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The World Bank revised up its forecasts for Sri Lanka's economy on Tuesday, noting the crisis-hit nation had made strides in reducing inflation and had benefited from tourism revenue as well as an appreciation in its currency.The post World Bank boosts Sri Lanka economic forecasts after inflation progress appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka resumes rate cuts to boost growth as inflation cools (Category: Breaking News)
- Sri Lanka still among 10 countries with highest food price inflation (Category: Breaking News)
- Sri Lanka unexpectedly cuts rates by 250 bps as inflation eases (Category: Breaking News)
- Sri Lanka’s economy to shrink by 2% in 2023, Central Bank says (Category: Breaking News)
The US government said a bondholder’s lawsuit against Sri Lanka over the country’s historic debt default should be put on hold.The post Sri Lanka Bondholder Lawsuit Should Be Put on Hold, U.S. Says appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Sri Lanka seeks five-month hold on bondholder suit (Category: Breaking News)
- Local Government Election: Election chief says all relevant documents sent to be gazetted (Category: Breaking News)
- Sri Lanka Cricket files defamation lawsuit against Sports Minister seeking Rs. 2.4 billion in da... (Category: Breaking News)
- All steps taken to hold Local Government Election – Election Commission tells Supreme Court (Category: Breaking News)
The International Monetary Fund (IMF) has recommended sixteen priority actions in its recently released Governance Diagnostic Assessment (GDA) on Sri Lanka to address systematic and severe governance weaknesses and deep-rooted corruption vulnerabilities across State functions in order to unlock
- Anti-Corruption & Governance reforms are critical – IMF (Category: Breaking News)
- Everyone must come together to support Sri Lanka’s recovery and inclusive growth – IMF (Category: Breaking News)
- Sri Lanka’s economy to contract further before gradual recovery in 2024 – ADB (Category: Breaking News)
- Sri Lanka to receive first tranche of IMF funds in two days (Category: Breaking News)
[…]The post Take Great Care To Ensure The Reach Of RTI Commission Is Not Limited By Future Legislation: IMF Tells Government appeared first on Colombo Telegraph.
- ‘Strictly Justify’ The Refusal To Give Info On Adani Power Project – RTI Commission Orders BOI (Category: Breaking News)
- BASL Comes Within The Right To Information Act, RTI Commission Rules (Category: Breaking News)
- Sri Lanka’s RTI ‘Up In The Air’ In 2021? (Category: Breaking News)
- Sri Lanka’s RTI ‘Up In The Air’ In 2021? (Category: Breaking News)
By SHIHAR ANEEZ ECONOMYNEXT –Sri Lanka’s second tranche of a $3 billion loan from the International Monetary Fund is likely to be delayed as the country has failed to meet the program objective and a global lender’s official said there is no fixed timeline on the disbursement of second tranche. Sri
- IMF review must precede re-look at taxes: Shehan (Category: Breaking News)
- IMF final review discussion with President today (Category: Breaking News)
- Ceylon Chamber of Commerce commends Staff-Level Agreement on first review with IMF, calls for co... (Category: Breaking News)
- The India – Canada spat (Category: Breaking News)
Negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) to Sri Lanka are progressing positively, Acting Finance Minister Shehan Semasinghe announced.The post Sri Lanka’s acting finance minister says positive progress in securing second IMF tranche
- Positive Progress in Securing Second IMF Tranche, Says Acting Finance Minister Shehan Semasinghe (Category: Breaking News)
- IMF team arrives in Sri Lanka to evaluate economic reforms (Category: Breaking News)
- Representatives of the International Monetary Fund express satisfaction with the implemented eco... (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon – report (Category: Breaking News)
Some members on the committee of Sri Lanka's official creditors are pushing to reach a deal to restructure the nation's debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter.The post Some Sri Lanka creditors seeking debt restructuring deal without China appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says Exim Bank and Sri Lanka reached preliminary debt deal (Category: Breaking News)
- Japan, India and France launch creditors meeting on Sri Lanka debt (Category: Breaking News)
- Sri Lanka’s talks with creditors ongoing, unaware of specific deals – IMF (Category: Breaking News)
- Sri Lanka bondholders raise concerns over debt deal transparency (Category: Breaking News)
Acting Finance Minister Shehan Semasinghe announced that negotiations to secure the second tranche of funding from the International Monetary Fund (IMF) are progressing positively. He emphasized that the government’s economic reform efforts are currently under evaluation by the IMF.
