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Rajith Keerthy Tennakoon Director General of Community Affairs at the President’s Office delivering a special media statement today (05) stated that between the assumption of office by President Ranil Wickremesinghe and February 2024, the Government of Sri Lanka has settled a total of US$ 1909.7 million in foreign debt and interest payments. He also highlighted […]
- Sri Lanka settles $1.9 Billion in Foreign Debt and Interest Payments: Official Statement (Category: Breaking News)
- Boom in bank borrowings to bridge Budget deficit (Category: Business)
- Sri Lanka must avoid China’s debt restructuring as Beijing is to seek preferential treatment (Category: Breaking News)
- Govt. should not deviate from agenda of national needs in discussions to find solutions to crise... (Category: Breaking News)
The International Monetary Fund said on Thursday that there is “strong expectation” that Sri Lanka will reach a deal with its commercial creditors by the completion of the IMF’s second review.The post There is “strong expectation” of Sri Lanka commercial creditor deal: IMF appeared
- There is Âstrong expectation of Sri Lanka commercial creditor deal- IMF (Category: Breaking News)
- IMF eyes creditor assurances as it prepares Sri Lanka visit (Category: Breaking News)
- 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)
The International Monetary Fund said on Thursday that there is Âstrong expectation that Sri Lanka will reach a deal with its commercial creditors by the completion of the IMF s second review.
The International Monetary Fund (IMF) says there is a strong expectation that Sri Lanka will reach agreements with commercial creditors, consistent with program parameters, by completion of the second review. Julie Kozak, Director of the IMF Communications Department said that macroeconomic policy
- IMF wants Sri Lanka to implement deals with official creditors (Category: Breaking News)
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- Sri Lanka’s debt restructuring to be completed by June (Category: Breaking News)
- Private creditors threaten to block next IMF tranche to Sri Lanka (Category: Breaking News)
Minister of Transport, Highways and Mass Media, Dr. Bandula Gunawardena, has stressed that any alteration, even as small as one-tenth, to the on-going government program spearheaded by President Ranil Wickremesinghe could pose a significant threat to the stability of the country once more. Despite numerous reports indicating an increase in poverty among the country’s most vulnerable, the minister ...
- The economic crisis can only be solved through the implementation of a comprehensive, long-term ... (Category: Breaking News)
- Sri Lanka to strengthen the poverty alleviation program, extend benefits to more families (Category: Breaking News)
- Targets for 2024 are 2.2million tourists and US$ 4billion in revenue – Minister of Tourism (Category: Breaking News)
- .Economic growth rate to be increased to 8 percent (Category: Breaking News)
The United States (US) says Sri Lanka has made great progress on the International Monetary Fund (IMF) program. The US Ambassador to Sri Lanka Julie Chung met the State Minister of Finance Shehan Semasinghe ahead of his trip to Washington for the IMF Spring Meeting. “Pleasure
- US National Security Advisor and Sri Lanka discuss regional security (Category: Breaking News)
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- India lifts export ban on onions for Sri Lanka (Category: Breaking News)
- US urges Sri Lanka to continue commendable reforms (Category: Breaking News)
[…]The post Conundrum Of Elections & IMF Programme appeared first on Colombo Telegraph.
- Nettles Needing To Be Grasped By Future Leaders Of Sri Lanka (Category: Breaking News)
- Regular Elections Are The Foundation Of Democratic Society (Category: Breaking News)
- Legitimacy Deficit Haunts Government (Category: Breaking News)
- Choice Of Elections Or Abolition Of Presidency (Category: Breaking News)
By Jehan Perera Tracing history and going back to the colonial era, President Ranil Wickremesinghe has said that despite the adverse impact of world wars and internal conflicts, Sri Lanka has steadfastly upheld its democratic value of ensuring the functioning of both the government and the opposition without interruption. The president was addressing members of […]
- Uncertainty over impending elections could risk Lanka’s economic recovery: ADB (Category: Breaking News)
- SL hopes for productive talks at IMF WB spring meetings (Category: Breaking News)
- Ranil likely to go for presidential poll first – sources (Category: Breaking News)
- IMF working with a government without a mandate – Handunnetti (Category: Breaking News)
The executive board of the International Monetary Fund confirmed a deal with Egypt to increase its bailout loan from $3 billion to $8 billion, in a move that is meant to shore up the Arab country s economy which is hit by a staggering shortage of foreign currency and soaring inflation.
