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Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.The post Crisis-hit Sri Lanka strikes staff-level pact
Colombo [Sri Lanka], August 27 (ANI): Even as Sri Lankan President Ranil Wickremesinghe has requested China to restructure its debt amid a severe economic crisis and shrinking foreign reserves, Beijing has chosen to maintain a deafening silence which reveals how disinterested the country is to extend a helping hand to the island nation at this […]
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said.
Sri Lanka and the International Monetary Fund (IMF) have reached a preliminary agreement on an emergency loan to the crisis-hit country and a formal announcement will be made on Thursday, four sources with direct knowledge of the matter said. The island nation, struggling with its worst economic
President Ranil Wickremesinghe should immediately end the use of draconian counter-terrorism laws to target peaceful protesters and release those in custody, Human Rights Watch said today. The authorities detained three student activists who participated in an August 18, 2022 demonstration under the abusive Prevention of Terrorism Act (PTA), which allows up to a year’s detention without […]
Wickremesinghe is budgeting in a sea of monetary instability
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made “good progress” in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.The post Sri Lanka has made good progress in negotiations
The Governor of the Central Bank of Sri Lanka (CBSL) Dr. Nandalal Weerasinghe says that Sri Lanka has made Âgood progress in the negotiations with the International Monetary Fund (IMF), which are aimed at clinching a bailout package.
The visiting delegation of the International Monetary Fund (IMF) called on Sri Lanka s Opposition Leader Sajith Premadasa this morning (Aug 30).
The country is yet to see the impacts of economic crisis easing.
President Ranil Wickremesinghe states that the discussions with the International Monetary Fund (IMF) have successfully reached the final stages.
By Easwaran Rutnam President Ranil Wickremesinghe today presented an interim-budget to Parliament which meets the expectations of the International Monetary Fund (IMF). The President said that the interim-budget will also pave the way for a new budget in 2023. The President said that talks
Pakistan Prime Minister Shehbaz Sharif, without naming the Pakistan Tehreek-e-Insaf (PTI), said that it was unfortunate that a political party was doing politics over the agreement with the International Monetary Fund (IMF) and self-centered politics could cause irreparable damage to the country
By Shamindra Ferdinando Samagi Jana Balavegaya (SJB) leader Sajith Premadasa yesterday (29) lashed out at the government for failing to check rampant corruption. Premadasa, who is also the Leader of the Opposition, asked whether President Ranil Wickremesinghe, government wanted his party to accept ministerial portfolios to share the ill-gotten gains from the latest corrupt deal (USD […]
[…]The post Ranil & Dinesh Have A Past, Not A Future! 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
"As the Samagi Jana Balawegaya, we propose that a direct cash transfer is made to these groups."
By N Sathiya Moorthy After a steep, 75-per cent hike in power-tariffs, the government has now announced increased charges for water and drainage charges. Though brought down after a steeper increase at the peak of fuel-shortage, the transport fares too are not going to be the same even as much as they had become in […]
Printed money bigger than budget deficit
Talks with IMF delegation: Prime Minister Dinesh Gunawardena told an International Monetary Fund (IMF) team led by Peter Breuer and Masahiro Nozaki that the country’s social security net had to be strengthened.The Prime Minister’s Media Division has said the country is facing the worst
But now even without the bridging financing we are managing the situation
Another round of discussions with the International Monetary Fund, with the aim of finding solutions to the financial crisis facing Sri Lanka, was held last Wednesday (24) at the President’s Office under the patronage of President Ranil Wickremesinghe.President Wickremesinghe joined the meeting via
Japan is seeking to organize a Sri Lanka creditors’ conference, hoping it could help solve the Sri Lanka’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said according to a Tokyo datelined Reuters dispatch on Friday.Tokyo is open to hosting talks among all the creditor nations […]
Sri Lanka has one state employee for 14 people
Japan is seeking to organise a Sri Lanka creditors’ conference, hoping it could help solve the South Asia nation’s debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said. Tokyo is open to hosting talks among all the creditor nations aimed at lifting Colombo from its worst […]
However, it is not clear whether top creditor China would join and a lack of clarity remains about Sri Lanka's finances,
Japan is seeking to organise a Sri Lanka creditors' conference, hoping it could help solve the South Asia nation's debt crisis, but uncertainties cloud the outlook for any talks, three people with knowledge of the planning said.The post Japan seeks to organise Sri Lanka creditors’ meeting on debt crisis-sources appeared first on ONLANKA News :. Sri Lanka Breaking News Updates - Latest News i...
Steel prices up 350-pct, tiles up 300-pct and some fittings up 500-pct
By Haroon Janjua Despite gaining independence 75 years ago, Pakistan has yet to rid itself of economic and political crises. As Pakistan marks 75 years of independence this weekend, Islamabad has not planned any special events, aside from a flag-raising ceremony, a fireworks display in the capital and the introduction of a new 75 rupee […]
"We have informed the Chinese government [of] the need to restructure [the debt]."