- 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 did not reach a staff-level agreement with Sri Lanka in its first review under a $2.9bn bailout package, due to a potential shortfall in government revenue generation, Al Jazeera has reported, quoting the lender. Speaking after a two-week visit to the country, IMF
- IMF wants strong budget, narrower deficit from Sri Lanka (Category: Breaking News)
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
Some of Sri Lanka’s official creditors are advocating for a debt restructuring agreement that excludes China, Bloomberg reported on Thursday (28.) This move, if successful, could have implications for how wealthier nations handle financial stress in developing economies. The proposal involves major creditors, including the US, Japan, and India, signing a memorandum of understanding with [...
- Info about USD 4.2 bn debt deal with China shared with other creditors – CBSL Chief (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China - Bloomberg (Category: Breaking News)
- Sri Lanka confident of meeting conditions for IMF funding soon (Category: Breaking News)
- IMF says 2.9bn loan bailout for Sri Lanka tied to debt relief from bilateral creditors (Category: Breaking News)
Acting Minister of Finance Shehan Semasinghe says that Sri Lanka has to secure a staff-level agreement with the International Monetary Fund (IMF) review team to unlock the second tranche of the Extended Fund Facility amounting to approximately 330 million US Dollars.
The International Monetary Fund (IMF) says despite early signs of stabilization, full economic recovery in Sri Lanka is not yet assured. Growth momentum remains subdued, with real GDP in the second quarter contracting by 3.1 percent on a year-on-year basis and high-frequency economic indicators
- IMF reaches crucial staff-level agreement with Sri Lanka following first review (Category: Breaking News)
- Haircut for holders of Sri Lanka’s international sovereign bonds (Category: Breaking News)
- US calls on Sri Lanka to conclude debt restructuring agreements (Category: Breaking News)
- IMF Executive Board approves US$ 337 million to Sri Lanka (Category: Breaking News)
Some members on the committee of Sri Lanka’s official creditors are pushing to reach a deal to restructure the nation’s debt without the participation of China, Bloomberg News reported on Wednesday citing people familiar with the matter. The members want the group of major creditors, including the US, Japan and India, to sign a memorandum […]
- China asked to share copies of letter on Sri Lanka debt restructuring (Category: Breaking News)
- Paris Club provides financing assurances to IMF on Sri Lanka (Category: Breaking News)
- China in close communication with Sri Lanka on debt restructuring (Category: Breaking News)
- Ceylon Chamber urges China to meet IMF requirements (Category: Breaking News)
The International Monetary Fund (IMF) mission team concluding its visit to Sri Lanka said that despite early signs of stabilization, full economic recovery is not yet assured.The post Despite signs of stabilization, full economic recovery not yet assured – IMF Mission appeared
- Sri Lanka reaches IMF staff-level agreement on first review (Category: Breaking News)
- IMF says full economic recovery in Sri Lanka is not yet assured (Category: Breaking News)
- Sustained reforms critical for lasting recovery in Sri Lanka s economy  IMF (Category: Breaking News)
- IMF staff concludes visit to Sri Lanka saying debt agreements with creditors critical (Category: Breaking News)
The International Monetary Fund s (IMF) Senior Mission Chief for Sri Lanka, Peter Breuer stated that there is no fixed timeline for the disbursement of the second tranche of the IMF s Extended Fund Facility (EFF) to Sri Lanka and that two important things are needed to be satisfied for the matter
An International Monetary Fund (IMF) mission team led by Mr. Peter Breuer and Ms. Katsiaryna Svirydzenka visited Colombo from September 14 to 27, 2023 in order to discuss economic and financial policies to support the approval of the First Review of the program under the Extended Fund Facility (EFF
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka’s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.The post Sri Lanka’s revenue shortfall
- 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)
- Sri Lanka’s tax revision helps correct tax revenue & expenditure imbalance – IMF (Category: Breaking News)
- IMF Team to conduct second review of Sri Lanka’s EFF program in March 2024 (Category: Breaking News)
The International Monetary Fund is concerned about a shortfall in revenue collection by Sri Lanka s government this year, though that is unlikely to derail a $2.9 billion loan programme for the crisis-hit country, two Sri Lankan sources told Reuters.
President Ranil Wickremesinghe is due to meet with the visiting team of the International Monetary Fund (IMF) today (26 Sep.).
