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President Ranil Wickremesinghe states that the conditions imposed by the International Monetary Fund (IMF) on Sri Lanka, can only be removed by continuing along the same path and strengthening the country s economy.
The International Monetary Fund (IMF) says increasing state revenue is of paramount importance for Sri Lanka as the South Asian island nation continues to be an economy with exceptionally low tax revenues.
Sri Lanka currently imports most of its energy needs, including oil, coal and hydrocarbons. To ease the economic burden, the island nation aims to generate 70% of its electricity from renewable sources by 2030.The post Sri Lanka approves nuclear power plant construction with Russia as top contender appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka s first nuclear power plant expected to be built by 2032 (Category: Breaking News)
- Sri Lanka in talks with Russia to build nuclear power plant (Category: Breaking News)
- Sri Lanka seeks investors for nuclear power plants (Category: Breaking News)
- IAEA studying plans to build nuclear power plant in Sri Lanka (Category: Breaking News)
President Ranil Wickremesinghe is delivering a special statement in Parliament on the International Monetary Fund s Executive Board s completion of the first review under the Extended Fund Facility (EFF) arrangement for Sri Lanka.
The International Monetary Fund says its second review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka is expected to be completed by the end of the first half of 2024, says IMF Senior Mission Chief for Sri Lanka, Peter Breuer.
The International Monetary Fund (IMF) has convened a special press briefing this morning (Dec.13) on the completion of the first review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka.
The International Monetary Fund (IMF) said its executive board cleared the first review of Sri Lanka's about $3 billion bailout on Tuesday, providing about $337 million in funds to help tackle the fallout from the country's worst financial crisis in decades.The post IMF board approves first review
- IMF says Sri Lanka debt deal could help board clear first bailout review (Category: Breaking News)
- IMF staff to visit Sri Lanka in September for first programme review (Category: Breaking News)
- IMF board poised to approve $2.9 billion Sri Lanka bailout (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) has approved the disbursement of approximately US$ 337 million to Sri Lanka as part of a bailout package. The IMF said the Executive Board completed the first review under the 48-month Extended Fund Facility with Sri Lanka, providing
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Human Rights Watch fears IMF loan could erode rights in Sri Lanka (Category: Breaking News)
- IMF confident Sri Lanka can be put on the path to prosperity (Category: Breaking News)
The International Monetary Fund (IMF) says its Executive Board on Tuesday (Dec.12) completed the first review under the 48-month Extended Fund Facility (EFF) arrangement for Sri Lanka.
Sri Lanka President Ranil Wickremesinghe has assured that the Executive Board of the International Monetary Fund (IMF) will approve the second tranche of the Extended Fund Facility (EFF) programme for Sri Lanka today (December 12).The post Sri Lanka President assures IMF’s second tranche
- Ranil Wickremesinghe elected as 8th Executive President of Sri Lanka (Category: Breaking News)
- Ranil Wickremesinghe sworn in as Acting President of Sri Lanka (Category: Breaking News)
- President Ranil Wickremesinghe visits Sri Dalada Maligawa (Category: Breaking News)
- USAID Administrator Samantha Power meets Sri Lanka President Ranil Wickremesinghe (Category: Breaking News)
President Ranil Wickremesinghe has assured that the Executive Board of the International Monetary Fund (IMF) will approve the second tranche of the Extended Fund Facility (EFF) programme for Sri Lanka today (12), the Cabinet Spokesman, Minister Bandula Gunawardana said.
The Executive Board of the International Monetary Fund (IMF) is set to take up for consideration the first review of the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka on today (Dec12).
The ‘Civil Society Initiative on Anti-Corruption Reform for Economic Recovery,’ led by Transparency International Sri Lanka (TISL) and comprising Verité Research, Centre for Policy Alternatives (CPA), Sarvodaya Shramadana Movement, People’s Action for Free and Fair Elections (PAFFREL), and National Peace Council (NPC) yesterday said that there was an urgent need for political will and genuine [...
- CSI calls for inclusion of IMF identified actions in programme (Category: Breaking News)
- US envoy meets civil society to discuss core anti-corruption issues (Category: Breaking News)
- IMF should oppose restrictions on Freedom of Expression, Civil Society Groups (Category: Breaking News)
- CSCD takes up battle cry for elections (Category: Breaking News)
[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.
