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The International Monetary Fund (IMF) has approved loans of $4.7 billion to Bangladesh for disbursal starting immediately, making it the first to secure such funds out of three South Asian countries that applied last year amid economic trouble.The post Bangladesh secures $4.7 billion from IMF as other South Asian countries see delays appeared first on Sri Lanka News - Latest Breaking News in Sri L...
- Bangladesh secures loans of $4.7 billion from IMF (Category: Breaking News)
- IMF insists on creditor assurances to unlock $2.9 Billion Sri Lanka bailout (Category: Breaking News)
- Bangladesh seeks $4.5 billion IMF loan as deficit widens (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
Pakistan is seeking $1.1bn from the fund, part of its $6bn bailout package, to avoid default.The Pakistani rupee has dived to a historic low against the United States dollar after an exchange cap was lifted as the cash-strapped country seeks to unlock a vital bailout from the IMF. The Washington-based lender has yet to approve […]
- Special discussion on IMF bailout programme today (Category: Breaking News)
- IMF approves long-awaited $3 billion bailout for Pakistan (Category: Breaking News)
- Creditor cooperation a must for Sri Lanka s IMF programme  govt (Category: Breaking News)
- Sri Lanka s IMF bailout likely to be further delayed (Category: Breaking News)
India’s External Affairs Minister S. Jaishankar on Thursday met Sri Lanka's top leadership and conveyed India's commitment to increase investment flows to hasten the debt-ridden island nation's economic recovery.The post Jaishankar conveys India’s commitment to increase investment flows to Sri Lanka to hasten economic recovery appeared first on Sri Lanka News - Latest Breaking News in Sri La...
- India remains committed to assist Sri Lanka in its economic recovery – Jaishankar tells Sabry (Category: Breaking News)
- “A friend in need is a friend indeed”: Sri Lanka’s praise for India (Category: Breaking News)
- Sri Lanka’s creditors must take proactive steps to facilitate its recovery: Jaishankar (Category: Breaking News)
- India’s prudence towards Sri Lanka further consolidates the “neighbourhood first” policy of Prim... (Category: Breaking News)
[…]The post The Need Of An Online Voting System To Sri Lanka appeared first on Colombo Telegraph.
- A Bankrupt Country Craves For Urgent ‘System Changes’ (Category: Breaking News)
- Akin To Fiddling When Rome Is Burning (Category: Breaking News)
- The Franchise – Intentions, Operation & Results (Category: Breaking News)
- The Franchise – Intentions, Operation & Results (Category: Breaking News)
President Ranil Wickremesinghe has said that India’s response to cash-strapped Sri Lanka’s request for debt restructuring is expected by the end of this month. Sri Lanka, which is trying to secure a USD 2.9 billion bridge loan from the International Monetary Fund (IMF), has been trying to to get financial assurances from its major creditors […]
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
- Interim-budget which meets IMF expectations presented to Parliament (Category: Breaking News)
- Exim Bank of China and Sri Lanka discuss debt issue (Category: Breaking News)
- Indian Foreign Minister to arrive in Sri Lanka next week (Category: Breaking News)
[…]The post Ranil’s Neoliberal Policies: A Death Knell For Working Class Sri Lankans appeared first on Colombo Telegraph.
- Ranil’s Policy Train-Wreck, Opposition Own-Goals, Dullas-GL Game-Changer (Category: Breaking News)
- Ranil’s Perilous Authoritarian Alternative (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
- Government’s Attempt To Redefine The Political Discourse & Direction Through Suppression (Category: Breaking News)
When Sri Lanka slid into its worst economic crisis in seven decades leading to deadly riots and alarming shortages of fuel, food and medicines earlier this year, its giant northern neighbour stepped into the breach.The post India makes inroads into Sri Lanka under China’s long shadow appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Infrastructure, energy and debt on agenda as Sri Lanka president arrives in India (Category: Breaking News)
- India says it will protect its interests as Chinese boat heads to Sri Lanka (Category: Breaking News)
- India plans no more funding for Sri Lanka as IMF talks progress (Category: Breaking News)
- India, Sri Lanka agree to boost ties through energy, power and port projects (Category: Breaking News)
By Abid Hussain Islamabad, Pakistan – Pakistan is facing a resurgence of violent attacks, with analysts saying the government must immediately devise a strategy to counter the threat to internal security as the country heads into an election year. Sunday saw at least nine attacks in the restive southwestern province of Balochistan, killing at least six security […]
- Pakistan Reaps What It Sowed (Category: Breaking News)
- Pakistan restricts movement of Afghans through Torkham border after rise in terror attacks: Report (Category: Breaking News)
- As you sow, so shall you reap: Pakistan now has to deal with self-created demon Taliban (Category: Breaking News)
- At least 44 killed in Pakistan suicide bombing during political rally (Category: Breaking News)
Sri Lanka's military is holding a Christmas carnival at the seafront site of an anti-government protest that forced the country's previous president to flee and quit office earlier this year.The post Sri Lankan protest site gets Christmas carnival makeover appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- War On China? – V: A “Carnival” Of Quads (Category: Breaking News)
- T20 Cricket Carnival at Hilton Colombo (Category: Business)
- DeBug wins at FITIS ICT industry cricket carnival (Category: Business)
- Emirates contributes to Sri Lanka’s Carnival of Cricket (Category: Business)
[…]The post Who Are Primarily Responsible For The Economic Disaster, The Politicians Or The People? appeared first on Colombo Telegraph.
