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The International Monetary Fund (IMF) has noted progress in Sri Lanka’s economic reforms program. An IMF mission team led by Messrs. Peter Breuer and Masahiro Nozaki visited Colombo from June 20 to 30, 2022 to discuss IMF support for Sri Lanka and the authorities’ comprehensive economic reform program. Ms. Anne-Marie Gulde-Wolf, Deputy Director of the […]
The U.S. Ambassador to Sri Lanka Julie Chung has assured President Gotabaya Rajapaksa that the United States will assist Sri Lanka in finding a solution to the economic crisis.
Sri Lanka has yet to solve its dollar shortage crisis.
IMF has estimated a sharp contraction in the economic growth this year.
President Rajapaksa government has accused Qatar Charity of funding terrorism activities and frozen its accounts.
"The present gazetted Bill represents a significant weakening of the previous limited proposals by the Minister."
"The same working arrangements will also apply to the Regional Consular offices."
The prime minister’s office said Thursday June 30 afternoon that the remaining 20 million dollars was from Litro.
No staff level agreement yet, creditor assurances needed
Sri Lanka’s ongoing economic crisis is “utterly complicated. Coming months will be very tough,” he said.
Worst crisis in modern times
[…]The post Mission Impossible appeared first on Colombo Telegraph.
IMF is expected to issue a statement on its discussions with Sri Lankan officials on Thursday.
Sri Lankans are frustrated of waiting in queues for days to buy fuel, cooking gas, kerosene
By Anjana Pasricha NEW DELHI — In Colombo, Sri Lanka’s capital, a sprawling port city showcased as a financial hub to rival Dubai is being set up on 269 hectares of land dredged from the sea. It is the latest of the huge Chinese-funded infrastructure projects in the island country that include a port and […]
Dhammika Perera has been backing successive government and held posts in some while running his businesses
Sri Lanka's past diplomatic misconducts under Rajapaksa have made it difficult for Sri Lanka - official
"China will try all-out efforts to sustain the Sri Lanka's School Meal Programme for at least six months."
The United Kingdom (UK) says it recognises the economic challenges that Sri Lanka is facing. UK Foreign Office Minister Vicky Ford said the UK is closely monitoring the economic situation in Sri Lanka, including foreign exchange data reported by Central Bank of Sri Lanka and Sri Lankan authorities. In a written response to the UK […]
Money for medicines allocated
Sri Lanka has been trying to improve its diplomatic relations with the US after rejecting MCC.
The main stock index has fallen 4.4$% in the last two sessions.
Sri Lanka has sought a credit line from Qatar for fuel and gas. Energy Minister Kanchana Wijesekera met with the Deputy Director General of the Qatar Fund for Development today. He said he discussed a possible credit line facility for petroleum and gas. “Was informed that funds has been allocated for medical supplies and will […]
most in need during the current economic crisis. The funding aims to […]
[…]The post Schizophrenia In The Political Mind Of Sri Lanka appeared first on Colombo Telegraph.
The cabinet has given the approval to re-initiate the operation effecting from July 01,2022
Agriculture contracted 6.8 percent, industry shrank 4.7 percent but service grew 0.7 percent
After June 28, 2022, aircraft will have to carry their return fuel according to the CA notice to airmen (NOTAM)
Cabinet of ministers had given the approval to hike railway fares to meet the rising costs
The Government has decided to open the fuel import and retail sales market to companies from oil producing nations. Cabinet approval has been granted for the move, Energy Minister Kanchana Wijesekera said today. He said the companies will be selected on the ability to import fuel and operate without Forex requirements from the Central Bank […]