China has said it would continue to support Sri Lanka, as the crisis-hit island nation’s prime minister on Saturday wrapped up a visit to Beijing to try to finalise a debt restructuring deal.The post China reaffirms financial support for Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- China says ready to support Sri Lanka to overcome Economic Crisis (Category: Breaking News)
- China calls for joint efforts to ease Sri Lanka’s debt burden (Category: Breaking News)
- China continuously encouraged IMF to support Sri Lanka – Chinese Embassy in Sri Lanka (Category: Breaking News)
- China welcomes Sri Lankan foreign minister’s remarks on ‘Chinese debt trap’ (Category: Breaking News)
Sri Lanka was optimistic about resolving its debt restructuring issues in the second quarter to secure financing from the International Monetary Fund (IMF), as external creditors are reportedly engaging positively, Bloomberg said quoting the country’s state finance minister. “
- Bond Auction (Category: Business)
- ‘SL will implement home-grown solution’ (Category: Breaking News)
- Market Flavour (Category: Business)
- Seeking Direction (Category: Business)
Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging “positively,” according to the South Asian nation’s junior finance minister.The post Sri Lanka confident
- Sri Lanka continued strong economic recovery says IMF (Category: Breaking News)
- IMF says Sri Lanka is doing well (Category: Breaking News)
- IMF sees Lanka as role model - Dr Amunugama (Category: Breaking News)
- IMF refutes reports on its advice to digital service tax in Sri Lanka (Category: Breaking News)
Sri Lanka is hopeful it can resolve debt restructuring issues in the second quarter so it can get financing from the International Monetary Fund because external creditors are all engaging Âpositively, according to the South Asian nation s junior finance minister.
Sri Lanka’s cabinet has approved increasing the minimum wage by 40%, a top official said on Tuesday, to support workers struggling with living costs as the economy slowly shakes off its worst financial crisis in decades, helped by an IMF bailout. Sri Lanka’s economy collapsed in early 2022 after its foreign exchange reserves dwindled to […]
- Cricketer Lahiru Thirimanna injured in accident (Category: Breaking News)
- Accomplished equestrian Mathilda Karlsson (Category: Breaking News)
- Major fire in Colombo building (Category: Breaking News)
- Students protest after boy dies following Thirukkovil marathon (Category: Breaking News)
Sri Lankan President Ranil Wickremesinghe emphasizes the necessity of a new economic reform program for the country’s economic recovery.The post Sri Lanka President stresses vitality of new Economic reforms for country’s recovery appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- “My concern was the nation’s future” – President (Category: Breaking News)
- Sri Lanka President says Let 2048 be the year of development for Sri Lanka (Category: Breaking News)
- Sri Lanka President Ranil delivers Government’s policy statement in Parliament (Category: Breaking News)
- Sri Lanka risks returning to bankruptcy within a decade unless steps taken promptly – President (Category: Breaking News)
President Ranil Wickremesinghe participating in a friendly discussion organized by the ‘United Youth Union’ on the theme ‘Future of our Youth’ in Polonnaruwa on Saturday (23), stressed the necessity of a new economic reform program for the country’s economic recovery. He requested for collective support from all citizens to prevent the next generation from inheriting […]
- Sri Lanka President stresses vitality of new Economic reforms for country’s recovery (Category: Breaking News)
- Proposed laws set to introduce structural changes, will be presented to Parliament in May – Pres... (Category: Breaking News)
- The Government’s objective is to develop Sri Lanka as a thriving nation by 2048 – President (Category: Breaking News)
- “We may contest elections separately but let us collaborate in nation-building endeavors” – Pres... (Category: Breaking News)
Sri Lankan Prime Minister Dinesh Gunawardena will visit China, his country’s biggest bilateral lender, next week, Beijing’s Foreign Ministry said Friday, according to AFP. “At the invitation of Premier Li Qiang of the State Council, Prime Minister of Sri Lanka Dinesh Gunawardena will pay an official visit to China from March 25 to 30,” Foreign […]
- Song “Danno Budunge Sri Dharmaskandha” made a national heritage (Category: Breaking News)
- Japanese Foreign Minister to hold crucial talks in Sri Lanka (Category: Breaking News)
- Crisis forced Sri Lanka to ensure financial discipline (Category: Breaking News)
- Prime Minister Dinesh Gunawardena assumes duties (Category: Breaking News)
The Japanese Ambassador to Sri Lanka, H.E. MIZUKOSHI Hideaki, expressed Japan’s support for the current program aimed at rebuilding the Sri Lankan economy.The post Japanese Ambassador assures Japan’s support for Sri Lanka’s Economic development efforts appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Japanese envoy commends Sri Lanka s anti-corruption initiatives, assures support (Category: Breaking News)
- Japan will support Sri Lanka’s economic development efforts – Japanese Ambassador (Category: Breaking News)
- Japan ready to support debt restructuring – Japanese Ambassador (Category: Breaking News)
- Japan to support Sri Lanka’s debt restructuring negotiations (Category: Breaking News)
Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article
Sri Lanka is close to finalising a debt treatment plan with India and the Paris Club, sources familiar with the negotiations said, pointing to a likely moratorium of up to six years and a reduced interest rate during the repayment period.The post Sri Lanka to secure likely 6-year moratorium on debt owed to India, Paris Club appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories...
