COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central...

COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central...

COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central...

COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central...

COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central bank said.

COLOMBO: Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining US$800mil of a US$2.6bil loan from the global lender due to the high interest rate, the governor of the central...

(Srilankamirror) - Central Bank governor Ajith Nivard Cabraal said today (Jan. 30) that Sri Lanka will not draw the remaining $800 million of a $2.6 billion loan from the International Monetary Fund due to the high interest rate. The Lankan government is locked in a row with the global lender

After statements to the contrary by Governor over applicable interest rate and on which loan amount, monetary authority issues clarification For few days, the not so ‘whole truth’ was out in the market, but perhaps due to the Opposition’s fire and realising the blunder and implications, a better-late-than-never conspicuous correction termed “clarification” has finally...

BRUSSELS (Reuters): EU leaders will sign off on a permanent rescue fund for the euro zone at a summit on Monday and are expected to agree on a balanced budget rule in national legislation, with unresolved problems in Greece casting a shadow on the discussions. The summit – the 17th in two years as the ...

New research by the International Chamber of Commerce (ICC) and the International Monetary Fund (IMF) has revealed a largely pessimistic outlook for the demand for trade finance products in 2012. Based upon inputs received from 337 financial institutions responding to a joint ICC-IMF survey

Minister Basil Rajapaksa has emphasized that no country can subjugate Sri Lanka. The country has its own strength. Responding to allegations, the Minister asserted that Sri Lanka is not under China’s control in terms of loans.Minister Basil Rajapakse, at a meeting of Heads of media institutions at Temple Trees today responded to allegations made by ...

Jan 30, Colombo: The Central Bank of Sri Lanka has decided not to draw the remainder of the US$ 2.6 billion given by the International Monetary Fund (IMF) due to the higher interest rate the Bank has to pay if the last tranche was received.

The Central Bank of Sri Lanka clarified on the question of it availing of further loans from the International Monetary Fund. This is in response to media speculation that Sri Lanka had turned dow...

DAVOS, Switzerland — Protesters in Moscow and Cairo fill public squares to demand representative government. Yet on the streets of Madrid and New York — or of Athens, which gave us the very word for democracy — discontent is almost as rampant. The only consistent messages seem to be that leaders around the world are failing ...

Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining $800 million of a $2.6 billion loan...

COLOMBO, Jan 30 (Reuters) Sri Lanka, which is locked in a row with the International Monetary Fund over its exchange rate policy, will not draw the remaining $800 million of a $2.6 billion loan from the global lender due to the high interest rate, the governor of the central bank said on Monday.

COLOMBO : Sri Lanka , which is in a standoff with the International Monetary Fund over exchange rate policy, will not draw the remaining $800 million of the global lender's $2.6 loan due to the high interest rate, Central Bank Governor Ajith Nivard Cabraal said on Monday.

The United States Tamil Political Action Council (USTPAC) calls on the International Monetary Fund (IMF) currently visiting Sri Lanka for consultations not to reinstate its loan until original conditions are met.Washington, DC. (PRWEB) January 29, 2012 “The IMF should not reinstate the loan to Sri

The Economic Investigation Team of the International Monetary Fund (IMF) met Senior Minister of International Monetary Cooperation Dr. Sarath Amunugama yesterday at the Ministry of Finance and Planning. The discussion focused on loans granted by IMF and Sri Lanka’s economic development. Dr

With intensifying strains in the euro area weighing on the global outlook, the International Monetary Fund (IMF) has sharply cut its forecast for world growth this year, saying prospects have dimmed and risks to financial stability have increased. In an update to its World Economic Outlook (WEO

The International Monetary Fund is optimistic that Sri Lanka will secure the second place among countries which have the highest economic growth. Expressing views on the contents of the latest IMF Report, Minister Basil Rajapaksa said that the IMF had released a report yesterday reducing

Reuters: Sri Lanka and the International Monetary Fund (IMF) meet this week amid a standoff over the Central Bank’s defence of the rupee currency, which has cost $ 2.6 billion in foreign exchange reserves since July – the same amount the global lender has pledged to loan. Bucking

Five years after the credit crisis began, Western economies are confronting the prospect of a lost decade of growth, and international diplomats are warning the damage could get even worse if Europe allows its sovereign debt crisis to fester much longer. International Monetary Fund chief Christine

Ms. Sharmini Coorey, who has worked at the International Monetary Fund (IMF) since 1986, on Monday was named to a top post as the head of the new IMF Institute, the fund announced.It said the new department is focused on helping member states build capacity and develop their key economic

Reuters: German Finance Minister Wolfgang Schaeuble said on Sunday the crucial factor in negotiations over a debt-swap plan for Greece was that Athens should by 2020 have a sustainable level of borrowing. “This goal must be achieved,” he told German public broadcaster ARD. Chief negotiators for Greece’s private creditors left Athens on Saturday without a ...

BUDAPEST (Reuters): More than 100,000 people rallied on Saturday in a show of support for the embattled Hungarian government, as it prepares to compromise in a bitter row with the European Union to secure a vital loan. Labelled a “March of Peace” the demonstration was by far the largest rally since the government took power ...

MEXICO CITY (Reuters): Group of 20 nations agreed to push Europe to take extra steps to resolve the debt crisis on Friday as they inch toward a deal to boost the International Monetary Fund’s firepower. Mexico Deputy Finance Minister Gerardo Rodriguez said talks between G20 officials

Bloomberg:President Barack Obama is considering nominating Lawrence Summers, his former National Economic Council director, to lead the World Bank when Robert Zoellick’s term expires later this year, according to two people familiar with the matter. Summers has expressed interest in the job to White House officials and has backers inside the administration, including Treasury Secretary Timothy ...

Reuters: Greece and its private bondholders resume debt swap talks on Friday amid signs they are inching closer to a long-awaited deal needed to prevent a chaotic default by Athens. Cash-strapped Greece is fast running out of time as it pushes to wrap up an agreement by Monday paving the way for a fresh injection ...

 No country will be immune to any worsening of crisis: IMF’s Lipton Further action needed in euro zone: Osborne Mechanism to instil fiscal discipline crucial: HSBC HONG KONG (Reuters): Global leaders and businessmen urged Europe early this week to take fresh steps to resolve its deepening debt crisis, with a top executive of the IMF ...