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[…]The post Central Bank Independence: Issue To The Fore Again, But Will The Government Have Foresight To Do It? appeared first on Colombo Telegraph.
Sri Lanka's president is set to slash expenditure when he presents an interim budget on Tuesday to see the crisis-ridden country through the rest of the year, amid discussions with the International Monetary Fund on a bailout package.The post Sri Lanka’s president to cut spending in interim budget appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Industry experts say 70% of government construction projects are on hold now.
A team from the International Monetary Fund (IMF) will meet Sri Lanka's president on Wednesday for talks to finalise a bailout package, including restructuring debt of about $29 billion, amid the nation's worst financial crisis in more than seven decades.The post IMF team to holds talks with crisis
a grave financial crisis, of which the repercussions are […]
Sri Lanka will ask Japan to invite the Indian Ocean island's main creditor nations, including China and India, to talks on bilateral debt restructuring, as it seeks a way out of its worst economic crisis in decades, its president said on Thursday.The post Sri Lanka to ask Japan to open talks on debt restructuring with key lenders appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - ...
with private creditors, has been battling the worst financial crisis in […]
Global ratings agency S&P Global on Monday slashed its rating on Sri Lankan bonds to 'D', representing default, following missed interest and principal payments.The post S&P pushes Sri Lankan bonds deeper into junk territory with ‘default’ rating appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lanka.
Sri Lanka's ousted president, Gotabaya Rajapaksa, is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said.The post Sri Lanka’s ousted president expected to go to Thailand appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri Lan...
Former President Gotabaya Rajapaksa is expected to arrive in Thailand on Thursday, seeking temporary shelter in a second Southeast Asian country after fleeing his island nation last month amid mass protests, two sources said. Rajapaksa fled to Singapore on July 14, via the Maldives, following unprecedented unrest triggered by Sri Lanka’s worst economic crisis in […]
by Shamindra Ferdinando Former Chairman of the Committee on Public Enterprises (COPE) Prof. Charitha Herath yesterday (07) said that though the prorogation of the Parliament led to the dissolution of the watchdog committee it shouldn’t hinder a planned inquiry to identify those responsible for the current economic chaos. Prof. Herath said that the COPE was […]
Sri Lanka will restart bailout talks with the International Monetary Fund (IMF) in August, its new president said on Wednesday, while calling on lawmakers to form an all-party government to resolve a crippling economic crisis.The post Sri Lanka to restart IMF bailout talks, president calls for unity Government appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News in Sri L...
[…]The post Poor Governance: Lack Of Policies To Overcome The Crises appeared first on Colombo Telegraph.
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