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The International Monetary Fund (IMF) has expressed its readiness to assist Sri Lanka in its negotiations with international bondholders, according to a Reuters report. An IMF spokesperson has been quoted as saying that a formal assessment will be provided once a preliminary agreement is reached
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
The International Monetary Fund (IMF) stands ready to support Sri Lanka’s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday. “We hope an agreement consistent
- IMF insists no talks with Sri Lanka on digital services tax (Category: Breaking News)
- IMF begins talks in Sri Lanka in attempt to reach deal (Category: Breaking News)
- Bondholders and Sri Lanka fail to agree on restructuring terms (Category: Breaking News)
- IMF delegation to visit Colombo next week (Category: Breaking News)
According to Reuters, the International Monetary Fund (IMF) has expressed readiness to facilitate Sri Lanka's ongoing negotiations with international bondholders.The post IMF ready to support Sri Lanka’s discussions with bondholders appeared first on ONLANKA - Sri Lanka Latest Breaking News
- IMF ready to support Sri Lanka s discussions with bondholders (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
- Sri Lanka hoping to continue talks with bondholders after consulting IMF (Category: Breaking News)
- Sri Lanka to continue talks with bondholders (Category: Breaking News)
The International Monetary Fund (IMF) stands ready to support Sri Lanka s discussions with international bondholders and will provide a formal assessment after the parties reach a tentative agreement-in-principle, an IMF spokesperson said on Thursday.
- Economic Czar (Category: Business)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
- Sri Lanka cuts import levy, simplifies taxes (Category: Breaking News)
Reuters reports that Sri Lanka intends to engage with the International Monetary Fund (IMF) to determine if its recent debt restructuring proposals align with the terms of its financial aid program, according to a statement from the finance ministry on Wednesday.The post Sri Lanka consults IMF
- China tells IMF willing to take constructive part in debt talks (Category: Breaking News)
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- Sagala meets with IMF representatives to discuss prior actions and debt restructuring (Category: Breaking News)
- India commits to help Sri Lanka on debt in prospective IMF program (Category: Breaking News)
The Government of Sri Lanka says it hopes to continue discussions with the bondholders with a view to reaching common ground ahead of the International Monetary Fund (IMF) board consideration of the second review of Sri Lanka s Extended Fund Facility (EFF) program.
The government of Sri Lanka has announced that it held restricted discussions over the past three weeks (the “Restricted Period”) with nine members of the steering committee who agreed to take part in the restricted discussions (the “Steering Committee”) of the Ad Hoc Group of Bondholders (the “Group”, and together with Sri Lanka, the “Parties”) of [...
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
- McEnany’s MLB husband tells his side of White House briefing room incident (Category: USA, New York)
Reuters reports that Sri Lanka has turned down a restructuring plan proposed by international bondholders to address its $12 billion debt, thereby endangering crucial International Monetary Fund (IMF) aid and further delaying the resolution of its ongoing two-year debt crisis.The post Sri Lanka
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
- IMF ready to support Sri Lanka’s discussions with bondholders (Category: Breaking News)
Sri Lanka began the International Monetary Fund and World Bank Group (IMF/WBG) Spring Meetings with a productive bilateral discussion with Kenji Okamura, the Deputy Managing Director of the IMF, according to State Minister of Finance, Shehan Semasinghe.The post Sri Lanka commences IMF-World Bank
- Sri Lanka makes significant progress at the World Bank – IMF spring meetings in Washington (Category: Breaking News)
- IMF and Sri Lanka discuss steps to be taken to secure funds (Category: Breaking News)
- Sri Lankan delegation calls on top IMF, World Bank officials at 2024 Spring Meetings (Category: Breaking News)
- IMF wants social stability maintained in order to help Sri Lanka (Category: Breaking News)
on the sidelines of the International Monetary Fund and […]
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka bondholders’ proposal met with Government pushback (Category: Breaking News)
- Bill to trim president’s powers likely to become law within weeks (Category: Breaking News)
- Sri Lanka could benefit from debt-for-nature swap (Category: Breaking News)
The International Monetary Fund (IMF) and Sri Lanka discussed the next steps to finalize the 2nd Review of the IMF programme. The discussion took place between State Minister of Finance Shehan Semasinghe and IMF Executive Director for India and Sri Lanka Dr. Krishnamurthy Subramanian. “
- Sri Lanka tells G-24 country’s economy has stabilised (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- Thai Airways resumes daily flights to Colombo (Category: Breaking News)
- Indigo commences direct flights between Mumbai-Colombo (Category: Breaking News)
The Deputy Managing Director of the International Monetary Fund (IMF), Kenji Okamura has commended the Sri Lankan authorities on the implementation of a strong program and excellent reform progress, says Finance State Minister Shehan Semasinghe.
