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- island.lk - Category : Breaking News - Relavancy : 0.8154353

Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “

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- onlanka.com - Category : Breaking News - Relavancy : 0.8154353

Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging “positively,” according to the South Asian nation’s junior finance minister.The post Sri Lanka confident

- colombogazette.com - Category : Breaking News - Relavancy : 0.23035643

Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka’s economy collapsed in early 2022 after its foreign exchange reserves dwindled to […]

- onlanka.com - Category : Breaking News - Relavancy : 0.16288659

Sri Lankan President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery.The post Sri Lanka President stresses vitality of new Economic reforms for country’s recovery appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.16288659

President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]

- onlanka.com - Category : Breaking News - Relavancy : 0.14397277

The Japanese Ambassador to Sri Lanka, H.E. MIZUKOSHI Hideaki, expressed Japan’s support for the current program aimed at rebuilding the Sri Lankan economy.The post Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.8154353

Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article

- colombogazette.com - Category : Breaking News - Relavancy : 0.8154353

The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount

- adaderana.lk - Category : Breaking News - Relavancy : 0.9785223

Acknowledging that the independence of the Central Bank of Sri Lanka (CBSL) is an absolutely key pillar under its program, the International Monetary Fund (IMF) has said that it is important to maintain a high degree of transparency to explain how the CBSL s decisions are benchmarked.

- onlanka.com - Category : Breaking News - Relavancy : 0.6523482

The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post

- onlanka.com - Category : Breaking News - Relavancy : 0.20156187

Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- colombogazette.com - Category : Breaking News - Relavancy : 0.17276731

Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]

- island.lk - Category : Breaking News - Relavancy : 0.8154353

Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities

- island.lk - Category : Breaking News - Relavancy : 0.17276731

ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]

- onlanka.com - Category : Breaking News - Relavancy : 0.8154353

Sri Lanka’s economy expanded for a second straight quarter as industrial activity picked up pace, buoyed by an International Monetary Fund bailout and lower interest rates.The post Sri Lanka’s economy expands for a second straight quarter appeared first on ONLANKA - Sri Lanka Latest Breaking

- colombogazette.com - Category : Breaking News - Relavancy : 0.8154353

President Ranil Wickremesinghe and Illangai Thamil Arasu Katchi (ITAK) Parliamentarian M. A. Sumanthiran discussed the proposals of the International Monetary Fund (IMF) after other opposition parties boycotted the meeting.   During the discussions, Secretary to the Treasury Mahinda Siriwardena

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.086383656
- onlanka.com - Category : Breaking News - Relavancy : 0.8154353

President Ranil Wickremesinghe has convened a pivotal meeting with leaders of recognized political parties to discuss the proposals put forth by the International Monetary Fund (IMF) and its high-level delegation.The post President calls Opposition Party Leaders for crucial meeting on IMF proposals

- colombogazette.com - Category : Breaking News - Relavancy : 0.8154353

President Ranil Wickremesinghe has convened a meeting with leaders of accepted political parties to discuss the proposals put forth by the International Monetary Fund (IMF), with its high-level delegation, the President’s media unit said. Leader of the Opposition Sajith Premadasa, leader

- island.lk - Category : Breaking News - Relavancy : 0.6523482

President Ranil Wickremesinghe has convened a meeting where leaders of registered political parties could discuss the proposals put forth by the International Monetary Fund (IMF) with its high-level delegation, the President’s Media Division (PMD) announced on Friday (08). Leader

- onlanka.com - Category : Breaking News - Relavancy : 0.086383656

Sri Lanka's President, Ranil Wickremesinghe, asserted that the nation’s economy is experiencing robust growth due to the government’s initiatives.The post Sri Lanka’s President says Government initiatives drive robust economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- colombogazette.com - Category : Breaking News - Relavancy : 0.16288659

Pakistan must navigate challenges in the finance sector by diversifying its economic alliances, reducing dependence on singular partners, and negotiating funding arrangements that align with its long-term developmental objectives. The road ahead demands astute diplomatic manoeuvring, a commitment to economic resilience, and a proactive approach to curb corruption and inefficiencies of the Pakistan...

- colombogazette.com - Category : Breaking News - Relavancy : 0.100780934

Religious minorities in Pakistan, including Christians, Hindus, and Shia Muslims, also encounter discrimination and persecution, notably through the country’s blasphemy laws. Advocacy organizations representing Christians and Hindus, as well as other minority groups, criticize the electoral system, asserting its undemocratic nature and its marginalization of religious minorities from mainstream po...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.086383656

[…]The post Navigating The Economic Reawakening & Sustainable Growth appeared first on Colombo Telegraph.

- island.lk - Category : Breaking News - Relavancy : 0.8154353

ECONOMYNEXT –The Asian Development Bank (ADB) expects Sri Lanka not to reverse its International Monetary Fund-led policy reforms despite elections soon, the ADB Country Director for Sri Lanka Takafumi Kadono said. The island nation has witnessed repeated reversals of policy reforms in the past due

- onlanka.com - Category : Breaking News - Relavancy : 0.20156187

Senior U.S. diplomat Richard Verma on Friday met Sri Lankan President Ranil Wickremesinghe and Foreign Minister Ali Sabry in Colombo, and discussed Sri Lanka's economic recovery and progress on its IMF program, the U.S. State Department said.The post Senior U.S. official discusses Sri Lanka’s IMF program in Colombo appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- island.lk - Category : Breaking News - Relavancy : 0.8154353

As Pakistan grapples with the aftermath of controversial elections, political chaos is threatening to cloud its $3bn deal with the International Monetary Fund (IMF), which analysts say is key to the country’s economic stability. On Thursday, the global lender said Pakistan’s interim government

- onlanka.com - Category : Breaking News - Relavancy : 0.17276731

Sri Lanka said on Wednesday it had exported tea worth US$20 million to Iran to partially repay its US$251 million oil debts, with Colombo saying Tehran’s visiting foreign minister had expressed “satisfaction” at the deal.The post Sri Lanka settles US$ 20 million Iranian oil debt with tea appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.

- colombogazette.com - Category : Breaking News - Relavancy : 0.20156187

Sri Lanka sent a new restructuring proposal to dollar bondholders through its adviser Lazard as the South Asian nation seeks to complete overhauling its defaulted debt, according to people familiar with the matter. A counter proposal to a bondholder group’s offer in October for a 20% haircut and the issuance of macro-linked bonds was conveyed […]

- island.lk - Category : Breaking News - Relavancy : 0.17276731

 … draws attention to discrepancy in beneficial interest rates for EPF members By Shamindra Ferdinando Dissident SLPP lawmaker Gevindu Cumaratunga yesterday (18) said that the Wickremesinghe-Rajapaksa government owed an explanation how the Governing Board of the Central Bank had approved a massive salary increase to CBSL employees at a time the country was experiencing developing […]

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