- Country Has Fallen Due To The Socialist Thinking (Category: Breaking News)
- Elections & Economic Recovery (Category: Breaking News)
- The Impact Of The Next Election On The Economic Reforms (Category: Breaking News)
- Tax! Tax!! Tax!!! (Category: Breaking News)
[…]The post Food Security Challenges Aligning With The Current Economic Crisis In Sri Lanka appeared first on Colombo Telegraph.
- The Destiny Of China’s Colony Of Sri Lanka (Category: Breaking News)
- Machiavellians Tend To Be Demonic: Stuck Between A Rock & A Hard Place (Category: Breaking News)
- The Current System & Unlawful Actions (Category: Breaking News)
- Lack Of Accountability, Ability & Credibility (Category: Breaking News)
BY DR. Asoka Bandarage On September 1, 2022, debt-trapped Sri Lanka reached a preliminary agreement with the International Monetary Fund (IMF) for a 48-month Extended Fund Facility of $2.9 billion, which hardly covers the country’s outstanding debt, nor its immediate survival needs. Nevertheless, IMF structural adjustment requires the country to meet its familiar debt restructuring […]
- Experimenting with State-Owned Enterprises (Category: Breaking News)
- Surpassing neoliberal fictions towards mission-oriented state (Category: Breaking News)
- Godahewa sounds alarm over attempts to privatise profitable Insurance Corporation (Category: Breaking News)
- CBSL Governor sees good progress in negotiations with China on debt restructuring (Category: Breaking News)
BY Dr. C. S. Weeraratna csweera@sltnet.lk According to United Nations’ Committee on World Food Security, “Food security is achieved when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life. The Food and Agriculture Organization […]
- Growing challenge of food insecurity and malnutrition in Sri Lanka amidst macroeconomic crisis (Category: Breaking News)
- Plantation sector and economy (Category: Breaking News)
- Deteriorating rural economy, and food security (Category: Breaking News)
- Reducing Trade Deficit (Category: Breaking News)
BY Ajeyo Basu New Delhi: Since its creation in 1947, Pakistan has based the very purpose of its existance on establishing Muslim rule over ‘Hindu’ India. However, the setbacks in the wars of 1965 and 1971 made the Pakistan Army – the actual rulers of the impoverished country – realise the futility of direct military confrontation […]
- Pakistan Reaps What It Sowed (Category: Breaking News)
- What is behind a resurgence of violent attacks in Pakistan? (Category: Breaking News)
- Pakistan’s Alarming Rise in Terrorism Is Fueled by Afghanistan (Category: Breaking News)
- Pakistan restricts movement of Afghans through Torkham border after rise in terror attacks: Report (Category: Breaking News)
Sri Lanka’s inflation is expected to significantly cool in the coming months after peaking near 70% this year, and the nation may gradually relax a currency band as inflows improve, central bank governor Nandalal Weerasinghe said.The post Sri Lanka’s inflation expected to significantly cool in the coming months – CBSL Governor appeared first on Sri Lanka News - Latest Breaking News in ...
