@2022 - All Right Reserved. Designed and Developed by Rev-Creations, Inc
51 results found in 1750 ms
Page 1 of 2
Sri Lanka's key inflation rate rose to 1.5% in October from 1.3% a month ago, the statistics department said on Tuesday.The post Sri Lanka’s key inflation rate rises to 1.5% in October appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
Sri Lanka to increase Value-Added Tax (VAT) from 15 percent to 18 percent effective from January 01, 2024.The post Sri Lanka to increase VAT to 18% appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
State Minister of Finance Shehan Semasinghe has assured that while the government will not take any decisions that would adversely affect the country s economy, the reforms currently being implemented, in compliance with the agreement under the International Monetary Fund (IMF), are ones
ECONOMYNEXT – Sri Lanka is in the process of creating a Revenue Authority and the 2024 budget is likely to announce it to monitor the three key state income collecting bodies due to their poor performance, sources who are aware of the new move said. A Parliament Sectoral Oversight Committee on National Economic and Physical […]
Thursday 26th October, 2023 Some SLPP MPs are shedding copious tears for the public who are struggling to keep their heads above water. Prominent among them is former Minister Namal Rajapaksa, who is trying to absolve the SLPP of the blame for exponential increases in taxes and tariffs. Attributing the people’s economic woes to the […]
Sri Lanka Podujana Peramuna (SLPP) Parliamentarian Namal Rajapaksa has voiced his displeasure over the recent Cabinet reshuffle that took place, deeming it a mere ‘change of posts’, as opposed to an effective solution to the issues Sri Lanka is currently facing.The post Namal Rajapaksa slams Cabinet reshuffle, says President should understand coalition politics appeared first on ONLANKA - Sri Lank...
The International Monetary Fund (IMF) says Sri Lanka is on the path to receive the second tranche of funding as the country looks to complete its economic reforms agenda on schedule. IMF Executive Director Dr. Krishnamurthy Subramanian said that the commitment will be a reason to assure
Sri Lanka should aim to get state revenues more than 12 percent of gross domestic product and avoid revenue shortfalls next year, International Monetary Fund Senior Mission Chief Peter Breuer said. Sri Lanka projected revenues (including non-tax) of 3,408 billion rupee (11.3 -pct of GDP
The Ceylon Chamber of Commerce (CCC) has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka’s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF). “This agreement is set to grant Sri Lanka access
The staff level agreement on the first review of the International Monetary Fund (IMF) programme will enable multilateral agencies to disburse remaining installments and help fast-track debt restructuring, State Minister of Finance Shehan Semasinghe said. “This was much needed to strengthen
Sri Lanka has decided to continue to actively participate in the Belt and Road Initiative proposed by China. Issuing a joint statement, Sri Lanka reiterated that it will never allow any separatist activity against China on Sri Lanka‘s soil. The joint statement by China and Sri Lanka was issued following a visit to China by President Ranil Wickremesinghe […]
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.The post IMF wants strong budget, narrower deficit from Sri
Sri Lanka and the International Monetary Fund (IMF) have reached a staff-level agreement on economic policies to conclude the first review of US $ 3 billion, 48-month, Extended Fund Facility (EFF).The post Sri Lanka reaches IMF staff-level agreement on first review appeared first on ONLANKA - Sri
The Ceylon Chamber of Commerce has congratulated the Government of Sri Lanka for reaching a staff-level agreement on the first review of Sri Lanka s Extended Fund Facility Arrangement (EFF) with the International Monetary Fund (IMF).
International Monetary Fund (IMF) says it looks forward to analyzing the details of the recent agreement between Sri Lankan authorities and the Export-Import Bank (Exim Bank) of China on debt treatment terms.
The International Monetary Fund (IMF) is looking for a strong budget and narrower deficit from Sri Lanka as it seeks funding to bridge the gap between government revenue and expenditure, the IMF mission chief for the country said on Friday.
The International Monetary Fund (IMF) and Sri Lanka have reached a crucial staff-level agreement which is now subject to the approval by IMF management and the IMF Executive Board. After constructive discussions with the authorities in Colombo and during the Annual Meetings in Marrakech, IMF Senior
The International Monetary Fund (IMF) team Sri Lankan authorities have reached a staff-level agreement on economic policies to conclude the first review of the 48-month EFF-supported program.
Sri Lanka today said it was confident of reaching a Staff Level agreement with the International Monetary Fund (IMF) to secure around US$338 million. State Minister of Finance Shehan Semasinghe told Parliament that multiple discussions have taken place between the IMF and Sri Lanka in recent weeks
Sri Lanka is taking an unfavorable view toward a proposal by foreign dollar bondholders for restructuring its debt, signaling possible complications in negotiations that are key for accessing further funding to support its economic recovery. “This proposal has not received a favorable response from Sri Lanka,” the Ministry of Finance said in an official statement, […]
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it’s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to junior Finance Minister Shehan Semasinghe.The post Sri Lanka Close to IMF
Sri Lanka is close to reaching a vital staff-level agreement with the International Monetary Fund to get funding, while it s also assessing debt restructuring terms from foreign holders of its dollar bonds, according to State Minister of Finance Shehan Semasinghe.
Indian Finance Minister Nirmala Sitharaman has commended the progress Sri Lanka has made thus far with regard to the resolutions under their agreement with the International Monetary Fund (IMF).
The International Monetary Fund (IMF) does not support providing subsidies to everyone in Sri Lanka. Krishna Srinivasan, Director of the IMF’s Asia and Pacific Department said that there needs to be targeted support to the poor and vulnerable in Sri Lanka. “We fully sympathize and understand
Sri Lanka's authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund (IMF) official said on Friday.The post IMF: Sri Lanka can discuss proposals from private creditors including GDP-linked bonds appeared first on ONLANKA
Private creditors in Sri Lanka have submitted a restructuring proposal for the country’s $12 billion overseas debt, aiming to include a novel bond-type designed to ease repayments in the face of potential economic pressures, Reuters reported on Friday. The proposal, sent on 02 October, outlines a write-down on both capital and interest, the international news […]
Sri Lanka s authorities can negotiate any proposals private creditors make, such as issuing GDP-linked bonds, a senior International Monetary Fund official said on Friday.
Sri Lanka's private creditors have sent a proposal on how to restructure $12 billion of overseas debt, including a new type of bond designed to ease repayments in case of future economic pressure, said two sources with direct knowledge of the matter.The post Sri Lanka bondholders sent $12 billion debt rework proposal to government, sources say appeared first on ONLANKA - Sri Lanka Latest Breaking ...
International Monetary Fund managing director Kristalina Georgieva said on Thursday the Âheartbreaking Israel-Hamas conflict threatened to darken an already murky global economic outlook.
Sri Lanka is likely to clinch an agreement in the next several days that would help it tap more funds from the International Monetary Fund even though it s still trying to firm up negotiations with creditors on debt restructuring, Bloomberg reported.