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[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
Pakistan’s government has agreed to increase the policy interest rate which stands at 17 per cent by two per cent or 200 basis points to meet another condition set by the International Monetary Fund (IMF), The Express Tribune reported. With the new decision, Pakistan has accepted another pre-condition of the IMF for the release of […]
Hatch has joined forces with Draper Startup House to unveil Colombo’s first-ever co-living space. The space marks the first phase of Hatch’s strategic partnership with Draper Startup House, and was officially opened by Silicon Valley billionaire investor Tim Draper during his recent visit to Sri Lanka. Through this initiative, Hatch serves to encourage digital nomad […]
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution 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 […]
[…]The post Selling Our Troubles In Bankrupt Times – Sri Lanka’s Anarchism appeared first on Colombo Telegraph.
[…]The post Crisis-Hit Sri Lanka Economy appeared first on Colombo Telegraph.
[…]The post Annamalai & His ‘Year-Long March’ – What For? appeared first on Colombo Telegraph.
[…]The post The Partnership Between NPP & JVP Must Be Emboldened appeared first on Colombo Telegraph.
China Daily: Sri Lanka is set to receive its first group of post-pandemic Chinese tourists after becoming one of the first 20 countries to resume the organization of outbound group tourists from China since COVID-19. Their flight will depart from the Shanghai Pudong International Airport on March 3. “We are expecting Chinese tourists to come […]
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 […]
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 […]
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 […]
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.
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...
[…]The post Anatomy Of A Change; From Wijeweera’s JVP To AKD’s NPP appeared first on Colombo Telegraph.
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.
[…]The post A führer In The Making appeared first on Colombo Telegraph.
[…]The post Child’s Guide To Bitcoinisation Of Sri Lanka Economy appeared first on Colombo Telegraph.
The Sri Lanka Medical Association (SLMA) and the Expert Committee on Tobacco, Alcohol and Illicit Drugs have warned against the government move to legalise cannabis. It has, in a letter addressed to the Secretary to the President, Saman Ekanayake, asked the government “to be extremely cautious when considering any form of legalising of cannabis – […]
[…]The post Alternatives To The IMF & The Future Of The Welfare State: Beyond The Blame Game Between Superpowers appeared first on Colombo Telegraph.
Thakur dropped another batch of potato patties, known as batata vada, into the cooking oil that had been sizzling in a massive iron pan since early morning. He’d already shaped the patties, made with mashed potato mixed with masala spices, green chilli and, occasionally, finely chopped raw onion, into near perfect spheres, and dipped them […]
By I A Ramesh As Sri Lanka negotiates with bilateral creditors on debt restructuring to avail of the IMF package, the promise and perils of a geopolitically significant developing nation navigating the growing strategic rivalry in the Indo-Pacific region has become apparent. Earlier in August 2022, the docking of the Chinese satellite tracking vessel Yuan […]
Islamabad [Pakistan], February 6 (ANI): Former Pakistan Finance Minister Miftah Ismail has said that things on the economic front will “remain tight” as the economy faces a severe liquidity crunch, Geo News reported. Pakistan is seeking an installment of USD 1.1 billion from the International Monetary Fund to avoid default. In a tweet, Ismail stated, […]
[…]The post A Painted Ship In A Painted Ocean appeared first on Colombo Telegraph.
Kashmir Day, also known as “Solidarity Day,” is observed on February 5th each year in Pakistan to show support for the people of Indian-administered Kashmir. While it is true that the Kashmir dispute is a longstanding issue that has caused suffering and instability in the region, Pakistan’s narrative on the issue has often been misleading […]
Sri Lanka and India will sign a pact to link their power grids and start negotiations on an upgraded trade agreement within two months, a Sri Lankan diplomat said on Wednesday, as the island nation seeks a way out of its worst economic crisis in decades.The post Sri Lanka, India to sign power grid linking pact within two months – envoy appeared first on Sri Lanka News - Latest Breaking News ...
[…]The post Qualified Candidates Essential For System Change appeared first on Colombo Telegraph.
[…]The post PAYE Tax; Will There Be A Mass Exodus? appeared first on Colombo Telegraph.