- Sri Lanka’s headline inflation may rise to 70% in coming months – Central Bank of Sri Lanka (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka to introduce new central bank law, inflation target (Category: Breaking News)
- Sri Lanka Says Inflation Nears Peak, Easing Pressure on Economy (Category: Breaking News)
Sri Lanka's central bank on Thursday threatened administrative intervention to control high market interest rates that it regarded as out of line with the inflation outlook.The post Central Bank of Sri Lanka threatens administrative measures over high market interest rates appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka Central Bank further reduces policy rates (Category: Breaking News)
- Central Bank of Sri Lanka decided to maintain policy interest rates at their current levels (Category: Breaking News)
- Central Bank of Sri Lanka issues order slashing interest rates on lending products (Category: Breaking News)
At a time when enhancing profitability of public enterprises is an urgent need to boost the national economy of Sri Lanka, the revival and turnaround of Gal Oya Plantations (formerly known as Hingurana Sugar factory) by LOLC is an embodiment of how the nation’s assets can be enhanced through professionalism and expertise by the private […]
- LOLC’s commitment to renewable energy recognised (Category: Business)
- India sends off fifth railbus from Gal Oya to Trincomalee in Eastern Province of Sri Lanka (Category: Breaking News)
- Reducing Trade Deficit (Category: Breaking News)
- Treasury Bill rate hikes notably as investors switch to govt. securities (Category: Breaking News)
[…]The post How We Came To This Pass – Waiting On IMF appeared first on Colombo Telegraph.
- Sri Lanka’s Two Challenges: Economic Recovery & Political Devolution (Category: Breaking News)
- Two Challenges: Economic Recovery & Political Devolution – IV (Category: Breaking News)
- How We Came To This Pass: A Quest For Scapegoats (Category: Breaking News)
- Privatisation Of Public Assets Under Neoliberal Corporate Capitalism: Modern Evil (Category: Breaking News)
Sri Lanka has postponed a round of debt restructuring talks initially expected to be held on Thursday to allow central bank and treasury officials to provide clarifications sought by the country's creditors, its state minister of finance said.The post Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ...
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka could wrap up debt restructure talks by Sept, president says (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
Sri Lanka needs to implement budget proposals and reform measures to start earning crucial foreign exchange to help stabilise its economy and ensure it does not return to crisis, its central bank chief said on Tuesday.The post Sri Lanka must implement budget proposals to avoid return to crisis appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- CBSL governor says 2023 Budget focuses on economic recovery and stability (Category: Breaking News)
- Sri Lanka central bank chief: monetary policy transmission still incomplete (Category: Breaking News)
- Sri Lanka’s Central Bank Governor asks critics to provide alternatives (Category: Breaking News)
- Sri Lanka signals pause after four rate cuts as IMF loan awaited (Category: Breaking News)
The Government is to restructure SriLankan Airlines, Sri Lanka Telecom (SLT), Colombo Hilton, Waters Edge and Sri Lanka Insurance Corporation, along with its subsidiaries. President Ranil Wickremesinghe told Parliament today that the urgency of restructuring the most fiscally significant State-Owned Enterprises (SOEs) was reiterated several times during the last 6 months. As committed to in [̷...
- SriLankan Airlines denies claims it lost essential workers (Category: Breaking News)
- SriLankan Airlines denies claims on cancellation of flights (Category: Breaking News)
- SriLankan Airlines to renew commercial operations to China (Category: Breaking News)
- Auctioning of SriLankan Airlines postponed (Category: Breaking News)
Sri Lanka's new government will release the 2023 budget on Monday focused on boosting revenue, implementing tax reforms and fiscal consolidation to secure an IMF bailout package to help the country recover from its worst financial crisis in decades.The post Sri Lanka’s 2023 budget aims to put crisis-hit economy back on track appeared first on Sri Lanka News - Latest Breaking News in Sri Lank...
- Sri Lanka budget to seek recovery for crisis-hit economy (Category: Breaking News)
- Sri Lanka balances polls and crisis recovery in 2024 budget deliberations (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
- Sri Lanka’s president to cut spending in interim budget (Category: Breaking News)
Sri Lanka said it held a productive meeting with its bilateral creditors, which include India and China, on Thursday as the country looks to restructure its debt and carve a path out of its worst financial crisis in decades.The post Sri Lanka holds debt restructuring talks with bilateral creditors appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka aims to have $2.9 billion IMF loan finalised in December (Category: Breaking News)
- Sri Lanka’s creditor nations to meet despite uncertainty on China (Category: Breaking News)
- Sri Lanka postpones debt restructuring talks, hopes for IMF deal in December (Category: Breaking News)
Hundreds of people marched in Sri Lanka's largest city Colombo on Wednesday protesting against higher taxes, inflation and alleged state-led repression as the country struggles to emerge from its worst financial crisis in seven decades.The post Hundreds march in crisis-hit Sri Lanka protesting tax hikes, crackdowns appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News...