Sri Lanka is looking forward to making progress in ending the ongoing debt restructuring negotiations at the IMF and the World Bank’s spring meetings, scheduled to begin from Monday, in Washington, PTI has reported. Shehan Semasinghe, the State Minister for fFnance, will lead the government delegation, along with Central Bank Governor Nandalal Weerasinghe, and Treasury Secretary […]
- President now expects IMF bailout next month (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
- Will strongly support Sri Lanka on debt restructuring - IMF chief (Category: Breaking News)
- IMF working very hard to press for urgent debt resolution for countries like Sri Lanka - IMF chief (Category: Breaking News)
The “uncertainty” over the impending elections in Sri Lanka will cause a possible downward trend in the country’s economic outlook, the Asian Development Bank (ADB) has said, according to a PTI dispatch. Sri Lanka is set to face a presidential election in the last quarter of this year, while the parliamentary election is due mid-next year. […]
- Economic growth of 1.8% is expected in 2024 - Semasinghe (Category: Breaking News)
- President at Economic Summit 23 underscores need for radical economic restructuring (Category: Breaking News)
- JVP unveils its economic policy today (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
Sri Lanka s State Minister of Finance Shehan Semasinghe says that they expect fruitful engagements that will pave the way for unlocking the next tranche of essential IMF funding and a speedy debt resolution which will enhance economic stability, during the upcoming International Monetary Fund (IMF
The International Monetary Fund (IMF) has selected Kristalina Georgieva to serve as its Managing Director for a second five-year term starting on October 1, 2024.The post Kristalina Georgieva selected for second term as IMF’s Managing Director appeared first on ONLANKA - Sri Lanka
- Kristalina Georgieva selected to serve as IMF MD for second term (Category: Breaking News)
- Kristalina Georgieva selected for second term as IMF s Managing Director (Category: Breaking News)
- IMF’s Georgieva to travel to China at end of March – IMF sources (Category: Breaking News)
- IMF working with multilateral lenders on financing programmes for Sri Lanka (Category: Breaking News)
[…]The post Mr. President, Dawn Of The New Year Is The Time For Reflection & To Redress Citizens Grievances Due To The DDO appeared first on Colombo Telegraph.
- The Apologetic Custodian Of The EPF Is Also A Victim (Category: Breaking News)
- Domestic Debt Restructuring: An Episode In Capital’s Attack On Working People (Category: Breaking News)
- Some Suggestions To Assist In Sri Lanka Striving To Achieve A Primary Balance (Category: Breaking News)
- Is Post-Crisis Essential Reforms Being Effectively Progressed? If Not What Is The Way Forward? (Category: Breaking News)
In a noteworthy diplomatic move, Jake Sullivan, the U.S. National Security Advisor, held a significant telephone conversation with Sagala Ratnayaka, the Senior Advisor to the President on National Security of Sri Lanka, on Wednesday (April 10).The post U.S. and Sri Lanka National Security Advisors discuss mutual support and regional stability appeared first on ONLANKA - Sri Lanka Latest Breaking N...
- Russia President Vladimir Putin grants Russian citizenship to U.S. whistleblower Edward Snowden (Category: Breaking News)
- Minister Ali Sabry meets U.S. State Secretary Antony Blinken (Category: Breaking News)
- United States donates 3000 tonnes of food to feed Sri Lankan school children (Category: Breaking News)
- U.S. assures support for restructuring Sri Lanka debt (Category: Breaking News)
Despite making Rs. 5 billion in profit yearly from expressways in Sri Lanka, Minister Bandula Gunawardana said it might take 160 years to pay off the Rs. 800 billion loan used to build them.The post Despite Rs. 5 Billion annual profit, Expressway Debt might last 160 Years – Bandula appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Jumbo profit at JKH (Category: Business)
- Hemas records Rs. 1.3 b after tax profit in FY12 (Category: Business)
- Creamier 2011 for Nestlé Lanka shareholders (Category: Business)
Sri Lankan President Ranil Wickremesinghe emphasized the importance of modernizing the legal system to effectively implement the government’s program aimed at fostering rapid economic growth in the country.The post Sri Lanka President calls for legal modernization to propel Sri Lanka’s economic growth appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- President pledges to build an economy capable of settling the country’s debts (Category: Breaking News)
- Sri Lanka President says 42 new laws enacted for economic transformation, 62 laws due for enactm... (Category: Breaking News)
- Sri Lanka President stresses vitality of new Economic reforms for country’s recovery (Category: Breaking News)
- Comprehensive government program to empower women entrepreneurship (Category: Breaking News)
The World Bank has found that more than a quarter of Sri Lanka’s population is living in poverty,according to its latest publication. Titled ‘World Bank Update: Bridges to Recovery’ released last week (April 2) shows that poverty has increased over the past four years—from 11 percent in 2019 to almost 26 percent in 2024 in Sri Lanka. […]
- SL has fifth highest food price inflation in world (Category: Breaking News)
- IT professionals leaving country (Category: Breaking News)
- Foreign jobs: growing mismatch between SL supply and global demand: World Bank (Category: Breaking News)
