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[…]The post Army Bigwigs Have Made Shameful Attempts To Bury The Truth appeared first on Colombo Telegraph.
[…]The post Why Should We Beg IMF? – When More Than $36 Billion To Be Recovered appeared first on Colombo Telegraph.
The World Bank today assured continued support to help the country navigate economic challenges, implement critical reforms, and chart a path towards a resilient and inclusive recovery. World Bank Vice President for South Asia, Martin Raiser, today concluded a four-day visit to Sri Lanka during which he met with Sri Lanka’s President and Minister of […]
The Court of Appeal today (February 28) issued a writ order quashing the charges against former Finance Minister Ravi Karunanayake in connection with two cases filed in Colombo High Court over Central Bank bond issuance.The post Court of Appeal quashes charges against Ravi Karunanayake in two Central Bank bond cases appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA New...
The World Bank will continue to support Sri Lanka’s development reforms program, the representatives of the global financial institutions assured today (February 28).The post World Bank pledges continued support for Sri Lanka’s development reform programme appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
Vice President for the South Asian region of the World Bank, Martin Raiser, has assured the World Bank s continued support towards Sri Lanka s development reform programme.This was confirmed by the President s Media Division (PMD) a short while ago (28 Feb.).
At least half a million people in Sri Lanka lost their jobs in 2022, majority of them being employed women and those in the industry and services sectors, the World Bank says.
[…]The post Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution appeared first on Colombo Telegraph.
The European Investment Bank (EIB) says it is monitoring the offer made to Sri Lanka by the International Monetary Fund (IMF). Sri Lanka Ambassador to Belgium, Luxembourg, and Head of Mission to the European Union Grace Asirwatham met with Vice President of the European Investment Bank Kris Peeters in Luxembourg. Senior Loan Officer, Public Sector […]
[…]The post Critical Steps Every Business Should Take to Protect Their Data 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 […]
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 […]
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 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.
More than 100 participants from Sri Lanka and the Maldives joined in a workshop on how to access the international instruments of climate finance. During the online workshop experts shared key insights and opportunities for accessing international climate funds. The interactive workshop also provided an opportunity to discuss the latest developments on this critical issue […]
by Prof. R.P. Gunawardane A very interesting article, ‘Ceylon’s first university in memory and imagination’, by Ernest Macintyre in The Sunday Island of 12 February 2023 describing the life at University of Ceylon, Peradeniya Campus in fifties prompted me to write about the life at Peradeniya Campus in the next decade, the nineteen sixties. Macintyre […]
[…]The post Crisis-Hit Sri Lanka Economy appeared first on Colombo Telegraph.
India, G20 president, will showcase its success in the digital economy and may offer conditional help to other countries to further advance their own digital economy and payments infrastructure, Business Standard has learnt. The host may also hold advanced discussions with G20 partners and multilateral institutions on reducing the sovereign indebtedness of poorer nations in […]
[…]The post Aragalaya’s Unfinished Business appeared first on Colombo Telegraph.
The G20 Finance Ministers and Central Bank Governors who met in Bengaluru, India from February 24-25, 2023 said that they look forward to a swift resolution to Sri Lanka’s debt situation. India’s Minister of Finance Nirmala Sitharaman, reading the Chair Summary and Outcome Document of the G20 Finance Ministers and Central Bank Governors (FMCBG) meeting, […]
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...
The World Bank has called for quick restructuring of Sri Lanka’s debt. World Bank President David Malpass said that Sri Lanka and other middle-income countries were in need of quick debt restructuring. “We should work together to achieve solutions – Zambia MoU, Ghana official creditors’ committee, Ethiopia rescheduling, and Sri Lanka financial assurances. All of […]
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 […]
Discussions were held in the National Council Sub-Committee to identify short- and medium-term programs related to stabilization regarding rural credit and social security programmes when the National Council subcommittee met in Parliament under the chairmanship of Member of Parliament Patali Champika Ranawaka on Thursday (23). Representatives including the Central Bank of Sri Lanka, the Ministry ...
[…]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...
U.S. Treasury Secretary Janet Yellen stresses that committing to specific and credible financing assurances for Sri Lanka is "most urgent".The post Specific, credible financing assurances for Sri Lanka “most urgent” – U.S. Treasury Secretary appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
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 […]