- Restoring The Dignity Of Sri Lankan Cricketers (Category: Breaking News)
- The Rise & Fall of Bhanuka Rajapakse: How Sri Lankan Cricket’s Mismanagement Dimmed A Superb Tal... (Category: Breaking News)
- Sri Lanka will appeal ICC suspension – Sports Minister (Category: Breaking News)
- Nominations handed over for Sri Lanka Cricket elections (Category: Breaking News)
Human Rights Watch (HRW) has accused Sri Lanka of ignoring the European Union’s (EU) GSP Plus requirements. Issuing a statement today, HRW said that the Sri Lankan authorities had detained nine ethnic Tamils under the country’s abusive counterterrorism law for commemorating those who died in the 1983-2009 civil war, Human Rights Watch said today.The Sri Lankan […]
- Ranil urged to end use of counter terror laws on protesters (Category: Breaking News)
- Rights group accuses Sri Lanka of cracking down on dissent (Category: Breaking News)
- Ranil urged to adopt measures to protect basic rights (Category: Breaking News)
- Rights group urges Sri Lanka to withdraw rehabilitation bill (Category: Breaking News)
[…]The post Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA appeared first on Colombo Telegraph.
- Sri Lanka’s Proposed Internet Law Threatens Upcoming Elections (Category: Breaking News)
- Wickremesinghe Govt. Continues To Repress Freedoms Of Expression & Pursue Policies Against Minor... (Category: Breaking News)
- Sri Lanka: IMF / World Bank – Systemic Reforms Needed (Category: Breaking News)
- Sri Lanka: Protesters Must Not Be Detained Under The Draconian Anti-Terror Law: Amnesty Internat... (Category: Breaking News)
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.The post Sri Lanka to receive about $600 million ADB
- Sri Lanka eyes US $ 1.3 Billion from multilateral funding agencies this year (Category: Breaking News)
- ADB approves $200 Million to sustain economic stabilization efforts in Sri Lanka (Category: Breaking News)
- Asian Development Bank vows more help for crisis-hit Sri Lanka (Category: Breaking News)
- World Bank releases additional USD 250 million for Sri Lanka to sustain economic reforms (Category: Breaking News)
The risks from China’s debt pile are mounting as the country grapples with an economic slowdown and property crisis, a leading credit ratings agency has said. Moody’s issued the warning as it cut its outlook on the government’s debt to negative, from stable.The firm is the latest to raise concern about problems facing the world’s […]
- World leaders in India for G20 summit (Category: Breaking News)
- How India overcame bitter G20 divisions over Ukraine (Category: Breaking News)
- Belt and Road Initiative: Is China’s trillion-dollar gamble to transform the world working? (Category: Breaking News)
- China sends top envoy Wang Yi to Russia for security talks (Category: Breaking News)
Sri Lanka will get about $600 million, on a staggered basis, from the Asian Development Bank after the International Monetary Fund releases the second tranche of a $2.9 billion bailout for the crisis-hit country, an official said on Tuesday.
[…]The post Climate Colonialism At CoP 28: Carbon Laundering Via Green Bondscams? appeared first on Colombo Telegraph.
- Greenwashing Bond Scams & Financializing Mother Nature: Climate Science Fiction Versus Local Rea... (Category: Breaking News)
- Channel 4’s Easter Sunday: The IMF Descends Amid An Over The Horizon Operation Staring ‘Sonic-So... (Category: Breaking News)
- Pelosi’s Pivot As Cold War & Colonialism Rebound: Blue-Greenwash In The Indian Ocean (Category: Breaking News)
- Gota Back In The USA & A Chilling Killing: Welcome To 2023 A (Virtual) Realty In A Post-Truth Wo... (Category: Breaking News)
A US-funded port project in Sri Lanka that is partly owned by a private group close to India’s ruling party could signal a new form of partnership to counter growing Chinese influence in the Indo-Pacific region.The post A China rivalry twist emerges in Sri Lanka’s new US-funded, Indian-built port appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Adani investment has come in, we are not panicking about projects: Ali Sabry (Category: Breaking News)
- United States makes half a billion-dollar investment in Colombo port development (Category: Breaking News)
- Gautam Adani Meets Sri Lankan President Ranil Wickremesinghe, Discusses Colombo Port (Category: Breaking News)
- Construction of West Container Terminal (WCT) in Colombo Port started (Category: Breaking News)
The Executive Board of the International Monetary Fund (IMF) is set to take up for consideration the first review of the 48-month Extended Fund Facility (EFF) Arrangement for Sri Lanka on December 12.