- Harsha hints at Chinese hurdle in debt relief talks (Category: Breaking News)
The assistance of the Asian Development Bank (ADB) to help Sri Lanka recover from the crisis will be aligned with the strategic objectives of the Bank’s country partnership strategy (CPS) 2024–2028, Takafumi Kadono, Country Director, Sri Lanka Resident Mission, ADB said. Mr. Kadono made this comment at the ‘Serendipity Knowledge Programme’ (SKOP) held on April […]
- ADB approves USD 350 million loan for economic stabilisation in Sri Lanka (Category: Breaking News)
- President seeks ADB support to set up International University on Climate Change in Sri Lanka (Category: Breaking News)
- ADB assures more support but not debt cancellation (Category: Breaking News)
- Discussions on ADB support for several sectors in Sri Lanka (Category: Breaking News)
Sri Lanka and a group of its creditors are in final negotiations to suspend debt repayments until 2028, Nikkei has learned, as country creditors including Japan seek to prevent China’s influence from expanding in the debt-ridden island. “Negotiations [with the creditor nations] have concluded. We are hoping that it [a detailed announcement] will take place […]
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Japan, India and France launch Sri Lanka debt re-structuring talks (Category: Breaking News)
- US calls on China to play formal role in Sri Lanka’s debt restructuring (Category: Breaking News)
- China wants fair burden-sharing when restructuring Sri Lanka’s debt (Category: Breaking News)
NikkeiAsia reports that Sri Lanka and a consortium of its creditors are currently in the final stages of negotiations to postpone debt repayments until 2028.The post Sri Lanka’s debt repayments to be suspended until 2028 – NikkeiAsia Reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka’s debt repayments to be suspended until 2028 (Category: Breaking News)
- Sri Lanka s debt repayments to be suspended until 2028 (Category: Breaking News)
- China confirms two-year debt moratorium offer for Sri Lanka (Category: Breaking News)
- Sri Lanka to make $2.6 billion in loan repayments in first half of year (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasized the government’s commitment to leading Sri Lanka towards prosperity by 2048 through transformative changes in modern agriculture, tourism, and the energy sector.The post Sri Lanka President calls on youth to lead nation forward through Government initiatives appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Ranil Wickremesinghe named as next candidate of UNP for Presidential Election 2024 (Category: Breaking News)
- Sri Lanka President’s 2023 New Year Message (Category: Breaking News)
- Sri Lanka President arrives in New York to attend the 78th session of the United Nations General... (Category: Breaking News)
- 2023 Budget aimed at long-term, stable economic growth to be presented to Parliament tomorrow (Category: Breaking News)
Sri Lanka anticipates the third tranche of the International Monetary Fund (IMF) extended fund facility by June, according to State Minister of Finance Shehan Semasinghe. However, the country must first obtain consensus from the country’s creditors on restructuring its debt. “We anticipate
- Sri Lanka to brief creditors on IMF deal for economic recovery (Category: Breaking News)
- IMF ready to assist Lanka in bondholder talks amid debt restructuring challenges (Category: Breaking News)
- Debt restructuring strategy out in April (Category: Breaking News)
- Sri Lanka nears IMF deal on funding while debt talks proceed - report (Category: Breaking News)
Mr. Rajith Keerthi Tennakoon, President Director General of Community Affairs, stated that between President Ranil Wickremesinghe’s assumption of office and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments.The post Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement appeared first on ONLA...
- Sri Lanka Government allocates nearly Rs. 200 Billion for Economic Relief amidst Crisis (Category: Breaking News)
- Government settles US$ 1,909.7 million foreign debt and interest – Rajith Keerthi Thennakoon (Category: Breaking News)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
There is a strong expectation that Sri Lanka will reach agreements with its commercial creditors, consistent with programme parameters, by completion of the second review, International Monetary Fund Communications Director Julie Kozack said on Thursday, addressing a press conference in Washington
- There is Âstrong expectation of Sri Lanka commercial creditor deal- IMF (Category: Breaking News)
- Third IMF tranche by June provided debt restructuring is concluded (Category: Breaking News)
- Central Bank Governor optimistic about IMF approval for Sri Lanka’s second tranche of extended f... (Category: Breaking News)
- Sri Lanka to announce debt restructuring strategy in April  CBSL governor (Category: Breaking News)
Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
The International Monetary Fund said on Thursday that there is “strong expectation” that Sri Lanka will reach a deal with its commercial creditors by the completion of the IMF’s second review.The post There is “strong expectation” of Sri Lanka commercial creditor deal: IMF appeared
- There is Âstrong expectation of Sri Lanka commercial creditor deal- IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- IMF not expected to discuss Sri Lanka before year-end – sources (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
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