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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 ...
LONDON (Reuters): Britain’s economy shrank far more than expected in the second quarter, battered by everything from an extra public holiday to government spending cuts and the neighbouring euro zone crisis. Finance minister George Osborne said figures released on Wednesday showed Britain had “deep-rooted economic problems,” adding that the slump in the second quarter was ...
Reuters: China’s economy is set for a soft landing even as global headwinds increase, the International Monetary Fund said in a report on Wednesday that urged further reform and currency appreciation to rebalance growth and reduce risks. The report said economic reforms
Reuters: Brent slipped to $102 a barrel on Wednesday as worries about oil demand from the troubled euro zone offset any gains to prices sparked by concerns about oil supply from the Middle East. The euro zone’s private sector shrank for a sixth month in July as manufacturing output nosedived, notably in the core countries ...
Reuters: Asian shares inched higher on Tuesday, helped by improving Chinese manufacturing data, but the euro remained under pressure as surging Spanish borrowing costs stoked fears that the euro zone’s fourth-largest economy will be forced to seek a bailout. The HSBC flash China manufacturing purchasing managers index rose to a five-month high in July, driven ...
Sri Lankaandrsquo;s Banking Watchdog andmdash; Central Bank said with the successful completion of the US$ 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.
Emerging mkts to make up 30 pct of revenues by 2016 Africa seen as an increasingly important market LAGOS (Reuters): Accountancy firm PricewaterhouseCoopers (PwC) expects a third of its global revenues to come from developing markets by 2016, up from 19 percent now, as its clients look for attractive returns away from crisis-hit mature economies. ...
Reuters: Rich individuals and their families have as much as $32 trillion of hidden financial assets in offshore tax havens, representing up to $280 billion in lost income tax revenues, according to research published on Sunday. The study estimating the extent of global private financial wealth held in offshore accounts – excluding non-financial assets such ...
July 22, Colombo: Sri Lanka has successfully achieved all the key objectives under the Stand-by Arrangement (SBA) facility from the International Monetary Fund (IMF), the country's Central Bank said in a statement.
In a resounding endorsement of Sri Lanka’s burgeoning economy, the International Monetary Fund yesterday decided to disburse US$ 415 million to the country as the final tranche of a US$ 2.6 billion facility.
The International Monetary Fund has decided to grant the 8th loan instalment to Sri Lanka, considering the outstanding long term growth. The IMF members who met in Washington decided to grant the final instalment to Sri Lanka amounting to 415 million U.S dollars. The IMF
The International Monetary Fund has decided to grant the 8th loan installment to Sri Lanka. The IMF members who met in Washington decided to grant the final installment to Sri Lanka amounting to 415 million dollars. The IMF said that they took into consideration the long term growth indicated
Monetary Fund (IMF) today completed the eighth and final ...
Washington, DC: The Executive Board of the International Monetary Fund (IMF) Friday completed the ei..
The International Monetary Fund on Friday approved a final disbursement of $415 million to Sri Lanka and said its economy has been set on a more sustainable footing by its government's tough new monetary and fiscal policies.
The International Monetary Fund (IMF) on Friday cleared Sri Lanka’s final tranche under the Stand-By Arrangement (SBA), approving a disbursement of US$415 million, and making it a final sum total of $2.5 billion.The Fund however noted that there is a slowdown in economic activity and declining
The International Monetary Funds board of directors agreed to disburse about $415 million to Sri Lanka, the final tranche of a $2.6 billion loan.
July 21, Washington, DC: The Executive Board of the International Monetary Fund (IMF) Friday completed the eighth and final review of Sri Lanka's economic performance under the Stand-By Arrangement (SBA) and approved an immediate disbursement of about US$ 415 million.