By Rathindra Kuruwita President Ranil Wickremesinghe and the representatives of the International Monetary Fund (IMF) will today (26) discuss the progress Sri Lanka has made on its reform programme. This is the final discussion IMF representatives, who are here to review the loan before approving
- Minister admits further delay in IMF bailout package (Category: Breaking News)
- IMF approves long-awaited $3 billion bailout for Pakistan (Category: Breaking News)
- IMF commends Sri Lanka s efforts in completing first review (Category: Breaking News)
- We are almost there with IMF bailout – CBSL Governor (Category: Breaking News)
The Opposition has told the International Monetary Fund (IMF) that it will review the agreement reached with Sri Lanka if a new Government led by Sajith Premadasa takes office. A group of representatives of the International Monetary Fund met the Opposition Leader Sajith Premadasa today (25
- IMF MD and Ranil review progress on restructuring Sri Lanka’s debt (Category: Breaking News)
- Ranil asks West Bengal CM on opposition alliance leadership (Category: Breaking News)
- Sajith and Roshan confirm meeting Indian HC (Category: Breaking News)
- Dayasiri ready to contest as common candidate (Category: Breaking News)
by Shihar Aneez State revenue has seen a shortfall of Rs. 100 billion as of now compared to the revenue target agreed with the International Monetary Fund (IMF), State Finance Minister Ranjith Siyambalapitiya said.Tax cuts for political reasons in December 2019 has resulted in a sharp fall in Sri
- Sri Lanka s tax revision helps correct tax revenue expenditure imbalance  IMF Mission (Category: Breaking News)
- 93 percent jump in tax collection in first half of this year (Category: Breaking News)
- IMF says increasing revenue of paramount importance for Sri Lanka; defends VAT hike (Category: Breaking News)
- VAT 18% from next year (Category: Breaking News)
Minister of Power Energy Kanchana Wijesekera on Thursday (Sept. 21) held constructive discussions with the officials of the International Monetary Fund (IMF) and the World Bank with regard to reforms in the energy and power sectors.
[…]The post SL Debt Justice Collective Writes Open Letter To IMF On DDO appeared first on Colombo Telegraph.
- Letter To Tiran (Category: Breaking News)
- An Open Letter To Mr. President Ranil Wickremesinghe (Category: Breaking News)
- Open Letter To The President: Mr. President, It’s Not Too Late! (Category: Breaking News)
- An Open Letter & Appeal To The IMF (Category: Breaking News)
The Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva and President Ranil Wickremesinghe reviewed progress on restructuring Sri Lanka’s debt. The discussion took place on the sidelines of the United Nations General Assembly (UNGA) in New York
- Iran sees potential to increase economic cooperation with Sri Lanka (Category: Breaking News)
- Government accused of suppressing voices of MPs (Category: Breaking News)
- US President meets Ranil in New York (Category: Breaking News)
- Sri Lanka’s Kaffir community to be used to attract tourists (Category: Breaking News)
In a crucial meeting held during the United Nations General Assembly (UNGA) in New York, Managing Director of the International Monetary Fund (IMF), Ms. Kristalina Georgieva, met with President, Ranil Wickremesinghe, to discuss vital economic matters. During the meeting, Ms. Georgieva and President
The Managing Director of the International Monetary Fund (IMF), Kristalina Georgieva, has held a meeting with Sri Lanka President Ranil Wickremesinghe to discuss vital economic matters.The post IMF chief Kristalina and Sri Lanka President Ranil discuss ongoing reforms and debt restructuring efforts
- IMF Chief meets President Ranil, commends Sri Lanka s economic reform efforts (Category: Breaking News)
- IMF chief and Ranil discuss restructuring Sri Lanka’s debt (Category: Breaking News)
- IMF says G20 Common Framework delivering for Sri Lanka (Category: Breaking News)
- Committed to support Sri Lanka’s economic reforms – IMF chief tells Sri Lankan President (Category: Breaking News)
The managing director of the International Monetary Fund (IMF) Kristalina Georgieva has held a meeting with President Ranil Wickremesinghe to address crucial economic issues, the President s Media Division reported.
- Kamala Harris' VP win is huge for HBCUs, Tougaloo president says (Category: USA, Mississippi)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
- Shribman: Gorman, summoned to participate, is celebrated (Category: USA, Massachusetts)
The International Monetary Fund (IMF), the World Bank and Morocco on Monday announced the annual meetings of the two global institutions would proceed in October in Marrakech, despite a recent nearby earthquake that killed more than 2,900 people.
[…]The post IMF & Global Debt Crises appeared first on Colombo Telegraph.
- Paris Summit To Push For Global Debt Reforms & What Sri Lanka Could Bring To The Table (Category: Breaking News)
- Glocalization Without Financialization (Category: Breaking News)
- China’s Economy – Nothing Is Going Right! (Category: Breaking News)
- What Is To Be Done? – Anura Kumara Dissanayake (Category: Breaking News)
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