OPEC+ producers have agreed to voluntary oil output cuts for the first quarter next year in an attempt to boost the market, but crude prices fell after the move. Saudi Arabia, Russia and other members of OPEC+, who pump more than 40 percent of the world’s oil, met online on Thursday and issued a statement […]
- OPEC crude output surges to 31.4m bpd in March (Category: Business)
- US cuts world oil demand growth on economy (Category: Business)
- How long will power cuts be? (Category: Breaking News)
- Oil prices rise as Saudi Arabia pledges output cuts – Opec+ (Category: Breaking News)
The United States has welcomed the in-principle agreement reached between Sri Lanka and the Official Creditor Committee (OCC) on specific financing terms to restructure the island nation s debt in line with the parameters set in the International Monetary Fund (IMF) program.
Sri Lanka's in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.The post IMF says Sri Lanka debt deal could help board
- Sri Lanka’s second review of $2.9 billion IMF bailout possible in first half of 2024 – official (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
- IMF board approves first review of Sri Lanka’s nearly $3 billion bailout (Category: Breaking News)
- First review of IMF’s Extended Fund Facility for Sri Lanka to commence today (Category: Breaking News)
Sri Lanka s in-principle pact with creditor nations to restructure its debt prepares the way for the International Monetary Fund (IMF) to consider clearing the first review of a bailout next month, the global lender said on Thursday.
Official creditors and Sri Lanka have agreed, in principle, on restructuring the country’s debt. The Paris Club said that following the launch event in April 2023, 17 countries formally formed, on May 9, an Official Creditor Committee (OCC) co-chaired by India, Japan and France (as chair of the Paris Club) to respond to the Sri […]
- Official Creditor Committee confirms debt treatment deal with Sri Lanka (Category: Breaking News)
- IMF notes Sri Lanka still in talks with official bilateral creditors (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China only observer in Sri Lanka’s debt restructuring platform (Category: Breaking News)
A group of Sri Lanka's creditor nations are likely to reach an agreement on debt relief and an extension of repayment deadlines for the South Asian nation, Japan's Jiji News reported on Wednesday, without naming a source or giving any details.The post Creditor nations likely to agree on Sri Lanka debt restructuring – report appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top S...
- Sri Lanka’s creditors hold 1st meeting, with China as observer (Category: Breaking News)
- Japan urges early signing of debt MoU between Sri Lanka and creditors (Category: Breaking News)
- Japan says no pact yet with Sri Lanka on debt restructure talks (Category: Breaking News)
- Japan calls for creditor nations’ talks on Sri Lanka debt restructuring (Category: Breaking News)
The Lawyers’ Collective (LC) has strongly condemned what it calls President Ranil Wickremesinghe’s attempt to intimidate the Constitutional Council of Sri Lanka.LC has said in a media statement: “The Lawyers’ Collective strongly condemns the recent attempt by President Wickremesinghe to intimidate the Constitutional Council of Sri Lanka. In an authoritarian move, on 23 November 2023, […...
- President Resists Independent Review Of His Nominees To High Posts By Constitutional Council (Category: Breaking News)
- Wide-ranging proposals on judicial & legal reforms from SJB Lawyers Federation to Sajith (Category: Breaking News)
- GL reiterates CC not part of Executive (Category: Breaking News)
- Sajith accepts far-reaching legal reforms, vows to thwart Ranil’s strategy (Category: Breaking News)
Sri Lanka’s rights abuses flout EU trade benefits requirements By Claudio Francavilla (from Human Rights Watch website) Sri Lanka’s economy has contracted every year since 2019, but exports to the European Union have increased, providing vital income in desperate economic times. This has largely been due to the EU’s Generalised Scheme of Preferences Plus (GSP+), which […]
- Proposed Law Breaks Government Pledge to End Abuse’ – HRW (Category: Breaking News)
- ‘SL should expedite signing FTA with China and expand scope of same instrument with India’ (Category: Breaking News)
- IMF won’t assist if govt. puts off LG polls (Category: Breaking News)
- US Trade Delegation Reviews Labor Rights For GSP (Category: Breaking News)
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