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- adaderana.lk - Category : Breaking News - Relavancy : 1.1417727

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.

- adaderana.lk - Category : Breaking News - Relavancy : 1.1417727

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.

- onlanka.com - Category : Breaking News - Relavancy : 0.17278978

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.

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- onlanka.com - Category : Breaking News - Relavancy : 0.65244156

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

- colombogazette.com - Category : Breaking News - Relavancy : 0.81555194

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

- adaderana.lk - Category : Breaking News - Relavancy : 1.1417727

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.

- onlanka.com - Category : Breaking News - Relavancy : 0.81555194

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

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- adaderana.lk - Category : Breaking News - Relavancy : 1.1417727

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).

- island.lk - Category : Breaking News - Relavancy : 0.14399149

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 [...

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.11519319

[…]The post New Episodes Of Sri Lanka Political Theatre appeared first on Colombo Telegraph.

- colombogazette.com - Category : Breaking News - Relavancy : 0.11519319

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 […]

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.08639489

[…]The post Tamils Detained For Commemorating War Dead: 9 Held Under Abusive PTA appeared first on Colombo Telegraph.

- onlanka.com - Category : Breaking News - Relavancy : 0.65244156

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

- island.lk - Category : Breaking News - Relavancy : 0.14399149

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 […]

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- colombotelegraph.com - Category : Breaking News - Relavancy : 0.07199574
- onlanka.com - Category : Breaking News - Relavancy : 0.11519319

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.

- adaderana.lk - Category : Breaking News - Relavancy : 1.1417727

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.

- island.lk - Category : Breaking News - Relavancy : 0.20158808

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 […]

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- onlanka.com - Category : Breaking News - Relavancy : 0.81555194

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

- adaderana.lk - Category : Breaking News - Relavancy : 0.9786624

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.

- colombogazette.com - Category : Breaking News - Relavancy : 0.20158808

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 […]

- onlanka.com - Category : Breaking News - Relavancy : 0.20158808

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...

- island.lk - Category : Breaking News - Relavancy : 0.14399149

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, […...

- island.lk - Category : Breaking News - Relavancy : 0.20158808

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 […]

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