over Germany’s Alexander Zverev to put him into the Qatar Open quarter-finals. Britain’s Murray, 35, dug deep into his physical and mental reserves yet again to win 7-6 (7-5) 2-6 7-5 after an absorbing three-hour match in Doha. “I managed to stay […]
- Emma Raducanu loses in Cincinnati (Category: Breaking News)
- Andy Murray beats James Duckworth at Wimbledon (Category: Breaking News)
- Novak Djokovic & Rafael Nadal into last 16 at Roland Garros (Category: Breaking News)
- Brazil wear all-black kit in anti-racism message (Category: Breaking News)
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)
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)
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)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (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)
- 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)
- A French Spring Amid IMF Mission Creep: Ranil Tangoes In Paris As Macron Pivots To BRICS (Category: Breaking News)
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