- Paris Club proposing a 10-year moratorium on Sri Lanka’s debt – Report (Category: Breaking News)
- Paris Club to give Sri Lanka financing assurances amid IMF debt talks – sources (Category: Breaking News)
- Sri Lanka thanks India for giving assurances to IMF for USD 2.9 Billion bailout package (Category: Breaking News)
- Sri Lanka bondholders ready for debt restructuring talks with authorities (Category: Breaking News)
Following productive discussions, the International Monetary Fund (IMF) and Sri Lankan authorities have achieved a staff-level agreement on economic policies, marking a significant step in concluding the second review of the 4-year Extended Fund Facility (EFF)-supported program and the 2024 Article
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- IMF reaches staff-level agreement on Second Review of Sri Lanka’s EFF (Category: Breaking News)
- IMF reaches staff-level agreement with Sri Lanka on second review (Category: Breaking News)
The International Monetary Fund (IMF) reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement. The EFF arrangement was approved by the IMF Executive Board for a total amount
- IMF delegation to visit Colombo next week (Category: Breaking News)
- IMF commends Sri Lanka’s economic reforms endeavors (Category: Breaking News)
- IMF and Sri Lanka discuss next steps to finalize 2nd Review (Category: Breaking News)
- IMF remains very hopeful on Sri Lanka (Category: Breaking News)
Acknowledging that the independence of the Central Bank of Sri Lanka (CBSL) is an absolutely key pillar under its program, the International Monetary Fund (IMF) has said that it is important to maintain a high degree of transparency to explain how the CBSL s decisions are benchmarked.
The International Monetary Fund (IMF) team has reached a staff-level agreement with the Sri Lankan authorities on the second review under the economic reform program supported by a 4-year Extended Fund Facility (EFF) arrangement and concluded the 2024 Article IV Consultation discussions.The post
- Sri Lanka reaches IMF staff-level agreement on first review (Category: Breaking News)
- IMF reaches staff-level agreement on first review of Sri Lanka’s Extended Fund Facility arrangem... (Category: Breaking News)
- IMF reaches staff-level agreement on Sri Lanka’s second review (Category: Breaking News)
- IMF and Sri Lankan Authorities Reach Staff-Level Agreement on Economic Policies (Category: Breaking News)
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday.The post Sri Lanka to start restructuring talks with investors next week, Bloomberg News reports appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- Global investors and Sri Lanka officials set for second round of Bond Restructuring talks (Category: Breaking News)
- Some Sri Lanka creditors seeking debt restructuring deal without China (Category: Breaking News)
- Sri Lanka calls for debt-restructuring proposals from dealer managers (Category: Breaking News)
- Sri Lanka Expects Major Debt Restructuring Deals as IMF to Review Bailout (Category: Breaking News)
The visiting delegation of the International Monetary Fund (IMF) has met with Sri Lankan Opposition Leader Sajith Premadasa at the parliament complex on Wednesday (March 20).
Global investors and Sri Lankan officials expect to start negotiations aimed at restructuring $12 billion in defaulted global bonds next week, Bloomberg News reported on Thursday. A steering committee, comprising of bondholders, will begin talks as they weigh a proposal from the government to rework the overseas debt that has been in default since 2022, […]
- Mathews overlooked Chamari picked in The Hundred draft (Category: Breaking News)
- Nepal batsman Airee smashes six sixes in an over (Category: Breaking News)
- Sri Lankan born pioneer of location-tracking technology in King’s honours list (Category: Breaking News)
- Thailand and Sri Lanka to sign FTA in February (Category: Breaking News)
Pakistan and the International Monetary Fund (IMF) have reached a staff-level agreement for the release of $1.1bn from a $3bn bailout package the indebted country needed to avert a sovereign default. “The IMF team has reached a staff-level agreement with the Pakistani authorities
- Spending Break (Category: Business)
- Sri Lanka’s JVP gen secy makes dubious claim on IMF deal, says loan “pittance” (Category: Breaking News)
- IMF gets blamed for the mess created by politicians - Nepali economist (Category: Breaking News)
- IMF hopes for resolution of Sri Lanka crisis to resume bailout talks (Category: Breaking News)
Japanese Ambassador to Sri Lanka, Mizukoshi Hideaki, met with National People’s Power (NPP) leader Anura Kumara Dissanayake at the JVP head office this morning (March 19).The post Japanese Ambassador meets NPP Leader to discuss Economic and Political issues in Sri Lanka appeared first on ONLANKA - Sri Lanka Latest Breaking News and Top Stories.
- AKD, Japanese envoy discuss Sri Lanka s economic situation and upcoming prez poll (Category: Breaking News)
- Canadian High Commissioner Eric Walsh meets NPP Leader Anura Dissanayake (Category: Breaking News)
- Anura Kumara Dissanayake selected as the next Presidential candidate of National People’s Power (Category: Breaking News)
- Anura Kumara Dissanayake to contest for Presidency (Category: Breaking News)
ECONOMYNEXT –State-run Ceylon Electricity Board is losing qualified engineers at an alarming rate, after a currency collapse and new progressive taxes slapped on the debased salary, and they are not coming back, union officials said. Ceylon Electricity Board has a cadre of around 1,000 engineers but they have been usually managing with lower levels of […]
- CEBEU claims more than 150 engineers have left during last two years (Category: Breaking News)
- Minister Kanchana slammed over mud-slinging campaign targeting CEB staff (Category: Breaking News)
- CEB hit by exodus of technical staff (Category: Breaking News)
- Wide ranging rackets benefiting CEB engineers (Category: Breaking News)
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