- Police fire tear gas at protestors in Maradana (Category: Breaking News)
- Sri Lanka could tip back to chaos if six-time Prime Minister voted President (Category: Breaking News)
- Sri Lanka’s government employees to protest demanding Rs. 20,000 salary hike (Category: Breaking News)
- Police secures court order to block NPP protest planned for today (Category: Breaking News)
According to the United Nations’ Committee on World Food Security “Food security is achieved when all people, at all times, have physical and economic access to sufficient, safe and nutritious food to meet their dietary needs and food preferences for an active and healthy life”. The Food and Agriculture Organization (FAO) and World Food Programme […]
- Achieving food security:Integrated plan necessary (Category: Breaking News)
- Poverty, Aswesuma and food security (Category: Breaking News)
- Sri Lanka’s national inflation eases further to 10.8% in June (Category: Breaking News)
- WFP finds 32 percent of Lankan households are food insecure (Category: Breaking News)
Bangladesh has stated that it would be hopeful Sri Lanka could pay back the $200 million debt that it owes to the country by March 2023, said a news report published by BD News 24, an English and Bengali language news website of Bangladesh. The report said: Abdur Rouf Talukder, Governor of Bangladesh Bank, provided […]
- Sri Lanka pays off $200 million loan from Bangladesh with $4.5 million interest (Category: Breaking News)
- Sri Lanka returns another $100 million to Bangladesh (Category: Breaking News)
- Bangladesh extends time granted for Sri Lanka to pay USD 200m loan (Category: Breaking News)
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023.The post Bangladesh hopeful Sri Lanka will repay debt of $200 Million by March 2023 appeared first on Sri Lanka News - Latest Breaking News in Sri Lanka - ONLANKA News.
- Sri Lanka given more time to repay Bangladesh’s $200 Million loan (Category: Breaking News)
- Bangladesh hopeful Sri Lanka will repay $200 million debt on time (Category: Breaking News)
- Bangladesh reminds SL of its loan (Category: Breaking News)
- Bangladesh expects Sri Lanka to repay $200 million by March 2023 (Category: Breaking News)
Bangladesh is hopeful that Sri Lanka will repay the debt of $200 million that it owes to the country by March 2023. Abdur Rouf Talukder, Governor of Bangladesh Bank, provided a positive outlook on the matter after a meeting with his Sri Lankan counterpart Nandalal Weerasinghe in the United States. The central bank chief travelled […]
- Bangladesh gives Sri Lanka more time to repay $200 million loan (Category: Breaking News)
- Bangladesh gives Sri Lanka 6 more months to repay $200m loan (Category: Breaking News)
- IMF reiterates prior actions Sri Lanka must take to approve funds (Category: Breaking News)
- Sri Lanka thrashes Bangladesh in second Test, wins series (Category: Breaking News)
China has put brakes on its ambitious Belt and Road Initiative (BRI) after it realised its finances are in a mess with nearly 60 per cent of foreign country loans piling up, as those countries are in financial distress and there is no question of repayment. The world’s financial experts believe China is learning a […]
- China keeps Pakistan, Sri Lanka waiting on loan deals (Category: Breaking News)
- Foreign Ministry ‘embarrassed’ by China’s dry relief package distribution (Category: Breaking News)
- China miffed with Tibetan leader’s testimony before Canadian parliament (Category: Breaking News)
- Bad news for Beijing: Colombo will not allow China to use Sri Lanka as base to threaten India (Category: Breaking News)
A key measure of Sri Lanka's consumer inflation surged to an annual record 69.8% in September, official data showed on Friday, highlighting the challenge for the central bank as the island reels under its worst financial crisis in seven decades.The post Sri Lanka’s key inflation rate surges to record, keeps central bank pressured appeared first on Sri Lanka News - Latest Breaking News in Sri...
- Sri Lanka’s key inflation rate rises to 1.5% in October (Category: Breaking News)
- Rising food prices drive Sri Lanka inflation up to 4.2% in December (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 4% in August (Category: Breaking News)
- Sri Lanka’s key inflation rate eases to 54.2% in January (Category: Breaking News)
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