@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
386 results found in 1172 ms
Page 1 of 13
Sept 30, Colombo: The Governor of Sri Lanka's Central Bank Ajith Nivard Cabraal says the country is not engaged in any discussion with the International Monetary Fund (IMF) for an additional loan facility.
The International Monetary Fund delegation headed by Dr. John Nelmes met Economic Development Minister Basil Rajapaksa, Senior Adviser to the President and Minister on Wednesday. Koshy Mathai, International Monetary fund (IMF) Resident Representative for Sri Lanka, Volodymyr Tulin and Jiri Jonas
A number of articles which appeared in print media in the recent past signify the volatility in the economy. High volatility leads to vulnerability. Volatility and vulnerability are reflections of the haphazard nature of the economic policies and poor economic governance in a country. What is volatility? Volatility is the severity and the frequency with ...
Cabraal says that price pressures will remain, keeps policy rates and growth figures steady The Central Bank kept policy rates unchanged yesterday, on expectations that inflation would remain contained to single digit levels on policy changes to reduce demand. The concerted efforts by the Central Bank and the Government earlier this year to curb the ...
The International Monetary Fund (IMF) completed the final review of Sri Lanka's economic performance on Friday, under the Stand-By Arrangement and approved a final disbursement of US$415 million, saying "Sri Lanka's economy has been set on a more sustainable footing by its government's tough
Reuters: The Central Bank is expected to keep interest rates steady for a fifth straight month on Tuesday despite high inflation to help bolster economic growth, which has been cooling due to sweeping policy measures and an extended drought. Twelve out of 13 analysts polled by Reuters expect the repurchase and reverse repurchase rates to ...
By Saman Gunadasa World Socialist Web Site: A scandal over the manipulation of shares on the Colombo Stock Exchange has erupted in recent weeks, after former Sri Lankan Securities Exchange Commission (SEC) Chairman Thilak Karunaratne accused Government ministers of acting in league with speculators. Karunaratne was pressured by President Mahinda Rajapaksa to quit his position, ...
Sri Lanka’s stock market, once a darling of investors, has seen its value plummet 26% in the past year and now faces a crisis of confidence after its regulator quit in a storm of controversy. The tiny bourse became the world’s top gainer soon after the country ended decades of ethnic war, but three years later ...
THE cost of living is a daily state of being, rather than a condensed number for the masses. However, the latest August data depicts dangerous signs for the Government as it heads towards elections. On Tuesday President Mahinda Rajapaksa was seen visiting the drought-hit regions ahead of his campaign trail in the three provinces that ...
24th August 2012 Dr. P. B. Jayasundera, Secretary to the Treasury, Ministry of Finance & Planning The Secretariat, Colombo 1. Dear Dr. Jayasundera, Establishment of a Financial Services Authority and a Banking and Finance Commission I suggest for your consideration that you duly evaluate the long-term national economic benefits of enhancing effective fiscal management capability ...
Good governance activist and former Chairman of the Ceylon Chamber of Commerce Chandra Jayaratne has submitted several key proposals for consideration in the 2013 Budget by President and Finance Minister Mahinda Rajapaksa. Here is the text of his letter containing the proposals sent to President Rajapaksa: 20th August 2012 H. E. Mahinda Rajapaksa, The President ...
Reuters: The International Monetary Fund on Monday raised concerns over the resignation of the Head of the Securities and Exchange Commission ilak Karunaratne, observing that the regulator had been taking the right steps to ensure market participants obeyed the rules. “It is sad
By Cassandra Mascarenhas The technical sessions of the Association of Professional Bankers’ 24th anniversary convention were held yesterday, bringing the APB’s flagship event to a close. Aptly themed ‘Sustainability in volatility: The bankers’ challenge,’ each technical session explored an area that could throw obstacles in the path of bankers and the line-up of speak...
Monetary Fund, presented a plan for more spending this year, a ...
Sri Lanka's government, already struggling to keep its budget deficit to a size agreed on with the International Monetary Fund, presented a plan for m...
Sri Lanka should take advantage of its proximity to the economies of India and China to grow at a faster rate, an International Monetary Fund (IMF) official said.
Sri Lanka should take advantage of its proximity to the economies of India and China to grow at a faster rate, an International Monetary Fund (IMF) official said. .
The Central Bank is expected to keep interest rates steady for a fourth straight month on Tuesday as a spike in inflation to a 42-month high complicates its efforts to bolster cooling growth. All 11 analysts polled by Reuters expected repurchase and reverse repurchase rates to be left unchanged at 7.75% and 9.75% respectively. Both ...
Reuters: The International Monetary Fund on Thursday called for a “policy game changer” in the euro zone to arrest the spread of the debt crisis it now says is clearly engulfing the entire currency bloc and its smaller neighbors. An IMF spillover report that looks at how the economic
(Reuters) - The International Monetary Fund has urged Sri Lanka to focus more on sales to India and China to boost its faltering exports and support economic growth. Sri Lanka's exports accounted for 17.8 percent of gross domestic product last year, slumping from 33 percent in 2001
The International Monetary Fund (IMF) has urged Sri Lanka to focus more on trade with India and China to boost its faltering exports and support economic growth, according to Times of India. Sri Lan .....
Aug 01, Colombo: The International Monetary Fund has urged Sri Lanka to woo Asian markets to boost its declining export earnings to support the economic growth.
The International Monetary Fund has urged Sri Lanka to focus more on sales to India and China to boost its faltering exports and support economic growth.
Weak rupee, price hikes, drought driving inflation-analysts CB expects easing in inflation on Govt. price cuts Reuters: Sri Lanka’s annual inflation rate may have accelerated to a 42-month high in July as a drought pushed up local food prices and a weaker rupee aggravated import bills. Annual inflation is expected to have accelerated to 9.4%in ...
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 2.5 billion Standby Arrangement (SBA) facility extended by International Monetary Fund (IMF), the country now has sufficient funds, but would like to have an elite anchor in the alternative
By Uditha Jayasinghe Following the end of the US$ 2.5 billion Stand-By Agreement, the International Monetary Fund (IMF) remains upbeat about the Sri Lankan economy and further collaboration will be finalised later this year, an official said yesterday. The IMF transferred the final tranche
COLOMBO (Reuters): Sri Lanka’s rupee gained 0.6 percent against the dollar on Monday to its highest level since mid June on inflows into government bonds and IMF approval to disburse a $415 million loan tranche, dealers said. The rupee closed at 130.90/131.10 against the dollar, its strongest since June 11, and firmer than Friday’s close ...
Sri Lanka will begin talks for fresh loans with the multilateral donor body- International Monetary Fund (IMFF) for an 'Extended Fund Facility', countryandrsquo;s banking watchdog- Central Bank of Sri Lanka, said following the receipt of the ninth and final tranche of US$ 2.5 billion Stand
[Click to magnify/shrink] The International Monetary Fund (IMF) completed the final review of Sri Lanka's economic performance on Friday, under the Stand-By Arrangement and approved a final disbursement of US$415 million, saying "Sri Lanka's economy has been set on a more sustainable footing
The Executive Board of the International Monetary Fund (IMF) on Friday completed the eighth and final review of Sri Lanka’s economic performance under the Stand-By Arrangement (SBA) and approved an immediate disbursement of about US$ 415 million.